GST News

Lavish Indian Weddings Under Income Tax Scanner for Unaccounted Cash Use

23 December 2024 at 09:15

Extravagant Weddings Under ScrutinyLavish Indian weddings, often featuring Bollywood celebrities and elaborate arrangements costing crores, are now a target for the Income Tax department.

Posted in GST | 642 Views

55th GST Council Meeting: Key Highlights

22 December 2024 at 12:32

Recommendations of the 55th Meeting of the GST Council

Posted in GST | 10266 Views

55th GST Council Meet to Review Rate Rationalisation and Taxability of Delivery Apps

21 December 2024 at 07:07

The GST Council, chaired by Union Finance Minister Nirmala Sitharaman, is set to address several critical issues in its meeting scheduled for December 21, 2024, in Jaisalmer.

Posted in GST | 1047 Views

Maharashtra Govt Launches GST Amnesty Scheme, Waives Rs 27,000 Crore in Interest and Penalties

21 December 2024 at 07:07

The Maharashtra government has announced a GST Amnesty Scheme to waive interest and penalties on pending liabilities for the fiscal years 2017 to 2020.

Posted in GST | 2973 Views

CBIC Uncovers Rs 26,543 Crore GST Evasion in Nationwide Drive Against Fake ITC

20 December 2024 at 09:07

In a sweeping crackdown on GST evasion, the Central Board of Indirect Taxes and Customs (CBIC) has unearthed fraud amounting to Rs 26,543 crore during its second nationwide operation against fake input tax credit (ITC).

Posted in GST | 2133 Views

Indian Gaming Industry Faces February 2025 Deadline for GST Tax Demands on Betting

20 December 2024 at 09:06

The Indian online gaming industry faces a pivotal moment as tax authorities prepare to finalize Goods and Services Tax (GST) demands by February 5, 2025, based on pending show-cause notices (SCNs).

Posted in GST | 1 comments | 750 Views

CAG Flags Revenue Loss of Rs 18,509.8 Crore Due to Tax Errors and Evasion

20 December 2024 at 09:02

The Comptroller and Auditor General (CAG) of India, in its latest report tabled in Parliament, highlighted widespread lapses in income tax assessments and GST compliance, causing a potential revenue loss of Rs 18,509.8 crore.

Posted in GST | 1926 Views

CBIC Chairman launches new initiatives to enhance taxpayer services

19 December 2024 at 09:00

CBIC Chairman Shri Sanjay Kumar Agarwal, in presence of Members of the Board, launches new initiatives to enhance taxpayer services

Posted in GST | 1107 Views

55th GST Council Meeting: Possible GST Relief on Food Delivery Charges

19 December 2024 at 08:52

The 55th GST Council meeting, scheduled to take place on December 21 in Jaisalmer, Rajasthan, could bring significant relief to consumers ordering food via e-commerce platforms.

Posted in GST | 1995 Views

GSTN Issues Advisory for Entry of RR No./eT-RRs in EWB system Post EWB-FOIS Integration

19 December 2024 at 08:48

Guidance for Accurate Entry of RR No./eT-RRs following the Integration of E-Way Bill (EWB) with Freight Operation Information System (FOIS) system of Indian Railways.

Posted in GST | 2214 Views