Devdiscourse12h
18% GST for High-Value Hotel Restaurant Services
From April 1, 2025, hotels charging above Rs 7,500 per day will be classified as 'specified premises', attracting 18% GST.
‘Prasad’ served at religious places exempt from GST, says FM Nirmala Sitharaman
The Lok Sabha on Tuesday passed the Finance Bill 2025, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements.
Newspoint on MSN3d
GST Rate Cut: The government is going to take a big step on insurance soon, your premium will be reduced
Due to a reduction in the GST rate, the government treasury may get a reduction of Rs 36000 crore. However, the final ...
Couriermail13d
Queensland gets $2.4bn hit from annual Commonwealth Grants Commission GST carve-up
While every other state and territory received more funding year-on-year, the Sunshine State will receive $2.371bn less for its state coffers following the recommended GST carve-ups released by ...
Labor’s Andrew Charlton outlines radical options to tame inflation lifting by forcing workers to stash more savings in super
The first is lifting and lowering the GST depending on the economic temperature. The second, which he says he “likes” is lifting and lowering the super guarantee to force workers to spend less and ...
Billion-dollar hit for Queensland in GST carve-up
Victorians are the big winners from the latest carve-up of GST revenue, but their gains will come at the expense of Queenslanders.
The Nightly14d
Commonwealth Grants Commission to deliver new GST carve-up recommendations as Australia nears federal election
The Commonwealth Grants Commission on Friday will deliver new recommendations on how to distribute the GST carve-up, adopting ...
Bank of Canada16d
Bank of Canada reduces policy rate by 25 basis points to 2¾%
The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the ... The temporary suspension of the GST/HST lowered some consumer prices, but January’s ...
moneycontrol.com17d
Arrest under Customs Act, GST Acts: How Supreme Court aim to balance powers with rights
The Supreme Court last week upheld the rights of authorised officers to make arrests under the Customs Act and the GST Acts. However, it introduced key judicial safeguards to prevent arbitrary ...
The Financial Express17d
Delink GST on F&B from room tariffs, urges FHRAI
It has proposed a flexible system allowing all hotel restaurants to independently opt for either 18% GST with ITC or 5% without ITC, irrespective of the room rates. Moreover, it has also suggested ...
The Hindu18d
Congress pitches for GST 2.0, says it supports a truly ‘good and simple tax’ regime
A day after Union Finance Minister Nirmala Sitharaman announced that Goods and Services Tax (GST) rates would be further rationalised, the Congress on Sunday (March 9, 2025) argued for “more ...
cnbctv1818d
Retaurants & hotels body wants a more flexible GST structure
Under the current GST framework, restaurants in hotels charging ₹7,500 or more per room per day levy 18% GST on F&B services with input tax credit (ITC) benefits. Meanwhile, those in hotels with room ...