GST News

FM grants GST exemption on cancer drug for minor

30 March 2023 at 08:39

India's indirect taxes body gave a ₹7 lakh goods and services tax exemption for a cancer medication for a small girl.

Posted in GST | 4818 Views

Ministry of Finance states 15% increase in GST Collection YoY

28 March 2023 at 08:41

There has been an increase of 15% in GST Collection in the month of December (FY 2022-23) as compared to the month of December (FY 2021-22)

Posted in GST | 2967 Views

Lok Sabha approves setting up of GST Appellate Tribunal to solve disputes

25 March 2023 at 08:46

Lok Sabha on Friday cleared changes in the Finance Bill to pave the way for setting up of an appellate tribunal for resolution of disputes under GST.

Posted in GST | 3063 Views

Develop mechanism for online audit of GST: Parliamentary Panel on Finance

24 March 2023 at 08:37

A high-level Parliamentary panel has suggested to the government to look into the possibility of developing a mechanism for online audit in GST, in order to make the process more efficient and less intrusive.

Posted in GST | 3117 Views

GSTN | HSN Code Reporting in e-Invoice on IRPs Portal

23 March 2023 at 08:32

We would like to inform you that this requirement has already been implemented in the GST system, and we are now in the process of implementing the same at IRPs portal in collaboration with our IRP partners including NIC.

Posted in GST | 6084 Views

3 GST officials involved in fake raid dismissed through newspaper ad

22 March 2023 at 07:03

The state goods and service tax department led by senior bureaucrat Rajeev Mittal on Tuesday dismissed three GST inspectors after it was confirmed they were involved in a fake raid and decamped with Rs 11 lakh from a leading trader.It was for the fir

Posted in GST | 7449 Views

GSTN issues advisory for taxpayers wishing to register as OPC in GST

21 March 2023 at 14:36

Advisory for the taxpayer wishing to register as "One Person Company" in GSTAs per provision of section 2(62) of The Companies Act, 2013 "One Person Company" is defined as a company which has only one person as member. Some issues

Posted in GST | 7722 Views

GST officers unearthed fake invoicing racket involving tax evasion of Rs 17 crore

20 March 2023 at 08:40

GST officers in Delhi have unearthed a fake invoicing racket involving tax evasion of Rs 17 crore and arrested two persons, the Finance Ministry said on Saturday.

Posted in GST | 3966 Views

GST dept to scrutinise IT, MCA data to identify entities not paying taxes

20 March 2023 at 08:40

The GST department will soon begin analysing ITRs filed by businesses and professionals and also MCA filings to ascertain if the entities are adequately discharging their GST liability and widening the taxpayer base.

Posted in GST | 8493 Views

GST stalemate to continue for cryptocurrencies

18 March 2023 at 06:55

The proposed move to levy goods and services tax (GST) on cryptocurrencies is set to be delayed as consensus on the modalities has eluded officials from the centre and state governments.

Posted in GST | 3198 Views