GST News

CBIC Notifies New GST Forms for Cancellation and Suspension of GST Registration

10 October 2024 at 14:35

The Central Board of Indirect Taxes and Customs (CBIC), through the Central Goods and Services Tax (Second Amendment) Rules, 2024, has introduced key changes in procedures related to the cancellation and suspension of GST registration.

Posted in GST | 4194 Views

CBIC Updates Form GSTR-9: ITC as per GSTR-2A Replaced with GSTR-2B

10 October 2024 at 14:34

The Central Board of Indirect Taxes and Customs (CBIC), through Notification No. 20/2024 – Central Tax issued on October 8, 2024, has implemented a key amendment to FORM GSTR-9 under the Central Goods and Services Tax (CGST) Rules, 2017.

Posted in GST | 9324 Views

CBIC Sets Deadline for Filing Form GSTR-7: 10th of Next Month Starting 1st Nov 2024

10 October 2024 at 14:32

In a recent development, the CBIC has issued Notification No. 20/2024 - Central Tax on October 08, 2024, introducing a significant change to Rule 66 of the Central Goods and Services Tax (CGST) Rules.

Posted in GST | 687 Views

CBIC Introduces New Rule 164 for Waiver of Interest and Penalties in GST Proceedings

10 October 2024 at 09:20

The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 20/2024 – Central Tax on October 8, 2024, which brings new changes under Rule 164 of the GST rules, effective from November 1, 2024.

Posted in GST | 5151 Views

CBIC Notifies Reduction in Pre-Deposit Requirement for GST Appeals Effective 1st Nov 2024

10 October 2024 at 09:19

The Central Board of Indirect Taxes and Customs (CBIC), through Notification No. 20/2024 – Central Tax dated October 8, 2024, has introduced a significant amendment to the pre-deposit requirements for filing appeals under GST framework

Posted in GST | 2676 Views

CBIC Notifies Insertion of Section 74A in CGST Act, Effective from 1st Nov 2024

10 October 2024 at 09:18

The Central Board of Indirect Taxes and Customs (CBIC), through Notification No. 20/2024 – Central Tax dated October 8, 2024, has introduced a significant amendment in the Central Goods and Services Tax (CGST) Act.

Posted in GST | 2175 Views

CBIC Introduces Rule 47A to CGST Rules: New 30-Day Time Limit for Issuing Tax Invoices Under RCM

10 October 2024 at 09:18

On October 8, 2024, the Central Board of Indirect Taxes and Customs (CBIC), through Notification No. 20/2024 – Central Tax, introduced Rule 47A into the Central Goods and Services Tax (CGST) Rules, 2017.

Posted in GST | 1 comments | 6858 Views

CBIC Notifies Amendments to GST Rules with New Procedure for Waiver of Interest and Penalty u/s 128A

10 October 2024 at 09:16

On October 8, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 20/2024 – Central Tax, introducing amendments to the Central Goods and Services Tax (CGST) Rules, 2017, under Rule 164.

Posted in GST | 3135 Views

Senior Journalist Among 6 Arrested in Gujarat GST Scam: Raids Uncover 200 Fake Firms

10 October 2024 at 09:15

Following a complaint regarding GST evasion, the Ahmedabad Crime Branch has taken significant action across the state, conducting raids at 14 locations, including Ahmedabad, Junagadh, Surat, Kheda, and Bhavnagar.

Posted in GST | 576 Views

28% GST Review: Online Gaming Industry's Top Priority One Year On

10 October 2024 at 09:15

It has been one year since the implementation of the 28% GST on online gaming in India. While both companies and consumers have adjusted to the higher tax rate, a review of this levy remains a top priority for industry stakeholders.

Posted in GST | 462 Views