GST News
CBIC Launches Guidelines for Second All-India Drive to Combat Fake GST Registrations
13 August 2024 at 09:17The Central Board of Indirect Taxes and Customs (CBIC) has announced the launch of its second special All-India Drive to tackle fake GST registrations.
Form GSTR-1A Now Available on GST Portal
13 August 2024 at 09:07GSTN has rolled out the GSTR-1A form, a significant update that allows taxpayers to make necessary changes, corrections, and amendments to the data filled in their GSTR-1 for the same month.
GSTN Introduces New Feature to Add or Amend Bank Account Details on Portal
10 August 2024 at 09:00The Goods and Services Tax Network (GSTN) has rolled out a new functionality on the GST portal, allowing taxpayers to easily add or amend their bank account details.
FM Nirmala Sitharaman Rejects Calls to Reduce GST on Health Insurance Premiums
08 August 2024 at 09:20The opposition had been demanding that the GST on health and life insurance premiums be scrapped but Union Finance Minister Nirmala Sitharaman has rebuffed such calls.
BCCI Paid Rs 2038 Crore in GST for FY23 and FY24
08 August 2024 at 09:16According to the information given in Parliament on Tuesday, gross GST revenue collection from BCCI during FY 2022-23 and FY 2023-24 was Rs 2,038.55 crore.
Kerala GST Department Implements New Software for Filing Returns and Tax Payments Under Legacy Acts
08 August 2024 at 09:14On August 3, 2024, the Kerala GST Department issued Trade Circular No. 14/2024-Kerala GST, announcing the implementation of new software for filing returns and payment of taxes under legacy acts.
FM Nirmala Sitharaman Clarifies GST Compensation Cess Extension in Lok Sabha
07 August 2024 at 09:05During 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.
Government Collects Rs 8,263 Crore GST on Health Insurance Premiums in FY 2023-24
07 August 2024 at 09:04In 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.
Self-Invoicing Sparks GST Compliance Challenges for Indian Corporates
06 August 2024 at 08:52Indian 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.
Centre Poised to Accept Infosys' Plea on GST Notice
05 August 2024 at 09:03In 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.
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