GST News

CBIC Official: Data Discrepancies Behind Most GST Show-Cause Notices in 2023-24

26 September 2024 at 09:16

A significant number of the show-cause notices issued to taxpayers under the GST regime in 2023-24 stemmed from data discrepancies in tax return filings, a senior indirect tax official said on Tuesday.

Posted in GST | 8769 Views

Infosys May Get Full Relief on Reverse-Charge GST as CBIC Considers Key Modifications

26 September 2024 at 09:13

CBIC is considering amending its June 26, 2024, circular to quash Goods and Services Tax (GST) liabilities for Infosys and similar companies facing tax demands on fund transfers to their overseas branches.

Posted in GST | 1542 Views

GoM Unlikely to Offer Relief to Real Estate Sector on Joint Development Agreements

26 September 2024 at 09:12

Most 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).

Posted in GST | 663 Views

7 Arrested for Rs 900 Crore GST Scam Involving 48 Shell Companies

26 September 2024 at 09:10

In a major breakthrough, Uttar Pradesh police uncovered a large-scale GST fraud syndicate, arresting seven individuals in Muzaffarnagar on Tuesday.

Posted in GST | 2 comments | 1497 Views

GST Officers Uncover 10,700 Fake Firms in Rs 10,179 Crore Tax Evasion Scam

25 September 2024 at 09:09

Tax 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.

Posted in GST | 2415 Views

DGGI Issues Notices to Over a Dozen Food & Beverage Companies for Trademark Usage Violations

25 September 2024 at 09:05

DGGI Issues Rs 3,000 Crore GST Notices to Food & Beverage Companies Over Franchise Trademark Usage

Posted in GST | 2 comments | 7029 Views

Archival of GST Returns Data on GST Portal

25 September 2024 at 08:58

As 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.

Posted in GST | 3969 Views

GoM to Discuss Merging 12% and 18% GST Slabs on 25th September Meeting

24 September 2024 at 15:04

The 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.

Posted in GST | 951 Views

Tata Sons Secures Tax Relief as Rs 1500 Crore GST Demand in Docomo Settlement Dismissed

24 September 2024 at 08:57

In 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.

Posted in GST | 2415 Views

Gujarat's GST Departments Launch Drive Against Bogus Registrations Amid Tax Evasion Concerns

21 September 2024 at 06:49

In 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.

Posted in GST | 1773 Views