GST News

CBIC Uncovers Rs 26,543 Crore GST Evasion in Nationwide Drive Against Fake ITC

20 December 2024 at 09:07

In a sweeping crackdown on GST evasion, the Central Board of Indirect Taxes and Customs (CBIC) has unearthed fraud amounting to Rs 26,543 crore during its second nationwide operation against fake input tax credit (ITC).

Posted in GST | 2232 Views

Indian Gaming Industry Faces February 2025 Deadline for GST Tax Demands on Betting

20 December 2024 at 09:06

The Indian online gaming industry faces a pivotal moment as tax authorities prepare to finalize Goods and Services Tax (GST) demands by February 5, 2025, based on pending show-cause notices (SCNs).

Posted in GST | 807 Views

CAG Flags Revenue Loss of Rs 18,509.8 Crore Due to Tax Errors and Evasion

20 December 2024 at 09:02

The Comptroller and Auditor General (CAG) of India, in its latest report tabled in Parliament, highlighted widespread lapses in income tax assessments and GST compliance, causing a potential revenue loss of Rs 18,509.8 crore.

Posted in GST | 2103 Views

CBIC Chairman launches new initiatives to enhance taxpayer services

19 December 2024 at 09:00

CBIC Chairman Shri Sanjay Kumar Agarwal, in presence of Members of the Board, launches new initiatives to enhance taxpayer services

Posted in GST | 1179 Views

55th GST Council Meeting: Possible GST Relief on Food Delivery Charges

19 December 2024 at 08:52

The 55th GST Council meeting, scheduled to take place on December 21 in Jaisalmer, Rajasthan, could bring significant relief to consumers ordering food via e-commerce platforms.

Posted in GST | 2055 Views

GSTN Issues Advisory for Entry of RR No./eT-RRs in EWB system Post EWB-FOIS Integration

19 December 2024 at 08:48

Guidance for Accurate Entry of RR No./eT-RRs following the Integration of E-Way Bill (EWB) with Freight Operation Information System (FOIS) system of Indian Railways.

Posted in GST | 2256 Views

Kerala Govt Notifies GST Payment Timeline and Rates Under Finance Act, 2024

18 December 2024 at 09:15

The Kerala government has issued a notification under the Kerala Finance Act, 2024, specifying rates and timelines for settling tax arrears and disputes.

Posted in GST | 576 Views

GST Exemption Clarification for Payment Gateways and Aggregators Expected Soon

18 December 2024 at 09:14

The GST Fitment Committee has clarified the scope of tax exemptions for fintech service providers under entry 34 of Notification No. 12/2017-Central Tax (Rate).

Posted in GST | 801 Views

GSTN Issues Advisory on Updates to E-Way Bill and E-Invoice Systems

18 December 2024 at 09:12

GSTN is pleased to announce that NIC will be rolling out updated versions of the E-Way Bill and E-Invoice Systems effective from 1st January 2025.

Posted in GST | 8376 Views

DGGI Arrests Four in Rs 293 Crore Fake ITC Scam Across Multiple States

17 December 2024 at 09:10

In a significant crackdown on tax evasion, the DGGI, Visakhapatnam Zonal Unit, has arrested four individuals, including a resident of Proddatur in YSR Kadapa district, for orchestrating a Rs 293 crore GST fraud

Posted in GST | 756 Views