GST News

Kerala Govt Notifies GST Payment Timeline and Rates Under Finance Act, 2024

18 December 2024 at 09:15

The Kerala government has issued a notification under the Kerala Finance Act, 2024, specifying rates and timelines for settling tax arrears and disputes.

Posted in GST | 525 Views

GST Exemption Clarification for Payment Gateways and Aggregators Expected Soon

18 December 2024 at 09:14

The GST Fitment Committee has clarified the scope of tax exemptions for fintech service providers under entry 34 of Notification No. 12/2017-Central Tax (Rate).

Posted in GST | 672 Views

GSTN Issues Advisory on Updates to E-Way Bill and E-Invoice Systems

18 December 2024 at 09:12

GSTN is pleased to announce that NIC will be rolling out updated versions of the E-Way Bill and E-Invoice Systems effective from 1st January 2025.

Posted in GST | 8223 Views

DGGI Arrests Four in Rs 293 Crore Fake ITC Scam Across Multiple States

17 December 2024 at 09:10

In a significant crackdown on tax evasion, the DGGI, Visakhapatnam Zonal Unit, has arrested four individuals, including a resident of Proddatur in YSR Kadapa district, for orchestrating a Rs 293 crore GST fraud

Posted in GST | 648 Views

CAG Report Flags Rs 755.49 Crore GST Revenue Loss in Commercial Tax Department

16 December 2024 at 09:11

A Comptroller and Auditor General (CAG) report tabled in the Assembly on Thursday has highlighted significant revenue lapses within the Goods and Services Tax (GST) and Stamps and Registrations Departments.

Posted in GST | 2 comments | 13476 Views

GST Registration Advisory: Biometric Aadhaar Authentication and Document Verification Rolled Out in Chhattisgarh, Goa & Mizoram

16 December 2024 at 09:01

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Chhattisgarh, Goa and Mizoram

Posted in GST | 306 Views

Retailers Oppose 35% GST Slab, Urge Finance Minister and Council to Reconsider

14 December 2024 at 09:11

The Indian Sellers Collective, a coalition of trade associations and sellers across India, has strongly opposed the proposal for a fifth GST slab with a 35% rate on demerit goods like aerated beverages, cigarettes, and tobacco.

Posted in GST | 1569 Views

West Bengal Passes GST Amendment Bill 2024 Aligned with Council Recommendations

14 December 2024 at 09:10

West Bengal Finance Minister Chandrima Bhattacharya on Wednesday presented the West Bengal Goods and Services Tax (Amendment) Bill, 2024, aligning the state’s GST framework with recommendations ratified by the GST Council.

Posted in GST | 483 Views

States Express Mixed Reactions to Proposed GST Rate Rationalisation Ahead of 55th GST Council Meeting

13 December 2024 at 06:25

The GoM tasked with GST rate rationalisation has presented proposals that have elicited a mixed response from states, with many expressing concerns about the timing and economic implications of the changes.

Posted in GST | 519 Views

Payment Gateways Push for GST Waiver on Small-Value Transactions

13 December 2024 at 06:25

Ahead of the GST Council meeting on December 21, payment gateway operators have submitted representations to the finance ministry opposing the proposed 18% GST on commissions earned on digital payments below ₹2,000.

Posted in GST | 588 Views