GST News

E-commerce minnows face heat in fake GST registration crackdown

24 May 2023 at 08:40

Small businesses that sell goods through e-commerce platforms fear a recently launched drive against fake GST registrations could hit them hard because many of them run operations

Posted in GST | 3348 Views

GSTN set to go live on Account Aggregator Ecosystem ahead of 1st July 2023

23 May 2023 at 08:47

The Goods and Services Tax Network (GSTN), which is the technology interface between government and taxpayers, is due to be integrated with the country's ambitious financial data sharing network Account Aggregator before July 1

Posted in GST | 12486 Views

E-Invoices now mandatory for traders with turnover above Rs 5 crore

22 May 2023 at 08:29

Traders with an annual turnover above ₹5 crore must prepare e-invoices from August 1 this year for business-to-business transactions

Posted in GST | 1 comments | 8070 Views

GSTN introduces convenient IRN retrieval via document numbers

19 May 2023 at 08:37

The Goods and Services Tax Network ("GSTN") has enabled the functionality to find the Invoice Reference Number ("IRN") through the Document Number

Posted in GST | 8580 Views

Legal Powerhouses from Gaming Industry Seek Prime Minister's Support

19 May 2023 at 08:36

Several top law firms representing the gaming industry, have written to the Prime Minister's Office (PMO) urging the GST Council to maintain the current taxation regime for the online gaming industry.

Posted in GST | 2757 Views

Special Drive Launched to Combat Tax Evasion through Fake GST Registrations

18 May 2023 at 08:37

With GST evasion crossing over Rs 1 lakh crore in 2022-23, Centre and state tax officers have initiated a two-month-long special drive to identify fake GST registration and nab offenders.

Posted in GST | 8208 Views

GST Probe Expands: 10 Additional Insurers to Receive Notices Soon

18 May 2023 at 08:36

The goods and services tax department has widened the probe against insurance companies for alleged wrongful availment of input tax credit.

Posted in GST | 3411 Views

GST Registration Advisory on New Functionality to view Aadhaar Authentication Status

17 May 2023 at 08:47

New functionality to view Aadhaar authentication status, to view/ download e-KYC documents for new registration applications and to upload e-KYC documents in PV report-reg.

Posted in GST | 11598 Views

GSTN enables option to file GSTR-9 & GSTR-9C for FY 2022-23

17 May 2023 at 08:47

GSTN has enabled the option to file Annual Return and Reconciliation Statement, namely Form GSTR-9 and GSTR-9C on the GST portal for the FY 2022-2023.

Posted in GST | 29490 Views

Finance companies urge RBI to avoid GST by not renaming penal interest as 'charges'

16 May 2023 at 08:45

The Finance Industry Development Council, a representative body of NBFCs in India, has requested the Reserve Bank of India (RBI) not to classify penal interest as 'charges' due to potential tax implications.

Posted in GST | 4485 Views