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Amitabh Bachchan pays up after DGGI evasion notice on NFT sale

Bachchan had entered into an agreement with Rhiti Entertainment Pte. Ltd, Singapore, for conversion of his content into NFTs by way of an auction.

GST on insurance premiums should be reduced to 5% or nil: SBI Research

Govt may look to reduce GST on insurance premiums and enrol the workers of MNREGA under the PMJJBY, PMSBY to increase insurance penetration

Govt working to classify cryptocurrency under GST law, 'remove doubt'

The government is working on classification of cryptocurrency as goods or services under the GST law, so that tax can be levied on the entire value of transactions

Taxing pizzas, ice cream or vehicles: GST is neither good nor simple

Separate state-wise Appellate Authority for Advance Ruling don't serve a useful purpose: there is a need for a national one.

IndiGo 'in talks with Central govt' to bring aviation fuel under GST ambit

IndiGo's full-time Director and Chief Executive Officer Ronojoy Dutta urged the Central government to bring the Aviation Turbine Fuel (ATF) under goods and service tax (GST) ambit

Centre yet to pay GST dues of Rs 26,000 crore to Maharashtra: Minister

Union government has not yet paid GST dues of Rs 26,000 crore to Maharashtra and if the state gets this money it would be very helpful said Minister of State for Finance Shambhuraj Desai

Maharashtra govt wants Centre to waive GST on 'The Kashmir Files'

Maharashtra Deputy Chief Minister Ajit Pawar on Wednesday rejected the demand of BJP legislators to waive tax on Hindi film "The Kashmir Files"

States yet to get Rs 53,661-crore GST compensation: Finance ministry

According to the data tabled by Sitharaman, the highest amount of GST compensation yet to be released will go to Maharashtra, at Rs 11,563 crore.

GST Council should not be politicised, says FM Nirmala Sitharaman

Sitharaman said that the GST Council should not be politicised as it is a body in which every finance minister from every state sits and decides on how the disbursements happen.

Auditing officers lose adjudicating notice power under GST system

Experts allege that auditing and investigating officers were not adjudicating the notices judiciously and were retaining the demands made in them

Addressing uncertainty

Necessary changes in GST must be made in time

BharatPe ready for preliminary govt probe, to comply with law, say sources

BharatPe has already conducted a thorough internal governance review via Alvarez and Marsal, a leading management consultant and risk advisory firm

GST compensation cess period already extended till March 2026: FM

The Union Minister was responding to a query on Karnataka Chief Minister Basavaraj Bommai's statement requesting the Centre to extend the GST compensation period, which ends in June.

Ashneer Grover, wife Madhuri Jain pay Rs 8.2-cr advance tax for FY23

GST authorities are now scrutinising BharatPe books of the last four years to see if bogus invoices were issued for services as well

GST authorities expand probe into alleged tax evasion by BharatPe

GST authorities have expanded the probe into alleged tax evasion by fintech firm BharatPe to include reported issuance of fake invoices by those close to the firm's ousted co-founder Ashneer Grover

GST body finds more instances of tax fraud at fintech firm BharatPe

Bharatpe, In October 2021, had accepted it had issued invoices to non-existent vendors and paid about Rs 11 crore, in dues and penalty, to the tax department

Helpful changes in Customs and GST procedures

Many Customs notifications allow imports at lower or nil rates of duty, specified goo­ds for use in the manufacture of specified products

GST Council may consider raising lowest slab to 8%, rationalise tax slabs

The GST Council in next meet may look at raising the lowest tax slab to 8%, from 5%, and prune the exemption list in the GST regime

Odisha records robust growth rate of 47% in state GST collection

The successful auction of iron ore mines last year by the state government contributed significantly in increasing the tax revenue this year

GST collections up 18%, cross Rs 1.3 trn in Feb despite Omicron curbs

Analysts are confident that GST collection for the current financial year will cross the Budget targets