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The GST Authority has passed an order imposing a penalty of Rs.10,95,32,757 on Cipla under provisions applicable of the CGST, SGST and IGST Act 2017.

Cipla slapped with Rs.10.95 Crore GST Penalty

Punjab Finance Minister Harpal Singh Cheema urged that the GST compensation cess regime be extended beyond March 31, 2026, to allow states to offset income losses.

Punjab demands for Continuation of GST Compensation Cess beyond March 2026

GoM on GST rate rationalisation has proposed raising the tax on aerated beverages, cigarettes, and other tobacco-related products to 35%, up from the current rate of 28%, according to report.

GST Ministers may hike Tax to 35% on Tobacco, Cigarettes and Aerated Beverages

The government discovered GST evasion worth Rs.824.14 crore by crypto exchanges such as Binance, WazirX, CoinDCX, and CoinSwitch Kuber, but recovered only Rs.122.29 crore.

GST Authorities detects Rs.824 Crore Tax Evasion by Binance and Other Crypto Firms

The Goods and Services Tax Network (GSTN) has issued Advisory on E-Invoice Glossary and Steps.

GSTN issued Advisory on E-Invoice Glossary and Steps

Following a recommendation by the SBI-led co-lending committee, the Fitment Committee of the GST Council will evaluate the 18% GST on co-lending services.

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Cipla slapped with Rs.10.95 Crore GST Penalty

Punjab demands for Continuation of GST Compensation Cess beyond March 2026

GST Ministers may hike Tax to 35% on Tobacco, Cigarettes and Aerated Beverages

GST Authorities detects Rs.824 Crore Tax Evasion by Binance and Other Crypto Firms

GSTN issued Advisory on E-Invoice Glossary and Steps

GST Fitment Committee will review 18% Tax imposed on Co-lending Services