GST News
CBIC Notifies Special Mechanism for Rectification of Orders on Wrong ITC Availment u/s 16 of CGST Act
09 October 2024 at 09:32In a crucial update aimed at streamlining GST compliance, the CBIC has issued Notification No. 22/2024-Central Tax dated October 8, 2024, to notify the mechanism for implementing newly inserted sub-sections (5) and (6) in Section 16
CBIC Introduces RCM for Renting Commercial Property by Unregistered Persons to Registered Entities to Curb Revenue Leakage
09 October 2024 at 09:30In a significant move to tighten GST compliance and prevent revenue leakage, the Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 09/2024-Central Tax (Rate), dated October 8, 2024.
CBIC Notifies GST Exemptions for Vocational Education and Power Utility Services - Effective October 2024
09 October 2024 at 09:29The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 08/2024 dated October 8, 2024, introducing crucial amendments to the Goods and Services Tax (GST) framework.
AIFs and Govt in Talks Over Taxation of 'Carry Income' Amid GST Concerns
08 October 2024 at 08:51Recently, the Indian government has requested private equity and venture capital industry to explain how other countries tax fund managers, particularly in relation to the application of GST to 'carry earnings'
J&K High Court Slams GST Authorities for Wrongfully Withholding Entrepreneur's Tax Refund
08 October 2024 at 08:37The Jammu and Kashmir High Court recently penalized the Union Territory's GST Department with a Rs 30,000 fine for unjustly withholding a tax refund owed to M/s Hallmark, a garment manufacturer based in Jammu.
Businessman Stages Semi-Naked Protest at Ghaziabad GST Office, Alleges Bribery and Harassment
07 October 2024 at 09:08In a dramatic protest, Meerut-based iron trader Akshay Jain stripped down to his underwear at the Mohan Nagar GST office in Ghaziabad, alleging persistent harassment by officials of the department.
SpiceJet Clears Four-Month Pending Salaries, Settles GST Dues and Deposits 10-Month PF Contributions
07 October 2024 at 09:00SpiceJet announced on Friday that it has cleared all pending salary and GST dues, following the recent infusion of ₹3,000 crore through a Qualified Institutional Placement (QIP) of shares on September 23.
Tax Commissioner Conducts Surprise Inspection, Warns Traders on GST Evasion
07 October 2024 at 09:00On Thursday, State Financial Commissioner (Taxation) Krishan Kumar conducted a surprise inspection in the old market area near Rainak Bazaar, uncovering a common practice of shop owners selling items without issuing bills to evade GST.
GSTN Issues Advisory for Biometric Aadhaar Authentication for GST Applicants in Kerala, Nagaland & Telangana
07 October 2024 at 08:53Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Kerala, Nagaland and Telangana
GSTN Adds TMBL Bank for GST Payments, Total Banks Now 30
05 October 2024 at 09:16The Goods and Services Tax Network (GSTN) announced on October 4, 2024 that TMBL Bank has been added as a payment option on the GST Portal, increasing the total number of banks accepting GST payments to 30.
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