GST News

Vodafone Idea Faces Rs 15.19 Crore GST Demand and Rs 1.51 Crore Penalty

30 August 2024 at 09:23

The GST office in Patna has ordered debt-ridden Vodafone Idea (VIL) to pay Rs 15.19 crore in taxes, along with a penalty of Rs 1.51 crore, for allegedly availing input tax credit (ITC) it was not eligible for during FY 2019-20 and 2020-21.

Posted in GST | 1 comments | 669 Views

ICAI Reprimands CA for Circulating Defamatory Messages Against GST Officer on WhatsApp

29 August 2024 at 13:57

The ICAI concludes an investigation into CA Anil Thakur under Section 21A(3) of the Chartered Accountants Act, 1949, after GST officer Shri Golden Jain accused him of spreading defamatory messages on a private WhatsApp group.

Posted in GST | 1 comments | 14298 Views

GST Department Slaps Yes Bank with Rs 24 Lakh Penalty

29 August 2024 at 09:14

The Yes Bank has been penalized by the Goods and Services Tax (GST) Department, Maharashtra that raised demand for disallowance of input tax credit (ITC) along with interest and also demand for penalty of Rs. 24,92,978/-.

Posted in GST | 4053 Views

ICICI Prudential Receives Rs 429 Crore GST Demand Notice for FY 2020

29 August 2024 at 09:13

Maharashtra Deputy Commissioner of State Tax has issued a GST demand notice of Rs 429 crore to ICICI Prudential on Tuesday disclosed the company on the stock exchange on Wednesday.

Posted in GST | 1137 Views

GST Council to Review Rate Rationalization on 9th September, Final Decision Pending: FM Sitharaman

28 August 2024 at 14:48

A detailed rate rationalization proposal will be discussed at the September 9 Council meeting, with further deliberations anticipated by the end of September.

Posted in GST | 1 comments | 639 Views

Fake CA Defrauds Businessman of Rs 1.3 Crore in GST Scam

28 August 2024 at 09:00

Aftab Memon, a man impersonating a Chartered Accountant, was arrested on Friday for defrauding a South Mumbai businessman of Rs 1.3 crore.

Posted in GST | 7464 Views

Trade Bodies Urge GST Act and Rule Simplification Ahead of GST Council Meeting

28 August 2024 at 08:59

The Agro Food Chamber of Commerce and Industry has called for an urgent simplification of the Goods and Services Tax (GST) Act and rules, highlighting the need to prioritize this issue in the upcoming GST Council meeting.

Posted in GST | 2 comments | 3471 Views

GoM Defers GST Slab Changes, Focuses on Rate Review Across Sectors

27 August 2024 at 09:00

GoM on GST rate rationalisation, led by Bihar Deputy Chief Minister Samrat Chaudhary, has postponed plans to restructure the tax slabs but is actively reviewing GST rates across various categories.

Posted in GST | 807 Views

DGGI Issues Rs 220 Crore Unpaid GST Notices to 7 Institutes, Including IIT Delhi

26 August 2024 at 09:00

7 prominent educational institutions and universities in India have been slapped with GST show-cause notices by the DGGI. The notices, issued in early August, demand unpaid taxes totalling approximately ₹220 crore.

Posted in GST | 3012 Views

Bharti Airtel Secures Major Relief as GST Demand Slashed to Rs 194 Crore from Rs 604 Crore

26 August 2024 at 08:57

The Central Goods and Service Tax Appellate Authority in Delhi has ordered Bharti Airtel to pay Rs 194 crore in GST on licence fees and spectrum usage charges, significantly reducing the original demand of Rs 604.66 crore.

Posted in GST | 2361 Views