GST News
GSTN Advisory: IMS Launched for Taxpayers to Streamline ITC Claims
15 October 2024 at 08:51Invoice Management System (IMS) is made available to taxpayers from 14th Oct 2024.
CBIC Issues Clarifications on GST Applicability for Specific Services
14 October 2024 at 09:08The Central Board of Indirect Taxes and Customs (CBIC) has released crucial clarifications on the applicability of Goods and Services Tax (GST) on certain services through Circular No. 234/28/2024-GST
CBIC Issues Clarification on "As Is / As Is, Where Is Basis" mentioned in GST Circulars
14 October 2024 at 09:08The Central Board of Indirect Taxes and Customs (CBIC) has provided crucial clarification regarding the scope of the "as is / as is, where is basis" terminology used in previous GST circulars. Issued on October 11, 2024, Circular No. 236/30/2024-GST
CBIC Issues Clarification on GST Rates and Classification of Goods Following 54th GST Council Meeting
14 October 2024 at 09:07The Central Board of Indirect Taxes and Customs (CBIC) has released a significant clarification on GST rates and classification of goods through Circular No. 235/29/2024-GST, dated October 11, 2024.
GSTN Issues Advisory for Taxpayers: New GST Provision for Metal Scrap Transactions
14 October 2024 at 09:05The government has issued Notification 25/2024-Central Tax, on October 9, 2024 under GST Section 51 of the CGST Act, 2017 mandating compliance by businesses dealing with Metal Scrap.
Record E-Way Bill Surge in September Signals Festival Season Boost
12 October 2024 at 09:06India's supply chain activity reached a new peak in September, with e-way bill generation hitting 109 million, an 18% increase compared to the same period last year, according to data from GSTN.
Fake ITC Fraud Worth Rs 48 Crore Uncovered by CGST in Mumbai
12 October 2024 at 09:11In a significant crackdown on tax fraud, the anti-evasion team of Thane Central Excise & CGST Commissionerate Mumbai Zone uncovered a massive fake Input Tax Credit (ITC) racket worth ₹48 crores.
DGGI Arrests Two Masterminds in Rs 700 Crore Fake Billing GST Fraud
12 October 2024 at 09:00In a major crackdown on GST fraud, the Directorate General of GST Intelligence (DGGI) has arrested two key players, Manish and Amit, residents of Gurmukh Singh Colony, Mandi Gobindgarh, in connection with a fake billing scheme worth over ₹700 crores.
Union Minister Pankaj Chaudhary Inaugurates GST Bhawan in Delhi, Highlights Simplified Tax Compliance Initiatives
11 October 2024 at 09:17Union Minister of State for Finance Shri Pankaj Chaudhary inaugurated the state-of-the-art Goods and Services Tax (GST) office building in Nangal Raya, Delhi
CBIC Updates Penal Provisions in Form GST INS-01 in Line with Bharatiya Nyaya Sanhita, 2023
11 October 2024 at 09:01In a major update to the penal provisions for inspection and search operations under the GST regime, the CBIC, through Notification No. 20/2024 - Central Tax dated October 08, 2024, has made a crucial substitution in FORM GST INS-01.
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