GST News

CBIC Amends Customs Exemptions & Concessions to Align HS Codes with Finance (No. 2) Act 2024

02 October 2024 at 09:30

In a significant move to streamline customs operations, the Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 45/2024-Customs, effective October 1, 2024.

Posted in GST | 1131 Views

GST Officials Arrested for Extortion: Rs 69 Lakh Cash and Gold Recovered

01 October 2024 at 09:08

In a shocking case of corruption, the Organised Crime Division of the police recovered ₹69 lakh in cash and 306 grams of gold from four GST officials arrested earlier in September for allegedly kidnapping and extorting ₹1.5 crore from businessman

Posted in GST | 1887 Views

SpiceJet Clears GST Dues Just Days After Raising Rs 3,000 Crore Through QIP

30 September 2024 at 09:12

Budget airline SpiceJet has taken a crucial financial step by settling all its Goods and Services Tax (GST) dues on Friday, just one day after resolving all outstanding salary arrears for its employees.

Posted in GST | 1410 Views

CBIC to Deploy Technology Solutions to Resolve GST Data Mismatches and Disputes

30 September 2024 at 09:11

In a significant move to address the growing issue of data discrepancies in tax return filings, the CBIC is set to introduce advanced technological solutions to resolve mismatches and reduce related disputes.

Posted in GST | 3171 Views

Advisory Issued for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration in Odisha

30 September 2024 at 09:10

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Odisha

Posted in GST | 342 Views

GSTN Restores Archived July and August 2017 GST Returns Data

30 September 2024 at 09:09

In view of the requests received from the trade due to the difficulties faced, data has been restored back on the portal.

Posted in GST | 1482 Views

Taxpayers Rejoice: New Section 128A Waives Interest and Penalties on Specific Tax Demands

28 September 2024 at 16:13

In a significant move aimed at alleviating tax burdens, the CGST Act has introduced a new section, 128A, which offers considerable relief for taxpayers regarding tax liabilities incurred between July 1, 2017, and March 31, 2020.

Posted in GST | 6324 Views

CGST Section 16 Revised: Taxpayers Gain Relief with New ITC Claim Provisions for 2017-2021

28 September 2024 at 15:59

In a significant update to the Central Goods and Services Tax (CGST) Act, Section 16 has been amended with the insertion of two new sub-sections.

Posted in GST | 46179 Views

Finance Ministry Notifies Effective Dates for Various Provisions of the Finance (No. 2) Act, 2024

28 September 2024 at 09:30

The Ministry of Finance has issued Notification No. 17/2024-Central Tax on September 27, 2024, outlining the commencement dates for several provisions of the Finance (No. 2) Act, 2024.

Posted in GST | 9216 Views

Kerala Government's Move to Push Taxation Laws Amendment Ordinance Raises Concerns Ahead of Assembly Session

28 September 2024 at 09:24

The Kerala government's decision to promulgate the Kerala Taxation Laws Amendment 2024 Ordinance has sparked debates about the appropriateness of the move, especially with the next Assembly session scheduled to begin on October 4.

Posted in GST | 315 Views