GST News

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 | 504 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 | 15009 Views

Sanjaya Kumar Mishra appointed as the first President of GSTAT

07 May 2024 at 07:55

FM Nirmala Sitharaman administers Oath of Office to Justice (Retd.) Sanjaya Kumar Mishra as the first President of GSTAT in New Delhi

Posted in GST | 3006 Views

Ram Mandir Visits and Aggressive Capex Drive Propel Uttar Pradesh to Impressive GST Revenue Growth in April

06 May 2024 at 08:48

The inauguration of the Ram Mandir in Ayodhya has emerged as a pivotal catalyst in UP's economic resurgence.

Posted in GST | 2511 Views

Hyderabad Police Arrest 5 GST Officials in Rs 46 Crore Scam

06 May 2024 at 08:47

In a significant development, Hyderabad police have apprehended five GST officials in connection with seven cases of GST refund fraud, amounting to approximately Rs 46 crore.

Posted in GST | 4020 Views

Supreme Court Seeks Details on GST Notices and Arrest

04 May 2024 at 08:59

Supreme Court has directed the Centre to provide comprehensive details regarding the issuance of notices and arrests made under the provisions of GST.

Posted in GST | 1923 Views

Zomato Faces Fresh GST Demand and Penalty Order Over Rs 2 Crore

04 May 2024 at 08:59

The Goods and Services Tax (GST) authorities have issued a fresh demand and penalty order against Zomato, amounting to a staggering Rs 2,22,91,376 in GST demand.

Posted in GST | 612 Views

YES Bank Hit with GST Demand Orders, Faces Rs 6.87 Lakh Penalty

03 May 2024 at 08:51

YES Bank revealed on Wednesday that it has been slapped with two GST demand orders, totalling a penalty exceeding Rs 6.87 lakh.

Posted in GST | 594 Views

GST revenue collection for April 2024 highest ever at Rs 2.10 lakh crore

01 May 2024 at 17:21

GST collections breach landmark milestone of Rs 2 lakh crore Gross Revenue Records 12.4% y-o-y growth Net Revenue (after refunds) stood at Rs 1.92 lakh crore; 15.5% y-o-y growth

Posted in GST | 711 Views