GST News

GSTN Issues Advisory on Difference in Value of Table 8A and 8C of Annual Returns FY 23-24

10 December 2024 at 09:04

As per Notification No 12/2024 Central Tax dated 10th July 2024 read with Notification No.20/2024-Central Tax Dated 8th October 2024, for FY 2023-24 onwards, the total credit available for inwards supplies shall be auto-populated

Posted in GST | 3870 Views

Farmer Union Demands GST Exemption and Doubling of PM-Kisan Benefits Ahead of Budget 2025-26

09 December 2024 at 09:06

In a pre-budget consultation meeting with Finance Minister Nirmala Sitharaman on Saturday, the Bharatiya Kisan Union (BKU) (Apolitical) presented a series of demands aimed at alleviating the challenges faced by farmers.

Posted in GST | 1755 Views

Biometric Aadhaar Authentication Now Mandatory for GST Registration in Haryana, Manipur, Meghalaya & Tripura

09 December 2024 at 09:01

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Haryana, Manipur, Meghalaya and Tripura

Posted in GST | 513 Views

Aerated Beverage Industry Opposes GST Hike, Cites Growth Challenges

07 December 2024 at 09:06

The Indian Beverage Association (IBA) has raised concerns over the current 40% GST levied on aerated beverages, calling it a significant bottleneck for the industry's growth.

Posted in GST | 1590 Views

Apparel Industry Opposes Proposed GST Hike by GoM, Warns of Growth Setbacks

07 December 2024 at 08:59

As the GST Council prepares to deliberate on recommendations from the Group of Ministers (GoM) on rate rationalization, the proposed hike in GST rates on readymade garments has stirred significant apprehension within the apparel industry.

Posted in GST | 1965 Views

61 Kg Silver Seized in Jharkhand, GST Evasion Probe Underway

07 December 2024 at 08:59

The Government Railway Police (GRP) in Rourkela has seized approximately 61 kilograms of silver from a Jharkhand man, triggering a State GST inquiry into potential tax evasion.

Posted in GST | 459 Views

Rajkot Businessman Arrested for Alleged Rs 186 Crore GST Scam

07 December 2024 at 08:58

The Goods and Services Tax (GST) department has arrested Pragnesh Kantaria, the alleged mastermind behind a massive ₹186 crore GST scam.

Posted in GST | 1332 Views

CBIC Amends Circular on Adjudication of DGGI Cases Under GST

05 December 2024 at 09:09

The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 239/33/2024-GST, dated December 4, 2024, revising key provisions regarding the adjudication of show cause notices issued by officers of the DGGI.

Posted in GST | 2034 Views

CBIC Announces Central Excise (Amendment) Rules, 2024

05 December 2024 at 09:08

In a significant update, the Ministry of Finance issued Notification No. 01/2024-Central Excise (N.T.) on December 3, 2024, amending key provisions of the Central Excise Rules, 2017.

Posted in GST | 1545 Views

GST Evasion Cases in Gujarat: Over 12800 Cases Booked, 101 Arrests in 4 Years

05 December 2024 at 09:06

Central tax authorities have intensified efforts to combat Goods and Services Tax (GST) evasion in Gujarat, with Finance Minister Nirmala Sitharaman revealing significant enforcement actions in the Rajya Sabha on Tuesday.

Posted in GST | 483 Views