GST News

Rising GST Collections Linked to Improved Compliance, Reveals CBIC Chief

30 September 2023 at 09:01

In a significant development, the Chief of the CBIC, Sanjay Kumar Agarwal, attributed the recent surge in monthly Goods and Services Tax (GST) collections to a marked improvement in compliance among businesses.

Posted in GST | 3519 Views

Infosys Faces GST Demand of Rs 37.75 Lakh including Interest and Penalties

30 September 2023 at 09:00

In a recent regulatory disclosure, Infosys has confirmed that it has received a demand order from tax authorities, which includes the collection of Goods and Services Tax (GST), along with interest and penalties.

Posted in GST | 10266 Views

Digital Giants and Edtech Firms Set to Face 18% IGST Starting 1st Oct 2023

30 September 2023 at 08:58

In a significant development for the digital landscape in India, prominent companies like Google, Facebook, and X (formerly Twitter) are bracing themselves for a significant change in tax policy.

Posted in GST | 7026 Views

CBIC Set to Roll Out 28% GST on Online Gaming, Casinos and Horse Racing from 1st Oct 2023

29 September 2023 at 08:57

The Central Board of Indirect Taxes and Customs (CBIC) is gearing up to implement clarificatory laws related to a uniform Goods and Services Tax (GST) rate of 28 percent on online money gaming, casinos, and horse racing starting from October 1, 2023.

Posted in GST | 5787 Views

ICICI Lombard Faces Over Rs 1728 Crore Tax Demand Notice Over GST Non-Payment

28 September 2023 at 14:22

ICICI Lombard General Insurance Company Ltd. has received a show cause notice from the Directorate General of GST Intelligence (DGGI) regarding non-payment of a tax demand of ₹1,728.90 crore.

Posted in GST | 7338 Views

GST Council's 52nd Meeting: Reviewing Tax Amendments in Online Gaming and Casinos

28 September 2023 at 08:51

The GST Council is scheduled to hold its 52nd meeting on October 7, 2023, at Vigyan Bhawan, New Delhi.

Posted in GST | 5646 Views

GSTN Advisory: Temporary Pause in Auto e-Invoice Population to GSTR-1

27 September 2023 at 17:11

GSTN wishes to inform you that the auto population of e-Invoice in GSTR-1 is temporarily halted due to essential system upgrades, which will involve the implementation of e-Invoice JSON download functionality.

Posted in GST | 5235 Views

Dream11 Challenges Rs 40,000 Crore GST Evasion Claim in Bombay High Court

27 September 2023 at 11:44

Dream11, led by Harsh Jain, has joined the growing list of gaming startups taking legal action against tax authorities over alleged GST evasion.

Posted in GST | 13110 Views

New GST Supplier Rating Database Set to Transform Indian Business Landscape

27 September 2023 at 08:49

The Indian government is working on the development of a database that will rank suppliers based on their Goods and Services Tax (GST) compliance track record, credit history, transaction and supply history, and any past defaults.

Posted in GST | 1 comments | 5859 Views

Mumbai GST Department Exposes Massive Rs 150 Crore Scam Involving Shell Companies

27 September 2023 at 08:47

This situation highlights a significant case of corruption and fraud within the GST department in Mumbai, with allegations of involvement by multiple officials...

Posted in GST | 7374 Views