GST News
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.
CBIC Notifies Prohibiting Consolidated Invoices for Supplies Under RCM
11 October 2024 at 08:59CBIC has introduced a significant update under the Central Goods and Services Tax (Second Amendment) Rules, 2024, which restricts the issuance of consolidated invoices for supplies covered under the RCM.
CBIC Notifies New GST Forms for Cancellation and Suspension of GST Registration
10 October 2024 at 14:35The Central Board of Indirect Taxes and Customs (CBIC), through the Central Goods and Services Tax (Second Amendment) Rules, 2024, has introduced key changes in procedures related to the cancellation and suspension of GST registration.
CBIC Updates Form GSTR-9: ITC as per GSTR-2A Replaced with GSTR-2B
10 October 2024 at 14:34The Central Board of Indirect Taxes and Customs (CBIC), through Notification No. 20/2024 – Central Tax issued on October 8, 2024, has implemented a key amendment to FORM GSTR-9 under the Central Goods and Services Tax (CGST) Rules, 2017.
CBIC Sets Deadline for Filing Form GSTR-7: 10th of Next Month Starting 1st Nov 2024
10 October 2024 at 14:32In a recent development, the CBIC has issued Notification No. 20/2024 - Central Tax on October 08, 2024, introducing a significant change to Rule 66 of the Central Goods and Services Tax (CGST) Rules.
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