GST News

New Mechanism to Curb GST Fraud in ITC Claims Expected by November

02 October 2024 at 09:32

The Union Ministry of Finance is advancing efforts to curb fraudulent Input Tax Credit (ITC) claims related to the Goods and Services Tax (GST) paid under the Reverse Charge Mechanism (RCM).

Posted in GST | 1950 Views

GSTN Issues Advisory On e-Services App to Replace e-Invoice QR Code Verifier App

02 October 2024 at 09:31

GSTN is pleased to inform the launch of the new GSTN e-Services app, which replaces the old e-Invoice QR Code Verifier App.

Posted in GST | 426 Views

CBIC Amends Customs Exemptions & Concessions to Align HS Codes with Finance (No. 2) Act 2024

02 October 2024 at 09:30

In a significant move to streamline customs operations, the Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 45/2024-Customs, effective October 1, 2024.

Posted in GST | 1260 Views

GST Officials Arrested for Extortion: Rs 69 Lakh Cash and Gold Recovered

01 October 2024 at 09:08

In a shocking case of corruption, the Organised Crime Division of the police recovered ₹69 lakh in cash and 306 grams of gold from four GST officials arrested earlier in September for allegedly kidnapping and extorting ₹1.5 crore from businessman

Posted in GST | 1995 Views

SpiceJet Clears GST Dues Just Days After Raising Rs 3,000 Crore Through QIP

30 September 2024 at 09:12

Budget airline SpiceJet has taken a crucial financial step by settling all its Goods and Services Tax (GST) dues on Friday, just one day after resolving all outstanding salary arrears for its employees.

Posted in GST | 1458 Views

CBIC to Deploy Technology Solutions to Resolve GST Data Mismatches and Disputes

30 September 2024 at 09:11

In a significant move to address the growing issue of data discrepancies in tax return filings, the CBIC is set to introduce advanced technological solutions to resolve mismatches and reduce related disputes.

Posted in GST | 3288 Views

Advisory Issued for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration in Odisha

30 September 2024 at 09:10

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Odisha

Posted in GST | 372 Views

GSTN Restores Archived July and August 2017 GST Returns Data

30 September 2024 at 09:09

In view of the requests received from the trade due to the difficulties faced, data has been restored back on the portal.

Posted in GST | 1596 Views

Taxpayers Rejoice: New Section 128A Waives Interest and Penalties on Specific Tax Demands

28 September 2024 at 16:13

In a significant move aimed at alleviating tax burdens, the CGST Act has introduced a new section, 128A, which offers considerable relief for taxpayers regarding tax liabilities incurred between July 1, 2017, and March 31, 2020.

Posted in GST | 6681 Views