GST News

CAG Urges Finance Ministry to Target High-Risk GST Composition Taxpayers

20 August 2024 at 08:57

In a significant move to curb potential tax evasion, CAG has recommended that the Finance Ministry implement stricter monitoring measures for high-risk taxpayers under the GST Composition Scheme.

Posted in GST | 5607 Views

IIT-Delhi Faces Rs 120 Crore GST Demand on Research Funding

19 August 2024 at 08:59

The Directorate General of Goods and Services Tax (GST) Intelligence has issued a show-cause notice to the Indian Institute of Technology-Delhi (IIT-D), demanding ₹120 crore in GST on research funding received between 2017 and 2022.

Posted in GST | 4005 Views

Finance Ministry to Review GST Rates on Digital News Subscriptions

17 August 2024 at 07:53

The Finance Ministry is set to review the Goods and Services Tax (GST) rates applied to digital news subscriptions, according to sources.

Posted in GST | 1935 Views

CBIC Issues New Guidelines for Resolving CGST Act Interpretation Disputes During Audits

17 August 2024 at 07:51

On August 14, 2024, the CBIC issued Instruction No. 03/2024-GST, outlining new procedures for handling disputes related to the interpretation of the Central Goods and Services Tax (CGST) Act encountered during audits.

Posted in GST | 2475 Views

E-Way Bill Generation Hits Record High of 10.48 Crore in July

17 August 2024 at 07:49

IntroductionE-way bill generation reached an unprecedented 10.48 crore in July, setting a new record and surpassing the previous high of 10.35 crore in March 2024, according to data from the GST Network (GSTN).

Posted in GST | 729 Views

54th GST Council Meeting Scheduled for 9th September

15 August 2024 at 07:31

The upcoming 54th GST Council meeting, scheduled for September 9, 2024, in New Delhi, is expected to address several key issues

Posted in GST | 2751 Views

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 | 4806 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 | 1245 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 | 1998 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 | 5070 Views