GST News

GST e-invoice system incorporates new validations for all B2B transactions

31 January 2023 at 08:40

GST e-invoice System has issued an Update dated January 30, 2023 on new validations incorporated for all B2B transactions, selection of PoS State Code as '96-Other Country' is enabled for HSN related to Services by way of transportation of goods.

Posted in GST | 11256 Views

4 persons arrested for Rs 48 crore GST fraud in Jalandhar

31 January 2023 at 08:39

In a major operation against tax evaders, the GST wing of the Taxation Department, Punjab, on Monday arrested four persons for a fraud of Rs 48 crore from Jalandhar.

Posted in GST | 6234 Views

UP street vendor charged with Rs 366 crore GST fraud

30 January 2023 at 08:32

UP street vendor who makes ends meet by selling clothes on the streets of Muzaffarnagar with a turnover of roughly Rs 500 per day was shocked to find GST officials knocking on his door and charged with amassing Rs 366 crore through tax fraud.

Posted in GST | 3369 Views

GST Portal will soon allow negative values in Table 4 of GSTR-3B

28 January 2023 at 08:39

GSTN will soon allow negative values in Table 4 of GSTR-3B, allowing users to show the net off credit notes values in Table 4A which will make Table 8 of the GSTR-9 comparison consistent as per the Release Notes.

Posted in GST | 10002 Views

Launch of New GST Reports in ADVAIT

25 January 2023 at 08:39

The Directorate General of Systems & Data Management has issued an Update dated January 05, 2023 regarding the launch of New GST Reports in the Advanced Analytics in Indirect Taxation ("ADVAIT").

Posted in GST | 11712 Views

GST to set up 5 forensic laboratories to counter digital savvy evaders

23 January 2023 at 08:36

CBIC has got approval for setting up five inhouse digital forensic laboratories in Directorate General of GST intelligence. This inhouse mechanism aims to facilitate investigation in tax evasion.

Posted in GST | 4212 Views

End of GST compensation to jolt six states most, says RBI

20 January 2023 at 08:44

The economies of half-a-dozen states are set to be "most severely affected" because of the termination of the goods and services tax compensation programme in June last year, a Reserve Bank of India report on state finances said.

Posted in GST | 5607 Views

GST Portal issues advisory on taxpayers facing issue in filing GSTR-3B

17 January 2023 at 08:36

According to Hon'ble Supreme Court’s directive filing of TRAN forms was made available for aggrieved taxpayers during 01.10.2022 to 30.11.2022.

Posted in GST | 10956 Views

Advisory on facility of 'Initiating Drop Proceedings' of Suspended GSTINs due to Non-filing of Returns

17 January 2023 at 08:33

Recently, a functionality of "Automated Drop Proceedings" of GSTINs suspended due to non-filing of returns has been implemented on the GST Portal.

Posted in GST | 6960 Views

GST not payable on Govt incentive to banks for promoting low value BHIM-UPI transactions

16 January 2023 at 07:48

Incentives paid by the government to banks for promoting RuPay debit cards and low-value BHIM-UPI transactions will not attract GST, the Finance Ministry said.

Posted in GST | 5322 Views