GST News
CBIC Issues Corrigendum to Clarify Provisions Under Section 16 of CGST Act, 2017
28 October 2024 at 08:48The CBIC issued a corrigendum on October 25, 2024, to Circular No. 237/31/2024-GST, addressing implementation issues related to Section 16(5) and 16(6) of the CGST Act, 2017.
GST Panel Recommends Raising Affordable Housing Price Limit to Rs 56 Lakh Nationwide
28 October 2024 at 08:45A government panel is considering raising the affordable housing price limit from ₹45 lakh to ₹56 lakh for the 1% GST rate, potentially making homes more affordable across India.
Biometric-Based Aadhaar Authentication Introduced for GST Registrations to Curb Tax Fraud
28 October 2024 at 08:43From October 8, biometric-based Aadhaar authentication and document verification will be mandatory for GST registration to combat tax fraud, the State GST Department announced.
Massive GST Raid in Thrissur: 104 kg of Unaccounted Gold Seized by Officials in Kerala
25 October 2024 at 08:53In a surprise operation, the State GST (SGST) department conducted one of Kerala's largest-ever raids on gold jewellers in Thrissur, seizing 108kg of gold linked to tax evasion.
AMMK General Secretary Urges Central Government to Abolish 18% GST on Cable TV Services
25 October 2024 at 08:48AMMK General Secretary TTV Dhinakaran has called for the central government to eliminate the 18% GST on cable TV services, emphasizing the need for more affordable access to television.
GST Clarity for Film Industry: Producers Guild's Four-Year Efforts Yield Victory
24 October 2024 at 08:54In a landmark decision, the Ministry of Finance has issued a clarification regarding the Goods and Services Tax (GST) applicable to film distribution before October 2021, providing significant relief to the Indian film industry.
Leather Company Worker in Ambur Receives Rs 2.3 Crore GST Notice in Fraud Case
24 October 2024 at 08:54In a shocking incident highlighting the misuse of personal data for tax fraud, Rani Babu, a 58-year-old housekeeper from Ambur, was stunned to receive a GST notice amounting to Rs 2.39 crore from the Commercial Taxes Department in Tiruchy.
GST Reduction to Make Insurance More Affordable, Says Finance Department Joint Secretary
24 October 2024 at 08:54The Department of Finance’s Joint Secretary has hinted at a potential reduction in Goods and Services Tax (GST) on life and health insurance premiums, making them more affordable for customers, as per a report.
GSTN Introduces Bank Account Validation for Non-Core Amendments
23 October 2024 at 08:47GSTN has implemented a validation process for cases where a taxpayer attempts a non-core amendment to update bank account details.
GSTN Issues Advisory for GST REG-07
23 October 2024 at 08:46GSTN has introduced an update to facilitate the registration compliance for buyers of metal scrap through form GST REG-07.
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