GST News

FM Nirmala Sitharaman inaugurates GST Bhawan at Agartala

22 July 2023 at 08:50

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman inaugurated the ‘GST Bhawan’, a project for CGST, CX and Customs Office, Agartala, Guwahati Zone under CBIC, at Agartala, Tripura.

Posted in GST | 3633 Views

Online Gaming Companies Awaiting Clarity on GST Rules

21 July 2023 at 08:48

Online gaming companies in India are awaiting clarity on the issue of repetitive taxation. The GST Council has announced a 28% GST on the turnover of online gaming companies, casinos, and horse racing companies.

Posted in GST | 3339 Views

HDFC Life, Bajaj Allianz among 15 insurance companies found to evade Rs 2350 crore GST

20 July 2023 at 14:54

According to a report, 15 insurance companies, including HDFC Life Insurance, Bajaj Allianz, and Aditya Birla Sun Life Insurance, have been found to evade Rs 2,350 crore of goods and services tax (GST).

Posted in GST | 14142 Views

Fake GST Inspector Held for Cheating Jeweller of Rs 6 Crore

20 July 2023 at 08:51

A 42-year-old man has been arrested in Delhi for cheating a jeweller of Rs 6 crore by posing as a GST inspector.

Posted in GST | 4620 Views

Clarification on Interest Charges for Wrong Availment of IGST Credit u/s 50(3) of CGST Act

18 July 2023 at 08:54

CBIC vide Circular No. 192/04/2023-GST dated July 17, 2023 has issued clarification on charging of interest under section 50(3) of the CGST Act, 2017, in cases of wrong availment of IGST credit and reversal thereof.

Posted in GST | 15084 Views

Clarification on Holding Company's Taxability of Subsidiary Shares

18 July 2023 at 08:53

CBIC vide Circular No. 196/08/2023-GST dated July 17, 2023 has issued a clarification on the taxability of shares held in a subsidiary company by the holding company.

Posted in GST | 4368 Views

CBIC clarifies various issues relating to GST refunds

18 July 2023 at 08:52

CBIC vide Circular No. 197/09/2023- GST dated July 17, 2023 has issued clarification on various issues relating to GST refunds.

Posted in GST | 8436 Views

Tax Clarification: Services between Distinct Offices of Same Organization in Different States

18 July 2023 at 08:51

Clarification regarding the taxability of services provided by an office of an organisation in one State to the office of that organisation in another State, both being distinct persons.

Posted in GST | 3582 Views

Amnesty schemes for non-filers of GSTR-4, GSTR-9 & GSTR-10 extended till 31st Aug 2023

18 July 2023 at 08:49

Various amnesty schemes for non-filers of GSTR-4, GSTR-9 & GSTR-10 have been extended till August 31, 2023. The original deadline for these schemes was June 30, 2023.

Posted in GST | 11631 Views

Gaming Companies and Associations Urge Centre to Re-evaluate 28% GST Rate

17 July 2023 at 08:46

Over 130 online gaming companies and industry associations have written to the Centre urging it to reconsider the 28% GST on the full face value for online gaming

Posted in GST | 8493 Views