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Rajya Sabha Passes Bill Establishing GSTAT with Age Cap Adjustments

   22 December 2023 at 07:14

The Rajya Sabha granted approval on Wednesday to a crucial bill aimed at facilitating the establishment of Goods and Services Tax (GST) appellate tribunals (GSTAT).

Posted in GST |   2430 Views


Parliament passes Provisional Collection of Taxes Bill, 2023 for Immediate Customs and Excise Duty Changes

   22 December 2023 at 07:12

Parliament approved the Provisional Collection of Taxes Bill, 2023 on Wednesday, ushering in a mechanism for the provisional enforcement of changes in customs and excise duties as outlined in the Budget, effective from midnight.

Posted in Custom |   5079 Views


GST Council Warns Businesses Against Scams with New Advisory

   22 December 2023 at 07:10

A recent advisory, aptly named the "GST Fraud Advisory," serves as a stern warning to GST-registered businessmen

Posted in GST |   1911 Views


GST Council Contemplates Raising Registration Threshold to Rs 60 Lakh: FM Sitharaman

   22 December 2023 at 07:09

In a comprehensive discussion held in the Rajya Sabha on Wednesday, Finance Minister Nirmala Sitharaman responded to Parliamentarians' queries and suggestions, notably addressing the proposed Central Goods and Services Tax (Second Amendment) Bill, 2023.

Posted in GST |   9189 Views


Trader held for Rs 68 crore GST evasion

   22 December 2023 at 07:08

CGST's Preventive Department in Rajkot Nabs Brass and Copper Scrap Trader in Jamnagar for Alleged Rs 67.72 Crore Tax Evasion

Posted in GST |   2667 Views


Deadline Extended for GSTR-3B Filing in Specific Tamil Nadu Districts for Nov 2023

   21 December 2023 at 07:03

The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 55/2023 – Central Tax dated December 20, 2023, announcing an extension for the filing of FORM GSTR-3B for November 2023.

Posted in GST |   8370 Views


Income Tax Department Urges Taxpayers to File ITRs for AY 2023-24

   21 December 2023 at 07:01

The Income Tax Department has issued an update, stating that the last date to file the return of income for the Assessment Year 2023-24 (Financial Year 2022-23) under section 139(4) or 139(5) of the Income Tax Act is December 31, 2023.

Posted in Income Tax |   2775 Views


FM Affirms Prospective Implementation of Valuation Rules for GST on E-Gaming Platforms

   21 December 2023 at 07:00

Finance Minister Nirmala Sitharaman addressed the Lok Sabha on Tuesday, providing clarity on the application of the 28% Goods and Services Tax (GST) on entry-level bets on online gaming platforms.

Posted in GST |   3570 Views


Uttarakhand GST Department files 3,500-page charge sheet in illegal timber trade case

   21 December 2023 at 06:58

The Special Investigation Bureau (SIB) of the Uttarakhand GST department has recently filed a comprehensive 3,500-page charge sheet against Shahnawaz Hussain, the alleged mastermind behind a large-scale illegal timber trade operation.

Posted in GST |   2334 Views


Taxpayers Granted Option to Shift Cases to GST Tribunal for Swift Resolutions

   20 December 2023 at 14:54

FM Nirmala Sitharaman addressed the Lok Sabha on December 19, 2023, shedding light on crucial amendments to the central Goods and Services Tax (GST) law and related bills.

Posted in GST |   2361 Views



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