GST News

FM Nirmala Sitharaman Clarifies GST Compensation Cess Extension in Lok Sabha

07 August 2024 at 09:05

During a lively Question Hour session in Parliament, Tamil Nadu MP D. Ravikumar raised a critical issue regarding the continuation of the GST compensation cess, even though direct payments to states have ceased.

Posted in GST | 2958 Views

Government Collects Rs 8,263 Crore GST on Health Insurance Premiums in FY 2023-24

07 August 2024 at 09:04

In the fiscal year 2023-24, the Indian government has collected Rs 8,263 crore as GST on health insurance premiums, as informed by the Minister of State for Finance, Pankaj Chaudhary, in Parliament on Monday.

Posted in GST | 1 comments | 2217 Views

Self-Invoicing Sparks GST Compliance Challenges for Indian Corporates

06 August 2024 at 08:52

Indian corporates are currently navigating a complex landscape of GST compliance, particularly concerning self-invoicing and the reverse charge mechanism (RCM) for services received from foreign entities.

Posted in GST | 5382 Views

Centre Poised to Accept Infosys' Plea on GST Notice

05 August 2024 at 09:03

In a significant move that could avert a potentially damaging tax litigation, the central government is likely to accept Infosys Ltd.’s plea that GST does not apply to the services the company avails from its offshore branch offices.

Posted in GST | 2169 Views

CBIC Implements June Circular to Clarify GST Issues on Related Party Service Imports

05 August 2024 at 09:01

IntroductionThe Central Board of Indirect Taxation and Customs (CBIC) has directed field authorities to adhere to its June 26 circular when evaluating issues concerning the related party import of services by local firms.

Posted in GST | 3687 Views

GSTN Issued Advisory Related to Changes in GSTR 8

03 August 2024 at 09:08

GSTN team is working on the changes announced by GST Council in respect of GSTR 8

Posted in GST | 2895 Views

Advisory Issued for Biometric-Based Aadhaar Authentication for GST Registration Applicants of J&K and West Bengal

03 August 2024 at 09:06

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Jammu & Kashmir and West Bengal

Posted in GST | 519 Views

Gross and Net GST Revenue Collections for the month of July 2024

02 August 2024 at 08:56

Gross and Net GST Revenue Collections for the month of July 2024

Posted in GST | 936 Views

Detailed Manual and FAQs on filing of GSTR-1A

02 August 2024 at 08:55

A Detailed manual for filing of GSTR-1A and related FAQs has been released on the GST Portal

Posted in GST | 1059 Views

Infosys Issues Clarification on Rs 32,403 Crore GST Evasion Allegations

01 August 2024 at 09:30

Infosys Limited, the global IT consulting firm, has addressed recent allegations regarding the non-payment of Goods and Service Tax (GST) related to expenses incurred by its overseas branches

Posted in GST | 5031 Views