GST News
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.
GSTN Advisory: Ensure Business Continuity with e-Invoice & e-Waybill Redundancies
25 January 2025 at 08:57Advisory on Business Continuity for e-Invoice and e-Waybill Systems
CBIC Issues Key Notification to Strengthen Central Excise and Service Tax Jurisdiction
24 January 2025 at 09:23In a significant move to streamline the administration of indirect taxes, the CBIC issued Notification No. 01/2025-Central Excise (N.T.), designating and empowering specific Central Excise Officers with enhanced jurisdiction and authority.
CBIC Waives Late Fees for Filing GSTR-9C for FY 2017-18 to FY 2022-23
24 January 2025 at 09:17The Ministry of Finance waives late fees for delayed filing of GSTR-9C reconciliation statements for FY 2017-18 to FY 2022-23, if filed by March 31, 2025. Learn more about the relief for taxpayers.
CBIC Amends GST Rules to Enhance Compliance for Composition Taxpayers via FORM GST CMP-02
24 January 2025 at 09:14CBIC introduces amendments to GST Rules, 2025, enabling composition taxpayers to furnish key information in FORM GST CMP-02. These changes aim to simplify compliance and improve transparency in the GST framework.
CBIC Introduces Temporary Identification Number in GST Rules 2025
24 January 2025 at 09:12The Central Board of Indirect Taxes and Customs (CBIC) has amended GST Rules, 2025, introducing a Temporary Identification Number (TIN) for individuals or entities not liable for GST registration but required to make payments under the Act.
GSTN Resolves Duplicate Entry Issue in GSTR-2B: Advisory for Taxpayers Filing GSTR-3B
23 January 2025 at 09:12The Goods and Services Tax Network (GSTN) has addressed and resolved an issue concerning duplicate entries in GSTR-2B for certain taxpayers. A corrected GSTR-2B has now been generated.
GSTN Rolls Out Phase-III Changes to Table 12 of GSTR-1 & GSTR-1A Effective February 2025
23 January 2025 at 09:09Implementation of mandatory mentioning of HSN codes in GSTR-1 & GSTR 1AAfter successful implementation of Phase-I & Phase-II now Phase-III regarding Table 12 of GSTR-1 & 1A is being implemented, from return period February 2025.
DGGI Busts Rs 11 Crore GST Input Tax Credit Fraud
20 January 2025 at 08:48In a significant breakthrough, the Directorate General of GST Intelligence (DGGI), Bhubaneswar Zone, has unearthed a massive GST fraud involving bogus input tax credit (ITC) transactions worth Rs 11 crore.
US-India Tax Forum Proposes Key Tax Reforms Ahead of Union Budget 2025
18 January 2025 at 07:55Ahead of the Union Budget 2025, the US-India Tax Forum, under the US-India Strategic Partnership Forum (USISPF), has put forth recommendations aimed at simplifying India's tax framework and boosting investor confidence.
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