GST News

GST authority arrests 4 in separate cases of tax evasion

09 August 2022 at 08:43

The Goods and Services Tax (GST) authority arrested four people last week in separate cases of tax evasion worth ₹52 crore and ₹78 crore as part of its drive against fake invoices, a Union finance ministry spokesperson said on Monday.

Posted in GST | 6081 Views

Clarification regarding no imposition of GST on 'Sarais' run by religious/charitable trusts

05 August 2022 at 08:32

Certain sections of the media and social media are spreading the message that GST has recently been imposed with effect from 18 July, 2022 even on 'Sarais' run by religious/charitable trusts. This is not true.

Posted in GST | 4284 Views

Clarification regarding GST rates & classification of goods based on recommendations of 47th GST Council Meeting

04 August 2022 at 08:47

Clarification regarding GST rates & classification (goods) based on the recommendations of the GST Council in its 47th meeting held on 28th – 29th June, 2022 at Chandigarh

Posted in GST | 6618 Views

CGST officials arrest one for fraudulently availing ITC of more than Rs 8 crore

04 August 2022 at 08:47

On the basis of an alert, an investigation against M/s Niyati Steels has been undertaken by CGST Delhi West Commissionerate.

Posted in GST | 2097 Views

No GST on Withdrawal Of Cash From Banks

03 August 2022 at 08:48

There is no GST on withdrawal of cash from banks, said Finance Minister Sitharaman on Tuesday.

Posted in GST | 6084 Views

GSTN introduces Single Click NIL filing of GSTR-1

02 August 2022 at 17:39

Single click Nil filing of GSTR-1 has been introduced on the GSTN portal to improve the user experience and performance of GSTR-1/IFF filing.

Posted in GST | 3 comments | 9048 Views

E-invoicing limit reduced from existing Rs. 20 crore to Rs. 10 crore w.e.f. 1st October 2022

02 August 2022 at 08:43

In the said notification, in the first paragraph, with effect from the 1st day of October, 2022, for the words "twenty crore rupees", the words "ten crore rupees" shall be substituted.

Posted in GST | 2 comments | 10851 Views

GST Revenue collection for July second highest ever at Rs. 1.49 lakh crore

01 August 2022 at 14:04

GST Revenue collection for July second highest ever & 28% higher than the revenues in the same month last year

Posted in GST | 3423 Views

Scientists criticise GST hike on scientific equipment in India

25 July 2022 at 08:28

Several scientists have expressed displeasure with the Centre's recent decision to increase Goods and Services Tax (GST) rates on scientific equipment.

Posted in GST | 2952 Views