GST News

AIGF Writes to Finance Ministry Seeking GST Notification Suspension for Online Gaming

03 October 2023 at 08:45

The All India Gaming Federation (AIGF) has reportedly reached out to the finance ministry requesting the suspension of the 28 percent Goods and Services Tax (GST) notification on online gaming that was set to go into effect on October 1.

Posted in GST | 3999 Views

GST Collection for September 2023 Cross Rs 1.6 Trillion, Records 10% YoY Growth

02 October 2023 at 08:20

₹1,62,712 crore gross GST revenue collected during September 2023; records 10% Year-on-Year growth

Posted in GST | 6885 Views

Maruti Suzuki Faces GST Authority's Show Cause Notice Over Tax Liability

30 September 2023 at 14:51

Leading automobile manufacturer Maruti Suzuki India found itself in the crosshairs of the GST Authority.

Posted in GST | 5430 Views

Rising GST Collections Linked to Improved Compliance, Reveals CBIC Chief

30 September 2023 at 09:01

In a significant development, the Chief of the CBIC, Sanjay Kumar Agarwal, attributed the recent surge in monthly Goods and Services Tax (GST) collections to a marked improvement in compliance among businesses.

Posted in GST | 3558 Views

Infosys Faces GST Demand of Rs 37.75 Lakh including Interest and Penalties

30 September 2023 at 09:00

In a recent regulatory disclosure, Infosys has confirmed that it has received a demand order from tax authorities, which includes the collection of Goods and Services Tax (GST), along with interest and penalties.

Posted in GST | 10320 Views

Digital Giants and Edtech Firms Set to Face 18% IGST Starting 1st Oct 2023

30 September 2023 at 08:58

In a significant development for the digital landscape in India, prominent companies like Google, Facebook, and X (formerly Twitter) are bracing themselves for a significant change in tax policy.

Posted in GST | 7158 Views

CBIC Set to Roll Out 28% GST on Online Gaming, Casinos and Horse Racing from 1st Oct 2023

29 September 2023 at 08:57

The Central Board of Indirect Taxes and Customs (CBIC) is gearing up to implement clarificatory laws related to a uniform Goods and Services Tax (GST) rate of 28 percent on online money gaming, casinos, and horse racing starting from October 1, 2023.

Posted in GST | 5859 Views

ICICI Lombard Faces Over Rs 1728 Crore Tax Demand Notice Over GST Non-Payment

28 September 2023 at 14:22

ICICI Lombard General Insurance Company Ltd. has received a show cause notice from the Directorate General of GST Intelligence (DGGI) regarding non-payment of a tax demand of ₹1,728.90 crore.

Posted in GST | 7593 Views

GST Council's 52nd Meeting: Reviewing Tax Amendments in Online Gaming and Casinos

28 September 2023 at 08:51

The GST Council is scheduled to hold its 52nd meeting on October 7, 2023, at Vigyan Bhawan, New Delhi.

Posted in GST | 5733 Views

GSTN Advisory: Temporary Pause in Auto e-Invoice Population to GSTR-1

27 September 2023 at 17:11

GSTN wishes to inform you that the auto population of e-Invoice in GSTR-1 is temporarily halted due to essential system upgrades, which will involve the implementation of e-Invoice JSON download functionality.

Posted in GST | 5289 Views