GST News

Study Reveals Uneven GST Collections Among States: 8 Regions Propel Revenue Growth

10 January 2024 at 08:52

Even as the overall Goods and Services Tax (GST) collections surpassed Rs 1.6 lakh crore in most months of the fiscal year, a recent study has brought attention to the uneven growth in consumption demand among Indian states.

Posted in GST | 2844 Views

GST Authorities Issue Rs 1.45 Lakh Crore in Notices for FY18 in December

09 January 2024 at 08:34

In a sweeping move, Goods and Services Tax (GST) authorities have issued demand notices totaling ₹1.45 lakh crore to approximately 1,500 businesses in December.

Posted in GST | 3432 Views

Supreme Court Seeks Centre's Response on 28% GST for Online Gaming

09 January 2024 at 08:34

The Supreme Court of India has issued a notice to the Union government, demanding a response to a plea filed by online gaming companies challenging tax demands amounting to ₹1.5 lakh crore.

Posted in GST | 2691 Views

LIC Faces Rs 663 Crore GST Demand Notice

08 January 2024 at 08:56

Life Insurance Corporation of India (LIC) encountered a significant setback as tax authorities issued a demand notice amounting to approximately Rs 663.45 crore.

Posted in GST | 3267 Views

Vodafone Idea Challenges Rs 10.7 Crore CGST Penalty, Seeks Reversal

08 January 2024 at 08:55

Vodafone Idea Challenges Rs 10.76 Crore Penalty Under GST Act; Seeks Rectification and Reversal

Posted in GST | 5148 Views

29,273 Bogus Firms Involved in Rs. 44,015 Crore ITC Scam - 121 Individuals Apprehended

08 January 2024 at 08:53

29,273 bogus firms involved in suspected Input Tax Credit (ITC) evasion of Rs. 44,015 crore detected in a sustained drive against non-existent taxpayers by GST formations across the country since May 2023; 121 arrested

Posted in GST | 3423 Views

CCI Triumphs as GST Authorities Drop Rs 7 Crore Service Tax Demand

06 January 2024 at 16:05

The Competition Commission of India (CCI) has successfully contested and overturned a service tax demand of Rs 7.08 crore imposed by the Directorate General of GST Intelligence (DGGI).

Posted in GST | 4128 Views

4/6 Digit HSN Reporting in E-Way Bill Mandatory From 1st Feb 2024

06 January 2024 at 08:59

Effective from February 1, 2024, businesses are mandated to adhere to new specifications based on their Aggregate Annual Turnover (AATO).

Posted in GST | 14412 Views

E-Waybill Generation Linked to E-Invoice Details Mandatory From 1st March 2024

06 January 2024 at 08:56

The National Informatics Centre (NIC) has unveiled a pivotal update on January 5, 2024, reshaping the landscape of electronic documentation for businesses.

Posted in GST | 21936 Views

GSTR-3B Filing Deadline for Nov 2023 Extended in Specific Tamil Nadu Districts

06 January 2024 at 08:56

In a move aimed at providing relief to businesses affected by recent challenges in Tamil Nadu, the Central Board of Indirect Taxes and Customs (CBIC) has announced an extension to the deadline for filing the GSTR-3B return for November 2023.

Posted in GST | 7686 Views