GST News

CBIC Clarifies GST Laws with 16 New Circulars Issued on 26th June 2024 for Enhanced Compliance

27 June 2024 at 16:10

CBIC issued 16 crucial circulars dated 26th June 2024 under the Goods and Services Tax (GST) regime, aimed at clarifying various aspects of the tax law and ensuring smoother compliance.

Posted in GST | 9783 Views

GST Council Proposal: Gaming Companies Set to Gain from Rs 1 Lakh Crore Retro Tax Waiver

27 June 2024 at 09:08

The Goods and Services Tax (GST) Council's recent recommendation to introduce an amendment allowing the government to overrule retrospective tax demands has sparked hope among India's cash-rich real money gaming (RMG) companies

Posted in GST | 3057 Views

Tamil Nadu, UP and Maharashtra Lead in Monthly GST Return Filing

27 June 2024 at 09:00

Uttar Pradesh, Tamil Nadu, and Maharashtra have emerged as frontrunners in filing GST returns on a monthly basis, highlighting their economic prowess, according to data from GSTN, the company processing tax returns.

Posted in GST | 2172 Views

General Insurance Sector Receives Rs 18K Crore Relief as GST Council Drops Tax Demand

27 June 2024 at 08:59

In a significant move ahead of the Union Budget, the general insurance sector has received a substantial relief amounting to over Rs 18,000 crore.

Posted in GST | 804 Views

GST Council to Reconstitute 3 GoMs as 11 New State Ministers Join

26 June 2024 at 08:54

On Saturday, the 53rd GST Council meeting marked a significant shift as 11 new ministers from states including Andhra Pradesh, Bihar, Chhattisgarh, Haryana, Madhya Pradesh, Mizoram, Odisha, Rajasthan, Sikkim, Telangana, and Tripura joined the council.

Posted in GST | 3264 Views

Maruti Suzuki Faces Rs 5.4 Crore GST Demand Notice

25 June 2024 at 09:00

Maruti Suzuki India Limited (MSIL), the nation's largest car manufacturer, has been issued a Goods and Services Tax (GST) demand notice amounting to Rs 5.4 crore

Posted in GST | 957 Views

Businesswoman Arrested in Rs 10,000 Crore GST Fraud Case by Noida Police

25 June 2024 at 09:00

The Noida Police have successfully apprehended a 40-year-old businesswoman from Coimbatore, Tamil Nadu, for her alleged involvement in a massive ₹10,000 crore Goods and Services Tax (GST) fraud. T

Posted in GST | 2793 Views

53rd GST Council Meeting: List of New Rate Changes for Goods and Services

25 June 2024 at 09:00

FM chaired a crucial pre-Budget consultation with finance ministers of states and Union Territories. This significant meeting was followed by the 53rd meeting of the GST where several pivotal decisions were made to streamline taxation.

Posted in GST | 6504 Views