GST News
Finance Bill 2025 May Amend CGST Act to Introduce Track and Trace Mechanism for High-Evasion Goods
31 January 2025 at 09:13The upcoming Finance Bill 2025 may include a significant amendment to the Central Goods and Services Tax (CGST) Act, 2017, introducing a Track and Trace Mechanism aimed at curbing tax evasion in high-risk commodities.
GSTN Update: Taxpayers Can Opt for Composition Scheme for FY 2025-26 from 4th Feb to 31st March 2025
30 January 2025 at 09:17The Goods and Services Tax Network (GSTN) has announced that taxpayers can opt for the Composition Scheme for the financial year 2025-26 by filing Form CMP-02 on the GST Portal.
55th GST Council Meeting: Key Clarifications and Regularizations Announced
29 January 2025 at 09:11The 55th GST Council meeting, held on December 21, 2024, in Jaisalmer, has introduced crucial clarifications and regularizations to streamline tax compliance and provide relief to various sectors.
GST Clarification on Co-Insurance and Reinsurance Commission
29 January 2025 at 09:11The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 244/01/2025-GST on January 28, 2025, clarifying the GST treatment on co-insurance and reinsurance transactions, based on the 53rd GST Council meeting held on June 22, 2024
Kerala GST Department Issues Circular to Streamline Notices Under Sections 73 and 74
29 January 2025 at 08:50In a bid to ensure uniformity and ease of implementation, the Kerala GST Department has issued Circular No. 3/2025-Kerala SGST dated January 20, 2025.
Biometric Aadhaar Authentication Mandatory for GST Registration in Tamil Nadu & Himachal Pradesh
29 January 2025 at 08:49Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Tamil Nadu and Himachal Pradesh
GST Portal Activates LUT Filing for FY 2025-26: Ensure Seamless Exports Without IGST
28 January 2025 at 08:37The GST Portal has now enabled the functionality to file the Letter of Undertaking (LUT) for the Financial Year 2025-26.
GSTN Defers Hard-Locking of Auto-Populated Liability in GSTR-3B
28 January 2025 at 08:37The GST Network (GSTN) had issued an advisory on October 17, 2024, regarding the planned implementation of non-editable auto-populated liability in GSTR-3B starting from the January 2025 tax period.
GSTN Advisory: Introduction of E-Way Bill for Gold in Kerala Effective 20th Jan 2025
28 January 2025 at 08:37To enhance compliance and streamline the intrastate movement of gold, the GST Network (GSTN) has introduced a dedicated option for generating E-Way Bills (EWB) for gold in Kerala.
CBIC cautions against fraudsters issuing fake and fraudulent Summons for GST violations
25 January 2025 at 09:13It has been recently observed that some individuals with fraudulent intent are creating and sending fake summons to the taxpayers who may or may not be under investigation by the DGGI, CBIC.
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Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT
CA Deepak Gupta26 April 2025
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