GST News

Businessman booked for Rs 12.36 Crore ITC Scam

11 September 2023 at 08:43

The businessman, Surender, has been booked by the UT excise department for allegedly cheating them out of ₹12.36 crore through fake input tax credit claims.

Posted in GST | 3759 Views

25 New Traders Embrace GST Registration at Ludhiana Camp

09 September 2023 at 08:41

25 new traders registered at a GST camp in Ludhiana, Punjab on September 7, 2023. The camp was organized by the state GST Department's Ludhiana district zone 4.

Posted in GST | 3069 Views

Karnataka Cabinet Postpones Decision on 28% GST for Real-Money Gaming Draft Ordinance

09 September 2023 at 08:37

The Karnataka cabinet, on September 7, deferred the approval of a draft ordinance to impose a 28 percent Goods and Services Tax (GST) on online money gaming, casinos, and racecourses.

Posted in GST | 6561 Views

CBIC Notified New Rules for Online Gaming and Casino Claims Valuation

08 September 2023 at 09:11

Central Board of Indirect Taxes and Customs (CBIC) notified Rules 31B and 31C for determining the value of supply for online gaming and actionable claims in the case of casinos on September 6, 2023.

Posted in GST | 6723 Views

Arunachal Pradesh Assembly Passes Amended GST Bill

07 September 2023 at 08:43

The Arunachal Pradesh assembly on Wednesday has passed the Goods & Services Tax Bill, 2023 in its amended form.

Posted in GST | 4914 Views

Google Opens Play Store to Real-Money Games Post Gaming Regulation

07 September 2023 at 08:42

Google's plan to allow all types of real-money games on the Play Store once approved by self-regulatory bodies in India is significant news for the gaming industry in the country.

Posted in GST | 2727 Views

SC Stays Karnataka HC's Ruling on Gameskraft's Rs 21,000 crore GST Notice

07 September 2023 at 08:41

The Supreme Court, on September 6, stayed the Karnataka High Court's judgment that had quashed a GST notice against Gameskraft Technology. This notice alleged evasion of Rs 21,000 crore in GST.

Posted in GST | 8589 Views

Mandatory HSN Code Requirements in E-Invoices and E-Way bills for Taxpayers from Oct 2023

06 September 2023 at 08:57

There is a new GST E-Way Bill update regarding the HSN code requirements.

Posted in GST | 34245 Views

CBIC Releases Procedure for Provisional Attachment of Property u/s 83(2) of CGST Act 2017

06 September 2023 at 08:55

Procedure to be followed with respect to sub-section (2) of section 83 of CGST Act, 2017 when provisional attachment of property ceases to have effect

Posted in GST | 7098 Views

Karnataka AAR Grants ITC for Promotional Items in Sales Targets

05 September 2023 at 08:51

Karnataka AAR has ruled that businesses can claim ITC on items such as gold coins and white goods that are procured for distribution to dealers as part of promotional schemes when pre-specified sales targets are achieved.

Posted in GST | 8154 Views