CAclubindia News

GST Council Mulls Lowering GST Rate for Visually Impaired on Vehicles

05 October 2023 at 08:42

In an upcoming meeting scheduled for October 7, the Goods and Services Tax (GST) Council is set to deliberate on the possibility of reducing the existing 28 percent GST rate on motor vehicles purchased by visually impaired individuals.

Posted in GST | 4578 Views

Indian Companies Grapple with GST Notices Over Overseas Deputed Staff Salaries

05 October 2023 at 08:41

In a recent turn of events, several Indian companies have found themselves entangled in a web of GST demand notices, particularly concerning cases where overseas employees have been deputed to work in India.

Posted in GST | 6291 Views

DGGI Mumbai Zone Issues Massive GST Notices to Dream11 and Play Games 24/7

05 October 2023 at 08:40

In a startling development, the Directorate General of Goods and Services Tax Intelligence (DGGI) Mumbai Zone has reportedly issued a hefty notice amounting to a staggering Rs 28,000 crore to the prominent online gaming company, Dream11.

Posted in GST | 7860 Views

Bajaj Allianz Faces Rs 1,010 Crore GST Demand Notice for Premiums

04 October 2023 at 09:00

Bajaj Allianz General Insurance Company Limited, a prominent player in the insurance sector, has been served with a substantial Goods and Services Tax (GST) demand notice amounting to ₹1,010 crore

Posted in GST | 15702 Views

Meesho Welcomes Non-GST Sellers to Reshape E-commerce

04 October 2023 at 08:58

In a game-changing move, Meesho, the E-commerce unicorn, has officially thrown open its platform to sellers without a Goods and Services Tax (GST) registration, effective from October 1, 2023.

Posted in GST | 11307 Views

Income Tax Department Imposes Rs 84 Crore Penalty on LIC, Corporation to Appeal

04 October 2023 at 08:54

In a significant development, the Income Tax Department has levied a substantial penalty of Rs 84 crore on the Life Insurance Corporation (LIC) relating to three assessment years.

Posted in Income Tax | 28029 Views

GST e-Invoice Portal Rolls Out JSON Download Functionality

03 October 2023 at 15:46

Advisory: e-Invoice JSON download functionality Live on the GST e-Invoice Portal

Posted in GST | 6063 Views

GSTN Introduces Form DRC-01C to Address ITC Mismatches in GSTR-2B and GSTR-3B

03 October 2023 at 08:46

GSTN has enabled Form DRC-01C to deal with ITC mismatches between GSTR 2B and GSTR 3B

Posted in GST | 1 comments | 28833 Views

AIGF Writes to Finance Ministry Seeking GST Notification Suspension for Online Gaming

03 October 2023 at 08:45

The All India Gaming Federation (AIGF) has reportedly reached out to the finance ministry requesting the suspension of the 28 percent Goods and Services Tax (GST) notification on online gaming that was set to go into effect on October 1.

Posted in GST | 3978 Views