GST News


Mumbai Customs Zone Issues Advisory Implicating Customs Brokers as Co-Noticees in Interpretative Disputes

 28 October 2024 at 08:51

The Mumbai Customs Zone-II issued Advisory No. 02/2024 on October 23, 2024, making Customs Brokers co-noticees in cases involving interpretative disputes to ensure compliance.

Posted in GST |   1692 Views


CBIC Issues Corrigendum to Clarify Provisions Under Section 16 of CGST Act, 2017

 28 October 2024 at 08:48

The 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.

Posted in GST |   2268 Views


GST Panel Recommends Raising Affordable Housing Price Limit to Rs 56 Lakh Nationwide

 28 October 2024 at 08:45

A 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.

Posted in GST |   1104 Views


Biometric-Based Aadhaar Authentication Introduced for GST Registrations to Curb Tax Fraud

 28 October 2024 at 08:43

From October 8, biometric-based Aadhaar authentication and document verification will be mandatory for GST registration to combat tax fraud, the State GST Department announced.

Posted in GST |   1179 Views


Massive GST Raid in Thrissur: 104 kg of Unaccounted Gold Seized by Officials in Kerala

 25 October 2024 at 08:53

In 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.

Posted in GST |   1653 Views


AMMK General Secretary Urges Central Government to Abolish 18% GST on Cable TV Services

 25 October 2024 at 08:48

AMMK 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.

Posted in GST |   1272 Views


GST Clarity for Film Industry: Producers Guild's Four-Year Efforts Yield Victory

 24 October 2024 at 08:54

In 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.

Posted in GST |   2295 Views


Leather Company Worker in Ambur Receives Rs 2.3 Crore GST Notice in Fraud Case

 24 October 2024 at 08:54

In 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.

Posted in GST |   915 Views


GST Reduction to Make Insurance More Affordable, Says Finance Department Joint Secretary

 24 October 2024 at 08:54

The 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.

Posted in GST |   1752 Views


GSTN Introduces Bank Account Validation for Non-Core Amendments

 23 October 2024 at 08:47

GSTN has implemented a validation process for cases where a taxpayer attempts a non-core amendment to update bank account details.

Posted in GST |   3429 Views



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