GST News
GoM Unlikely to Offer Relief to Real Estate Sector on Joint Development Agreements
26 September 2024 at 09:12Most members of the Group of Ministers (GoM) of the Goods and Services Tax (GST) Council have indicated they are not in favor of providing any tax relief to the real estate sector concerning Joint Development Agreements (JDAs).
7 Arrested for Rs 900 Crore GST Scam Involving 48 Shell Companies
26 September 2024 at 09:10In a major breakthrough, Uttar Pradesh police uncovered a large-scale GST fraud syndicate, arresting seven individuals in Muzaffarnagar on Tuesday.
GST Officers Uncover 10,700 Fake Firms in Rs 10,179 Crore Tax Evasion Scam
25 September 2024 at 09:09Tax authorities have uncovered approximately 10,700 fake GST registrations, involving tax evasion worth ₹10,179 crore, during an ongoing all-India drive against fraudulent companies, a senior official from CBIC announced.
DGGI Issues Notices to Over a Dozen Food & Beverage Companies for Trademark Usage Violations
25 September 2024 at 09:05DGGI Issues Rs 3,000 Crore GST Notices to Food & Beverage Companies Over Franchise Trademark Usage
Archival of GST Returns Data on GST Portal
25 September 2024 at 08:58As per GST portal data policy, data for view of taxpayer to be retained for seven years only. Therefore, the same data policy is being implemented on the GST portal.
GoM to Discuss Merging 12% and 18% GST Slabs on 25th September Meeting
24 September 2024 at 15:04The six-member Group of Ministers (GoM) on GST rate rationalization, chaired by Bihar Deputy Chief Minister Samrat Chaudhary, is set to convene in Goa on September 25, 2024.
Tata Sons Secures Tax Relief as Rs 1500 Crore GST Demand in Docomo Settlement Dismissed
24 September 2024 at 08:57In a major win for Tata Sons, the GST adjudicating authority has dismissed a Rs 1,500 crore GST demand related to a $1.27 billion settlement with Japan's Docomo. This decision may set a precedent for future arbitration cases.
Gujarat's GST Departments Launch Drive Against Bogus Registrations Amid Tax Evasion Concerns
21 September 2024 at 06:49In a decisive move to combat the rising tide of tax evasion through bogus billing scams, the state and central Goods and Services Tax (GST) departments in Gujarat have initiated a comprehensive drive to identify and cancel fraudulent GST registrations.
IGST Panel Finalizes Action Plan to Resolve 'Negative Balance' Issue
21 September 2024 at 06:47The Indian government has initiated a comprehensive review of IGST settlement mechanism following complaints from several state governments about revenue shortfalls.
Food Processing Ministry to Address Industry's GST Concerns with GST Council: Chirag Paswan
21 September 2024 at 06:35In a strategic move to enhance the food processing sector, the Centre organized a high-level CEO roundtable on September 19, 2024, as part of the World Food India 2024 event.
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