GST News

GST Scam: 25% of 69000 Suspected Accounts Fake, Rs 15000 Crore Evasion Potential Uncovered

10 July 2023 at 08:52

The Central Board of Indirect Taxes and Customs (CBIC) has found that around 25% of 69,000 suspected GST accounts are fake. These accounts have availed benefits of around Rs 15,000 crore.

Posted in GST | 7548 Views

GSTN introduces new feature to help businesses verify additional places of business

08 July 2023 at 08:56

Goods and Services Tax Network (GSTN) has introduced a new feature in the "Search Taxpayer" option to provide users with access to a list of "Additional Places of Business" (APBs).

Posted in GST | 15243 Views

GSTN | Geocoding Functionality Now Live for All States and Union Territories

08 July 2023 at 08:55

GSTN is pleased to inform that the functionality for geocoding the principal place of business address is now live for all States and Union territories

Posted in GST | 6018 Views

Karnataka GST Dept takes initiatives to improve GST compliance

07 July 2023 at 16:50

Karnataka GST Department issued Circular No. GST-03/2023-24 on June 13, 2023. The circular outlined a number of measures that the department will be taking to ensure revenue collection, compliance, and effective GST Audit.

Posted in GST | 4389 Views

GSTR-3B Tab Access Restricted Until GSTR-1 Filing Completion

07 July 2023 at 08:58

GSTR-3B tab on the GST Portal will not open before the filing of GSTR-1.

Posted in GST | 11988 Views

GST Officers Kidnapped for Ransom; Hyderabad Police Arrest 4, Including Scrap Dealer

07 July 2023 at 08:55

Two GST intelligence officers were allegedly assaulted and kidnapped by a scrap dealer and his associates in Hyderabad on Wednesday.

Posted in GST | 6582 Views

GST Council Strengthens Registration Rules, Physical Verification Mandatory for High Risk Cases

07 July 2023 at 08:55

GST Council is likely to tighten the registration rules in its meeting on July 11, 2023. One of the key changes being proposed is to make physical verification mandatory in "high risk" cases.

Posted in GST | 2907 Views

4900 Fake GST Registrations Cancelled, Rs 15000 Crore Tax Evasion Busted

07 July 2023 at 08:54

As of July 4, 2023, GST authorities have cancelled over 4,900 fake GST registrations and detected tax evasion of over Rs 15,000 crore during the ongoing two-month drive to weed out fake GSTINs. The drive, which began on May 16, will end on July 15.

Posted in GST | 2574 Views

CBIC announces interest rate reduction for late tax payment & wrongly availed ITC

06 July 2023 at 08:46

CBIC issued a clarification on July 1, 2023, to reduce the interest rate on wrongly availed and utilized ITC from 24% to 18%.

Posted in GST | 16233 Views

CBIC waives GSTR-9 & GSTR-9C Filing for turnover up to Rs 2 crores and 5 crores

05 July 2023 at 08:28

Central Board of Indirect Taxes and Customs (CBIC) has waived the filing of annual returns through Form GSTR-9 and GSTR-9C for turnover up to 2 crores and 5 crores respectively

Posted in GST | 18090 Views