Ministerial panel on GST rate rationalisation and insurance taxation to meet on October 19

The two ministerial panels set up by the GST Council are slated to meet on October 19 to discuss GST rate rationalisation and lowering 18% tax rate on health and…

Interview | GST evasion hits record ₹2 lakh crore in FY24: DGGI outlines ongoing probes and future plans

The Directorate General of GST Intelligence has detected the highest-ever number of tax evasion cases, totalling approximately 6,084 cases involving over ₹2 lakh crore of GST, which was evaded in…

GST Council forms 10-member GoM to decide on future of compensation cess, panel to submit report by Dec 31

The Goods and Services Tax (GST) Council has set up a 10-member GoM, headed by Minister of State for Finance Pankaj Chaudhary, to decide on the future of compensation cess.…