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Non-issuance of Notices in Case of Voluntary Compliance under Sections 73 and 74 of the KSGST Act, 2017

   08 April 2024 at 09:06

The Kerala Goods and Services Tax (GST) Department issued Circular No. 06/2024 on April 6, 2024, signaling a significant shift in its approach towards tax enforcement.

Posted in GST |   576 Views


Supreme Court Permits Transfer of 27 GST Cases, GamesKraft & EGF Hearings Set for 1st May

   06 April 2024 at 09:04

The Supreme Court bench headed by CJI and comprising of Justice JB Pardiwala and Manoj Misra summarily allowed the government’s transfer petition of 27 writ petitions in 9 different High Courts

Posted in GST |   2007 Views


Gujarat's GST Department Sees 43% Drop in GSTIN Applications

   05 April 2024 at 09:04

Gujarat's GST department has observed a substantial 43% decline in the monthly average of GSTIN (Goods and Services Tax Identification Number) applications since November 2023.

Posted in GST |   2298 Views


Vedanta Faces Rs 1.86 Crore GST Demand Notices Over Ineligible ITC

   04 April 2024 at 09:00

Mining giant Vedanta Ltd finds itself entangled in a GST dispute, with the tax authority demanding Rs 1.86 crore over 'ineligible' input tax credit. The company intends to challenge the orders, expressing optimism for a favorable resolution.

Posted in GST |   2427 Views


New e-Invoicing Mandate for Turnover Exceeding INR 5 Crores w.e.f 1st April 2024

   04 April 2024 at 08:58

If your turnover exceeds INR 5 crores in the financial year 2023-2024, you will be required to start e-Invoicing from the next financial year, i.e., from 1st April 2024 onwards

Posted in GST |   8223 Views


Zomato Faces Rs 23.26 Crore GST Demand for FY 2018-19

   02 April 2024 at 09:12

Zomato disclosed on Sunday that it has received an order for the fiscal year 2018-19 following an audit of GST returns and accounts conducted by the Assistant Commissioner of Commercial Taxes (Audit) in Karnataka.

Posted in GST |   2448 Views


GST Revenue in March 2024 Surge 11.5% YoY, Hits Rs 1.78 Lakh Crore Mark, Second-Highest Ever

   01 April 2024 at 17:25

Second highest monthly Gross GST Revenue collection in March at Rs 1.78 lakh crore; Records 11.5% y-o-y growth (18.4% on net basis)

Posted in GST |   447 Views


CBIC Issues Guidelines to Enhance Ease of Doing Business in CGST Investigations with Regular Taxpayers

   01 April 2024 at 09:15

CBIC has released Instruction No. 01/2023-24-GST (Inv.) on March 30, 2024, providing crucial guidelines aimed at streamlining investigations involving regular taxpayers under the Central Goods and Services Tax (CGST) regime.

Posted in GST |   4170 Views


CBIC Issues Guidelines For Officials To Prevent Taxpayer Harassment

   30 March 2024 at 08:43

The Central Board of Indirect Tax and Customs (CBIC) has recently approved a comprehensive Standard Operating Procedure (SOP) for officials of the Directorate General of GST Intelligence (DGGI).

Posted in GST |   3321 Views


CBIC Declares March 29-31, 2024 as Operational Days for Customs Field Formations

   29 March 2024 at 09:00

In a recent directive issued by the Central Board of Indirect Taxes and Customs (CBIC), all field formations of Customs across the country are mandated to remain operational on March 29th, 30th, and 31st, 2024.

Posted in GST |   2967 Views