GST News

Govt Plans to Remove GST Invoice Edit Option To Revise Output Liability

07 February 2024 at 09:04

The government is contemplating eliminating the flexibility for buyers and sellers to revise their output liability by locking invoices and removing the edit option in the next financial year, as revealed by Revenue Secretary Sanjay Malhotra.

Posted in GST | 13368 Views

GST Officials Detects 14,597 Tax Evasion Cases from April to December

07 February 2024 at 09:03

In a recent disclosure to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary revealed the proactive measures undertaken by GST officers to curb tax evasion.

Posted in GST | 5031 Views

GST Notices Surge Prompts Push for Risk-Based State Assessments

07 February 2024 at 09:00

India's corporate sector is currently grappling with a flood of show-cause notices regarding Goods and Services Tax (GST) payments, prompting a call for increased scrutiny and a shift towards risk-based assessments by state authorities.

Posted in GST | 2598 Views

Revenue Secretary Vows to Curb GST Flexibility Abuse by Buyers and Sellers

06 February 2024 at 07:53

In a recent interview, Revenue Secretary Sanjay Malhotra unveiled the government's proactive stance towards curbing Goods and Services Tax (GST) evasion, emphasizing measures to prevent abuse of corrective flexibility granted to businesses.

Posted in GST | 2343 Views

GST Appellate Tribunals (GSTAT) Anticipated to Launch by July or August 2024

06 February 2024 at 07:51

In a recent interview, Revenue Secretary Sanjay Malhotra disclosed that the long-awaited Goods and Services Tax (GST) Appellate Tribunals, aimed at resolving taxpayer disputes within the indirect tax framework, are on the cusp of commencing operations.

Posted in GST | 4557 Views

Enhanced GST System Introduced with Innovative e-Invoice Portal

05 February 2024 at 09:20

The Government of India, in collaboration with States and Union Territories, has unveiled an upgraded Goods and Services Tax (GST) system, incorporating the advanced e-Invoice System.

Posted in GST | 1 comments | 5835 Views

GST Council Contemplates Pan-India Biometric Authentication Rollout for Registration, Says CBIC Chief

05 February 2024 at 09:18

In a significant move to combat fraudulent practices in GST registration, the GST Council is considering a proposal to make biometric-based Aadhaar authentication mandatory pan-India for individuals deemed suspicious, seeking GST registration

Posted in GST | 3369 Views

DGGI Unearths 1,700 Fraudulent ITC Cases Worth Rs 18,000 Crore; 98 Arrests in FY 2023-24

05 February 2024 at 09:14

DGGI detects 1,700 fraudulent ITC cases involving Rs. 18,000 crore with 98 arrests in Financial Year 2023-24 (up to December 2023)

Posted in GST | 2544 Views

Maharashtra GST Dept Unveils Guidelines for SGST Reimbursement on Movie Tickets

03 February 2024 at 09:21

The Maharashtra GST Department has issued Trade Circular No. 01T of 2024 dated January 29, 2024. The circular outlines a comprehensive procedure for the submission and processing of refund applications concerning the reimbursement of the SGST component.

Posted in GST | 2775 Views