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What is Goods and Services Tax

Goods and Services Tax

About Goods and Services Tax

What is Goods and Services Tax

The Goods and Services Tax (GST) is a uniform indirect tax levied on goods and services across the country. GST, as an umbrella tax, replaced central taxes like central excise, service tax, additional duties of excise & customs, special additional duty of customs, besides cesses and surcharges, on supply of goods and services.
 
Central GST and State GST
 
CGST is levied on intrastate supplies by the central government and SGST is levied on intrastate supplies by respective state governments. 
 
Integrated GST
 
IGST is levied on interstate supplies by the Centre (equal to CGST + SGST combined on supplies made within the state).
 
Any supply of
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Latest Updates on Goods and Services Tax

June e-way bills 2.6% lower than May, indicating possible GST moderation

Intra-state e-way bills stood at 78.85 million in June, while inter-state e-way bills were at 40.60 million during the month

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Updated On : 07 Jul 2025 | 11:23 PM IST

Net GST receipt growth slipped sharply to 3.3% in June: Govt data

June's net revenues from the indirect tax, based on transactions carried out in May, were also impacted by the back of sharp 28.4 per cent rise in total refunds to ₹25,491 crore

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Updated On : 01 Jul 2025 | 11:29 PM IST

Gross GST collections double in 5 years to record Rs 22.08 trillion in FY25

The average monthly collection stood at Rs 1.84 trillion in FY25, up from Rs 1.68 trillion in FY24 and Rs 1.51 trillion in FY22

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Updated On : 30 Jun 2025 | 5:15 PM IST

Statsguru: As GST turns eight yrs old, need for reform push grows

The goods and services tax (GST), net of refunds, now yields close to ₹20 trillion to the exchequer - both the Centre's and states'

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Updated On : 29 Jun 2025 | 11:33 PM IST

We're the largest gig worker employer in the country: Rapido cofounders

We're currently in over 35 cities with taxis and aim to be present in every district headquarters, says Rapido

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Updated On : 08 Jun 2025 | 11:36 PM IST

GST returns to become time-barred after 3 years starting July tax period

GST outward supply returns, besides returns related to payment of the liability, annual returns and tax collected at source will become time-barred

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Updated On : 07 Jun 2025 | 2:55 PM IST

Over 22 Indian states demand 50% share in central tax revenue allocation

More than 22 states have asked the 16th Finance Commission to raise their share of central tax revenue from 41 per cent to 50 per cent, says chairman Arvind Panagariya

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Updated On : 04 Jun 2025 | 5:20 PM IST

Gross GST collections rise 16.4% to over Rs 2.01 trn in May: Govt data

Goods and Services Tax (GST) collection had touched a record high of Rs 2.37 trillion in April. In May, 2024, the mop up was Rs 172,739 crore

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Updated On : 01 Jun 2025 | 7:34 PM IST

GST Council to take up rate rationalisation issue in next meeting

A GoM headed by Minister of State for Finance Pankaj Chaudhary is looking into the future of compensation cess beyond March 2026

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Updated On : 23 May 2025 | 11:32 PM IST

Hike Motor TP rates, cut GST on health premiums: Non-life insurers to govt

DFS Secretary urges insurers to improve claims processing in order to reduce customer inconvenience

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Updated On : 08 May 2025 | 12:13 AM IST

Online gaming firms oppose retrospective 28% GST, not the levy itself

Gaming firms tell Supreme Court they accept 28 per cent GST on entry value but challenge retrospective tax demands based on gross volume rather than real stakes

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Updated On : 07 May 2025 | 8:37 PM IST

CBIC issues new rules to simplify GST registration, curb official overreach

The revised guidelines aim to curb discretionary demands for extraneous documents, a frequent complaint among taxpayers who have reported harassment and inconsistency in the registration process

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Updated On : 19 Apr 2025 | 12:39 AM IST

3 Shemaroo Entertainment staffers get Bombay HC relief in GST case

The dispute originated from an input tax credit (ITC) issue involving Rs 70 crore, which tax authorities alleged Shemaroo had falsely claimed

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Updated On : 17 Apr 2025 | 11:13 PM IST

SC to hear pleas challenging retrospective tax on online gaming from May 5

In the last hearing, the court had directed the Centre and the GST department to file their response to the pleas by online gaming companies

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Updated On : 08 Apr 2025 | 7:23 PM IST

5% GST for restaurants with non-specified premises: Finance Ministry

Option of 5% GST without ITC or 18% with ITC to be applicable on restaurant services provided at non-specified premises, clarifies FinMin

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Updated On : 27 Mar 2025 | 10:30 PM IST

GoM reviewing GST on farm equipment and inputs: FM Nirmala Sitharaman

Says existing provisions under I-T Act have gaps in addressing digital data

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Updated On : 25 Mar 2025 | 11:46 PM IST

RBI, NPCI approve Rs 2 hike in ATM interchange fee from May 1, 2025

The revised interchange is not applicable for micro-ATM, interoperable cash deposit (card-based and UPI-based), and international ATM transactions

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Updated On : 25 Mar 2025 | 10:36 PM IST

GST Council meet: Uniform 5% rate on drones for business use on agenda

This could be a major relief to India's burgeoning drone industry, which consists of around 488 drone companies that have collectively secured $518 million in funding so far

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Updated On : 21 Mar 2025 | 12:32 AM IST

Towards greener GST: Rationalisation must align with jobs, sustainability

GST rate rationalisation and expansion must be done not only to achieve simplification but also to subserve large-scale employment and environmental policy goals

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Updated On : 17 Mar 2025 | 10:51 PM IST

FHRAI urges govt to delink food and beverage GST rates from room tariffs

Citing multiple representations made to the authorities, FHRAI emphasized that the current practice of linking F&B taxation to hotel room tariffs is both unfair and operationally challenging

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Updated On : 09 Mar 2025 | 2:48 PM IST