GST News

GSTAT Set for Operationalization by End of 2024 or Early 2025

15 May 2024 at 08:51

According to sources closely involved in the process, efforts are underway to ensure the expeditious operationalization of the GST Appellate Tribunal.

Posted in GST | 2466 Views

Five States Ready for Aadhaar-based GST Registration Authentication

14 May 2024 at 08:44

Five states, including Karnataka, Tamil Nadu, and Telangana, are now considering the implementation of Aadhaar-based authentication for GST registration, marking a significant shift in ensuring the integrity of the tax system

Posted in GST | 2913 Views

Supreme Court: GST Officers Require Verifiable Material, Not Mere Suspicion Before Arrest

13 May 2024 at 08:57

The Supreme Court of India witnessed a significant legal debate on May 9th, 2024, concerning the legality of arrest powers granted to officers under the Customs Act and GST Act.

Posted in GST | 3639 Views

Former GST Official Sentenced to 3 Years in Bengaluru Bribery Case

10 May 2024 at 08:47

The Special Judge for CBI cases in Bengaluru has delivered a verdict in the case involving Jitendra Kumar Dagur, the former Superintendent of Central Excise and Central Tax (GST).

Posted in GST | 1005 Views

Supreme Court Directs Centre to Avoid Coercion in GST Recovery Operations

09 May 2024 at 17:36

The Supreme Court issued a significant directive to the Centre on Wednesday, emphasizing the avoidance of coercion and threats in Goods and Services Tax (GST) recovery operations.

Posted in GST | 3780 Views

IDBI Bank Faces Rs 2.97 Crore GST Demand Order for Alleged Tax Credit Misuse

08 May 2024 at 09:01

In a recent development, IDBI Bank revealed that it has been slapped with a GST demand order totaling Rs 2.97 crore, inclusive of interest and penalties

Posted in GST | 966 Views

GST Portal Adds Dhanlaxmi Bank, Enables Payment Choices to 27 Banks

08 May 2024 at 08:52

Goods and Services Tax Network (GSTN) has announced the addition of Dhanlaxmi Bank Limited to its roster of banks on the GST Portal.

Posted in GST | 552 Views

GST Boosted State Revenue by 24% Compared to Old Tax Regime: FM Sitharaman

08 May 2024 at 08:51

In a recent statement, Finance Minister Nirmala Sitharaman dispels misconceptions surrounding GST collections, highlighting its substantial contribution to state revenues and its pro-poor nature.

Posted in GST | 534 Views

CBDT Releases Guidelines for Compulsory Scrutiny of Income Tax Returns in FY 2024-25

07 May 2024 at 08:15

The Central Board of Direct Taxes (CBDT) has recently issued comprehensive guidelines regarding the compulsory selection of tax returns for complete scrutiny during the financial year 2024-25.

Posted in GST | 15057 Views