GST News

Exporters call on FM Sitharaman to extend GST exemption on export freight

04 October 2022 at 07:39

Led by the Federation of Indian Export Organizations (FIEO), India's worried exporters have written to Finance Minister Nirmala Sitharaman requesting an extension of the previously-granted exemption from the Goods and Services Tax (GST) on export freight.

Posted in GST | 4755 Views

GSTN issues advisory on re-opening of TRAN forms to claim transitional ITC

01 October 2022 at 16:22

In compliance of the Hon'ble court's directive, the facility for filing TRAN-1/ TRAN-2 or revising the earlier filed TRAN-1/TRAN-2 on the GST common portal by aggrieved taxpayers, is now available on GSTN from 01.10.2022 till 30.11.2022.

Posted in GST | 5238 Views

GST collection rises 26% to over Rs. 1.47 lakh crore in Sept 2022

01 October 2022 at 15:37

The revenues for the month of September 2022 are 26% higher than the GST revenues in the same month last year.

Posted in GST | 2220 Views

Benefit of extended time limit to avail ITC till 30th Nov is applicable for FY 2021-2022 as well

01 October 2022 at 08:40

CBIC helpdesk clarifies that benefit of extended time limit to avail ITC till 30th Nov is applicable for FY 2021-2022 as well

Posted in GST | 9072 Views

GST fraud worth Rs 824 crore by 15 insurance companies detected

30 September 2022 at 08:49

The Mumbai branch of the Directorate General of Goods and Services Tax (GST) Intelligence has detected tax evasion of ₹824 crore by 15 insurance companies, intermediary marketing companies and multiple non-banking finance companies.

Posted in GST | 4683 Views

CGST (Second Amendment) Rules 2022 to come into force w.e.f. 1st October 2022

29 September 2022 at 10:30

Central Govemment, on the recommendations of the Council, hereby makes rules further to amend the Central Goods and Services Tax Rules, 2017

Posted in GST | 13647 Views

CBIC extends the time limit for claiming ITC to 30th Nov

29 September 2022 at 08:50

Central Government appoints the 1st day of October, 2022, as the date on which the provisions of sections 100 to 114, except clause (c) of section 110 and section 111, of the said Act shall come into force

Posted in GST | 8 comments | 17739 Views

Punjab Cabinet gave approval for amending state GST law

28 September 2022 at 08:33

The Punjab Cabinet on Monday gave the approval to amend the Punjab Goods and Services Tax Act, 2017, to enable ease of doing business in the state and facilitating the taxpayers.

Posted in GST | 1 comments | 3996 Views

GST collections in September may touch Rs. 1.5 lakh crore

27 September 2022 at 08:35

Goods and Services Tax (GST) collections in September, reflecting actual business transactions for the previous month, may come close to the Rs. 1.50 lakh crore mark with a record 78.21 million e-way bills being generated in the month of August

Posted in GST | 3150 Views

CGST Mumbai Zone busts case of non-payment of GST and fraud ITC availment

26 September 2022 at 08:28

The Bhiwandi Commissionerate of Central Goods and Service Tax (CGST) on Saturday busted a case of non payment of GST and fraudulent availment of ITC that amounted to Rs 78 crore.

Posted in GST | 2649 Views