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GSTN Adds New Feature to Table 12 for Detailed Outward Supplies Summary by HSN Codes

   08 April 2024 at 09:06

GSTN has introduced a new option in "Table 12 - HSN wise summary of outward supplies" of the GST Return form GSTR-1.

Posted in GST  1 comments |   5742 Views


Non-issuance of Notices in Case of Voluntary Compliance under Sections 73 and 74 of the KSGST Act, 2017

   08 April 2024 at 09:06

The Kerala Goods and Services Tax (GST) Department issued Circular No. 06/2024 on April 6, 2024, signaling a significant shift in its approach towards tax enforcement.

Posted in GST |   579 Views


Supreme Court Permits Transfer of 27 GST Cases, GamesKraft & EGF Hearings Set for 1st May

   06 April 2024 at 09:04

The Supreme Court bench headed by CJI and comprising of Justice JB Pardiwala and Manoj Misra summarily allowed the government’s transfer petition of 27 writ petitions in 9 different High Courts

Posted in GST |   2007 Views


Gujarat's GST Department Sees 43% Drop in GSTIN Applications

   05 April 2024 at 09:04

Gujarat's GST department has observed a substantial 43% decline in the monthly average of GSTIN (Goods and Services Tax Identification Number) applications since November 2023.

Posted in GST |   2298 Views


Vedanta Faces Rs 1.86 Crore GST Demand Notices Over Ineligible ITC

   04 April 2024 at 09:00

Mining giant Vedanta Ltd finds itself entangled in a GST dispute, with the tax authority demanding Rs 1.86 crore over 'ineligible' input tax credit. The company intends to challenge the orders, expressing optimism for a favorable resolution.

Posted in GST |   2427 Views


New e-Invoicing Mandate for Turnover Exceeding INR 5 Crores w.e.f 1st April 2024

   04 April 2024 at 08:58

If your turnover exceeds INR 5 crores in the financial year 2023-2024, you will be required to start e-Invoicing from the next financial year, i.e., from 1st April 2024 onwards

Posted in GST |   8223 Views


Zomato Faces Rs 23.26 Crore GST Demand for FY 2018-19

   02 April 2024 at 09:12

Zomato disclosed on Sunday that it has received an order for the fiscal year 2018-19 following an audit of GST returns and accounts conducted by the Assistant Commissioner of Commercial Taxes (Audit) in Karnataka.

Posted in GST |   2451 Views


GST Revenue in March 2024 Surge 11.5% YoY, Hits Rs 1.78 Lakh Crore Mark, Second-Highest Ever

   01 April 2024 at 17:25

Second highest monthly Gross GST Revenue collection in March at Rs 1.78 lakh crore; Records 11.5% y-o-y growth (18.4% on net basis)

Posted in GST |   450 Views


CBIC Issues Guidelines to Enhance Ease of Doing Business in CGST Investigations with Regular Taxpayers

   01 April 2024 at 09:15

CBIC has released Instruction No. 01/2023-24-GST (Inv.) on March 30, 2024, providing crucial guidelines aimed at streamlining investigations involving regular taxpayers under the Central Goods and Services Tax (CGST) regime.

Posted in GST |   4173 Views


CBIC Issues Guidelines For Officials To Prevent Taxpayer Harassment

   30 March 2024 at 08:43

The Central Board of Indirect Tax and Customs (CBIC) has recently approved a comprehensive Standard Operating Procedure (SOP) for officials of the Directorate General of GST Intelligence (DGGI).

Posted in GST |   3321 Views