GST News

GST Officer and Lawyers Nabbed in Rs 718 Crore Scam with 500 Fake Firms

14 August 2024 at 09:17

IntroductionIn a stunning revelation, a complex GST fraud involving ₹54 crore has been uncovered by the Anti-Corruption Bureau (ACB) of the Delhi Government.

Posted in GST | 1 comments | 4797 Views

Bajaj Finance Faces Rs 342 Crore GST Show Cause Notice

14 August 2024 at 09:15

Bajaj Finance announced on Monday that it has been issued a show cause notice regarding a GST demand of Rs 342 crore.

Posted in GST | 1239 Views

GST Panel Likely to Consider Insurance Relief Plea

14 August 2024 at 09:12

The GST Council could lower the rates of health and life insurance premiums at its meeting later this month if it accepts a recommendation made by a rate rationalisation committee, officials said on Thursday.

Posted in GST | 1995 Views

CBIC Launches Guidelines for Second All-India Drive to Combat Fake GST Registrations

13 August 2024 at 09:17

The Central Board of Indirect Taxes and Customs (CBIC) has announced the launch of its second special All-India Drive to tackle fake GST registrations.

Posted in GST | 5052 Views

Form GSTR-1A Now Available on GST Portal

13 August 2024 at 09:07

GSTN 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.

Posted in GST | 1 comments | 1500 Views

GSTN Introduces New Feature to Add or Amend Bank Account Details on Portal

10 August 2024 at 09:00

The 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.

Posted in GST | 4206 Views

FM Nirmala Sitharaman Rejects Calls to Reduce GST on Health Insurance Premiums

08 August 2024 at 09:20

The 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.

Posted in GST | 1 comments | 3600 Views

BCCI Paid Rs 2038 Crore in GST for FY23 and FY24

08 August 2024 at 09:16

According 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.

Posted in GST | 2868 Views

Kerala GST Department Implements New Software for Filing Returns and Tax Payments Under Legacy Acts

08 August 2024 at 09:14

On 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.

Posted in GST | 2622 Views

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 | 3168 Views