GST News

GSTN issues Advisory on introduction of new Tables 14 & 15 in GSTR-1

16 January 2024 at 08:32

As per Notification No. 26/2022 - Central Tax dated 26th December 2022 two new tables Table 14 and Table 15 were added in GSTR-1 to capture the details of the supplies made through e-commerce operators (ECO)

Posted in GST | 19857 Views

Gujarat HC Demands Accountability from GST Officials for Cryptic Notices

15 January 2024 at 08:27

The Gujarat High Court has taken a stern stance on the cryptic nature of notices surrounding the cancellation and suspension of GST registrations, demanding the presence of three senior officials from both the state and central GST departments

Posted in GST | 5433 Views

Cabinet Grants Approval for Two-Winged Transformation of State Taxes and Excise Administration

13 January 2024 at 16:28

In a groundbreaking decision aimed at bolstering administrative efficiency, the Cabinet has granted approval for the restructuring of the State Taxes and Excise department.

Posted in GST | 3333 Views

LIC Receives Rs 3529 Crore GST Demand Notice From Mumbai Tax Authority

13 January 2024 at 09:01

LIC has been served a GST demand notice of Rs 3,529 crore by Mumbai's tax authorities. This comes in addition to a series of notices received earlier this month, totaling significant amounts and spanning various states.

Posted in GST | 3180 Views

Hindustan Zinc Faces Rs 12.7 Crore GST Notice

13 January 2024 at 08:59

Hindustan Zinc disclosed on Friday that it has received a goods and services tax (GST) notice from the Principal Commissioner, Central Excise & CGST Commissionerate, citing an "interpretational issue."

Posted in GST | 3207 Views

Vodafone Idea Faces Rs 13.16 Crore Penalty in GST Case

12 January 2024 at 14:09

In a recent regulatory filing on Thursday, Vodafone Idea disclosed that the GST additional commissioner's office in Chandigarh has imposed a hefty penalty of Rs. 13.16 crore on the telecom giant.

Posted in GST | 4056 Views

DGGI Unveils Staggering 119% Surge in Duty Evasion Cases for 2023, totaling Rs 1.98 Lakh Crore

12 January 2024 at 14:08

In 2023, DGGI detected 6,323 cases involving evasion of duty of Rs. 1,98,324 crore; 119% increase in detecting cases Year-on-Year

Posted in GST | 2670 Views

CBIC unveils 'Samay' app to expedite tax appeal resolution and reduce litigation time

12 January 2024 at 09:11

In a significant move to enhance efficiency and reduce the time taken for tax appeals, the Central Board of Indirect Taxes & Customs (CBIC) is set to roll out a new mobile application named 'Samay.'

Posted in GST | 5046 Views

Withdrawal of E-Way Bill Generation Restriction Without e-Invoice/IRN

10 January 2024 at 16:33

As of January 10, 2023, the earlier decision to restrict the creation of E-Way Bills exclusively to those accompanied by e-Invoice/IRN has been reversed, as per the recent update in the GST E-way bill system.

Posted in GST | 24843 Views

CBIC Seeks Stakeholder Insights on Harmonizing GST Rate Schedule and Service Classification

10 January 2024 at 08:53

As per Notification No. 12/2017-Central Tax dated June 28, 2017, as amended by Notification No. 78/2020-Central Tax dated October 15, 2020, taxpayers having turnover up to Rs. 5 Crore

Posted in GST | 2982 Views