GST News

CGST Officers Detect Rs 15 Crore GST Evasion, Two Directors Arrested

10 January 2025 at 09:02

In a significant crackdown, the Preventive Wing of the Central Goods and Services Tax (CGST) department uncovered GST evasion of approximately Rs 15 crore through fraudulent Input Tax Credit (ITC) claims.

Posted in GST | 1368 Views

Insurance Industry Advocates GST Rate Reduction on Premiums with ITC Retention

10 January 2025 at 08:59

The insurance industry has submitted its recommendations for potential changes to GST rates to the Insurance Regulatory and Development Authority of India (IRDAI).

Posted in GST | 738 Views

GSTN Issues Advisory On Implementation of Mandatory Mentioning of HSN codes in GSTR-1 & GSTR-1A

10 January 2025 at 08:49

Advisory On Implementation of Mandatory Mentioning of HSN codes in GSTR-1 & GSTR-1A

Posted in GST | 5406 Views

DGGI Granted Powers to Block Online Money Gaming Apps Evading GST

09 January 2025 at 09:01

The Directorate General of GST Intelligence (DGGI) has been empowered to directly issue takedown notices to intermediaries to block online money gaming apps and websites evading Goods and Services Tax (GST).

Posted in GST | 1914 Views

Gems and Jewellery Industry Seeks GST Reduction to 1% Ahead of Union Budget

09 January 2025 at 09:00

The All India Gem and Jewellery Domestic Council (GJC) has urged the government to reduce Goods and Services Tax (GST) on the sector from the current 3% to 1% on a revenue equivalence ratio.

Posted in GST | 657 Views

Gujarat SGST Department Uncovers Rs 11.33 Crore Liability in Raids on Coaching Institutes

09 January 2025 at 08:57

The Gujarat State Goods and Services Tax (SGST) Department announced on Tuesday the uncovering of significant tax evasions during raids on 11 coaching institutes.

Posted in GST | 600 Views

Advisory Issued for Biometric Aadhaar Verification for GST Registration in Rajasthan

09 January 2025 at 08:49

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Rajasthan

Posted in GST | 375 Views

Gaming Industry Seeks Supreme Court's Intervention Against Massive GST Demands

08 January 2025 at 09:12

The online money gaming industry in India is under immense pressure as companies face tax demands that exceed their total revenue.

Posted in GST | 714 Views

GST Portal Enables Taxpayers to File Rectification Applications for ITC Demand Orders u/s 73/74

08 January 2025 at 09:07

A functionality has now been made available on the Portal for taxpayers to file an application for rectification of such orders issued under section 73/74.

Posted in GST | 5460 Views

Ministry of Finance Designates Nodal Officer for IT Act and GST Compliance u/s 14A(3)

07 January 2025 at 09:00

In a significant development aimed at strengthening coordination between IT and GST frameworks, the Ministry of Finance has issued Notification S.O. 95(E), designating the Additional/Joint Director (Intelligence)

Posted in GST | 831 Views