GST News
Tax Officials Arrest Mining Company MD for GST irregularities of 18 crores
04 January 2024 at 08:59In a major crackdown on financial malpractices, commercial tax officials have arrested Rajkumar Rekhya Roopsing Nayak, the managing director of Sri Kavya Mining Infrastructures Private Limited.
HUL Faces Rs 447.5 Crore GST Demands and Penalties
03 January 2024 at 09:19HUL, a leading FMCG maker renowned for brands such as Lux, Lifebuoy, Surf Excel, Rin, Pond’s, and Dove, disclosed on Monday that it has received GST demands and penalties totaling Rs 447.5 crore from the authorities.
Haryana Government Introduces One-Time Settlement Scheme for Pre-GST Tax Dues
03 January 2024 at 09:15Addressing a long-standing request from Haryana’s traders and business community to settle pending tax payments from before the implementation of GST, Chief Minister Sh. Manohar Lal today launched the OTS Scheme through the Excise and Taxation Department.
Yes Bank Slapped with Rs 3 Crore Penalty by Tamil Nadu GST Department
03 January 2024 at 09:14Yes Bank, a prominent private sector lender, found itself at the center of attention as it received a tax receipt amounting to Rs 3 crore from the Tamil Nadu Goods and Services Tax (GST) department on December 31, 2023.
UltraTech Cement Faces GST Demand Orders Totaling Rs 72.06 Lakh
03 January 2024 at 09:12UltraTech Cement, a leading cement manufacturer, has received two demand orders from the Goods and Services Tax (GST) authorities, amounting to Rs 72.06 lakh in total.
LIC Receives Rs 806 Crore GST Notice
02 January 2024 at 11:44Life Insurance Corporation of India (LIC) has been slapped with a Goods and Services Tax (GST) demand notice totaling Rs 806 crore, including penalty and interest.
Gross GST Collection Soars to Rs 14.97 Lakh Crore, Registers 12% Y-o-Y Growth from April to Dec 2023
02 January 2024 at 09:07Posting a growth rate of 12% Y-o-Y, Rs 14.97 lakh crore gross GST collection during April-December 2023 period
GSTN Issues Advisory on Functionalities available on the portal for GTA Taxpayers
01 January 2024 at 08:13Functionalities made available on the portal for the GTA Taxpayers
ICICI Bank and Kotak Mahindra Bank Face Hefty GST Demand Notices
30 December 2023 at 09:15ICICI Bank Challenges ₹24.37 Crore Demand Notice with ₹2.43 Crore Penalty in Tamil Nadu. Kotak Mahindra Bank Faces ₹57.20 Lakh Demand Notice with ₹5.1 Lakh Penalty in Odisha
GST Council Grants Tax Officials Additional Time for FY19 and FY20 Dues Recovery
30 December 2023 at 09:13In a recent development, the Goods and Services Tax (GST) Council has taken a significant step by extending the deadline for tax officials to pursue and recover outstanding tax dues from businesses for the financial years 2019 (FY19) and 2020 (FY20).
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