GST News

28% GST on Online Gaming, Review Slated for 6 Months

04 August 2023 at 08:40

As of October 1, a 28 percent tax will be imposed on the full face value of bets placed on online games

Posted in GST | 5244 Views

Key Highlights of 51st GST Council Meeting

03 August 2023 at 08:49

Recommendations of 51st GST Council Meeting

Posted in GST | 11022 Views

GSTN issues advisory on E-Invoice - Services Offered by the Four New IRPs

03 August 2023 at 08:49

Advisory on E-Invoice - Services Offered by the Four New IRPs

Posted in GST | 18582 Views

CBIC Exempts Small Taxpayers with AATO up to 2 Crore from GSTR-9 Filing for FY 2022-23

02 August 2023 at 08:53

CBIC Notifies GSTR-9 Filing Exemption for FY 2022-23 for Small Taxpayers with AATO up to 2 Crore.

Posted in GST | 10359 Views

GST Council's 50th Meeting clarifies applicability of GST on certain services

02 August 2023 at 08:53

CBIC vide Circular No. 201/13/2023-GST dated August 01, 2023 has issued clarifications regarding the applicability of GST on certain services based on the recommendations of the GST Council in its 50th meeting held on July 11, 2023.

Posted in GST | 4089 Views

GST Council's 50th Meeting Clarifies Goods Classification and Rates

02 August 2023 at 08:52

The CBIC vide Circular No. 200/12/2023-GST dated August 01, 2023 has issued clarification regarding GST rates and classification of certain goods based on the recommendations of the GST Council in its 50th meeting held on July 11, 2023.

Posted in GST | 4119 Views

July 2023 GST Collection Smashes Records at Rs. 1,65,105 Crore, Surges 11% YoY

02 August 2023 at 08:51

₹1,65,105 crore gross GST revenue collected for July 2023; records 11% Year-on-Year growth

Posted in GST | 4284 Views

Massive GST Evasion Unearthed: Rs 14,302 Crore Detected in April-May 2023

01 August 2023 at 14:22

In a written reply to the Lok Sabha on Monday, Finance Minister Nirmala Sitharaman said that GST evasion of Rs 14,302 crore was detected in the first two months of the current fiscal year, April-May 2023.

Posted in GST | 2958 Views

Final Extension of 2FA for Large Taxpayers until 20th Aug 2023

01 August 2023 at 08:52

The Mandatory 2 Factor Authentication (2FA) requirement for taxpayers with an Aggregate Annual Turnover (AATO) above 100 Crores has been extended until August 20, 2023

Posted in GST | 9045 Views

Over 4 Lakh Businesses to Issue E-invoices from 1st Aug 2023

01 August 2023 at 08:50

As of August 1, there will be a significant change in the mandatory e-invoicing requirements in India. The aggregate annual turnover threshold for issuing e-invoices will be lowered from ₹10 crore to ₹5 crore.

Posted in GST | 11289 Views