GST News

50 Year Old Man Held for GST Invoice Fraud Worth Rs 147 Crore

22 August 2023 at 08:47

A 50-year-old man from Nerul, Navi Mumbai, has been arrested by the anti-evasion cell of the Central GST Belapur Commissionerate for his alleged role in a Rs 147 crore GST invoice scam

Posted in GST | 3765 Views

GSTN issued advisory on E-Invoice Glossary and Steps

19 August 2023 at 08:30

GSTN has prepared an informative resource in the form of an e-invoice glossary and a step-by-step guide for your reference.

Posted in GST | 5943 Views

Online Gaming Firms Confront Rs 45000 Crore Tax Demand Post 28% GST Levy

17 August 2023 at 08:55

CBIC has evaluated the GST liabilities of the gaming firms in India, and it has been found that they were taxed at 18% on their gross gaming revenue, which was meant for skill-based games, instead of the legally prescribed 28%.

Posted in GST | 7077 Views

GST Applicable on X (formerly Twitter) Ad Revenue Sharing Beyond Rs 20 Lakh Annual Threshold

14 August 2023 at 08:38

Income from ad revenue sharing by X (formerly Twitter) is liable to GST if it exceeds the threshold of Rs 20 lakh in a year.

Posted in GST | 9627 Views

SGST Arrests Rajkot Businessman for Rs 8.7 Crore Tax Evasion in Crude Chemical Trade

14 August 2023 at 08:34

One person has been arrested for ₹8.7 crore GST evasion in Gujarat. The accused, Devang Nathwani, is the key person handling the affairs of Eagle Marketing, which is involved in trading of crude chemicals.

Posted in GST | 6543 Views

Lok Sabha passes GST Amendment Bills to impose 28% tax on online gaming, casinos and race clubs

12 August 2023 at 08:47

The Lok Sabha passed two bills on Friday to amend the Goods and Services Tax (GST) laws to levy a 28% tax on online gaming, casinos, and race clubs. The bills were introduced by Finance Minister Nirmala Sitharaman in the lower house of Parliament.

Posted in GST | 7623 Views

Main Users Grant Sub-Users Access to e-Invoices and EWB Management

10 August 2023 at 09:01

The GST, e-Invoice System issued an update on August 9, 2023, stating that sub-users can now access e-Invoices generated by the main user and perform View/Cancel/Generate EWB.

Posted in GST | 4236 Views

GST Amendment Bill of 28% on Online Gaming Gets Cabinet Approval

10 August 2023 at 09:00

The Union Cabinet has approved the bill to amend the GST rate to 28% on online gaming, casinos, and horse racing in India. The bill will be presented in the ongoing monsoon Parliament Session and is expected to be enforced by October 1.

Posted in GST | 2262 Views

ICICI Lombard gets Rs 273 Crore GST Notice on Motor Insurance Settlements

10 August 2023 at 08:59

ICICI Lombard General Insurance has received a tax demand notice from the Directorate General of GST Intelligence for a sum of ₹273.44 crore.

Posted in GST | 2436 Views

Minister of State, Shri Pankaj Chaudhary Provides Insights into Queries on GST Portal Glitch

09 August 2023 at 08:58

The Minister of State for Finance, Shri Pankaj Chaudhary, assured taxpayers that the government is committed to providing a smooth and reliable GST portal.

Posted in GST | 3102 Views