GST News

Rajkot Businessman Arrested for Alleged Rs 186 Crore GST Scam

07 December 2024 at 08:58

The Goods and Services Tax (GST) department has arrested Pragnesh Kantaria, the alleged mastermind behind a massive ₹186 crore GST scam.

Posted in GST | 1149 Views

CBIC Amends Circular on Adjudication of DGGI Cases Under GST

05 December 2024 at 09:09

The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 239/33/2024-GST, dated December 4, 2024, revising key provisions regarding the adjudication of show cause notices issued by officers of the DGGI.

Posted in GST | 1914 Views

CBIC Announces Central Excise (Amendment) Rules, 2024

05 December 2024 at 09:08

In a significant update, the Ministry of Finance issued Notification No. 01/2024-Central Excise (N.T.) on December 3, 2024, amending key provisions of the Central Excise Rules, 2017.

Posted in GST | 1518 Views

GST Evasion Cases in Gujarat: Over 12800 Cases Booked, 101 Arrests in 4 Years

05 December 2024 at 09:06

Central tax authorities have intensified efforts to combat Goods and Services Tax (GST) evasion in Gujarat, with Finance Minister Nirmala Sitharaman revealing significant enforcement actions in the Rajya Sabha on Tuesday.

Posted in GST | 435 Views

GSTN Issues Advisory on Mandatory Sequential Filing of GSTR-7 Returns

05 December 2024 at 09:04

Advisory on Mandatory Sequential Filing of GSTR-7 Returns as per Notification No. 17/2024

Posted in GST | 2319 Views

CBIC Clarifies: Media Reports on GST Rate Changes Are Premature and Speculative

04 December 2024 at 09:03

GST Council has neither received nor deliberated on any recommendations from the GoM. Until the GoM submits its report, and the Council discusses and makes decisions, any reports regarding GST rate changes remain speculative and without an official basis.

Posted in GST | 2055 Views

FM Sitharaman Signals Possible GST Reduction on Life and Health Insurance Premiums

04 December 2024 at 08:49

Finance Minister Nirmala Sitharaman has suggested that a reduction in the GST on life and health insurance premiums could lead to lower costs for policyholders.

Posted in GST | 2175 Views

75% of GST Revenue Comes from 18% Slab, Reveals MoS Finance

04 December 2024 at 08:46

In the fiscal year 2023-24, approximately 70-75% of GST revenues were generated from the 18% tax slab, while the 12% slab contributed just 5-6% of the total collection.

Posted in GST | 1311 Views

Central Tax Officials Uncover Rs 824 Crore GST Evasion by Cryptocurrency Exchanges

04 December 2024 at 08:45

Central tax officials have uncovered goods and services tax (GST) evasion amounting to ₹824.14 crore across 17 cryptocurrency exchanges, Minister of State for Finance Pankaj Chaudhary informed the Lok Sabha on December 2.

Posted in GST | 438 Views