GST News
GoM Fails to Reach Consensus on GST Rate Rationalisation, Over 100 Items Reviewed
27 September 2024 at 09:11The Group of Ministers (GoM) on GST rate rationalisation, which convened in Goa on Wednesday, reviewed GST rates for over 100 items, including textiles, handloom goods, agricultural products, fertilisers, and educational materials.
GoM Meeting: No Final Decision on GST Rate Cut for Life and Health Insurance
27 September 2024 at 09:09The GoM meeting held on 25th September 2024, ended without a final decision on the proposal to reduce GST rates on life and health insurance.
GoM Meeting in Goa Decides No Further GST Exemptions for Long-Term Land Leases
27 September 2024 at 09:07The fourth meeting of the Group of Ministers (GoM) on boosting the real estate sector, hosted by Goa Chief Minister Pramod Sawant on September 24, 2024, concluded with a key decision to maintain the existing Goods and Services Tax (GST) regime.
GSTN Issues Advisory on Issuance of Notices/Orders without Digital Signatures of the Issuing Authorities
27 September 2024 at 09:04Doubts have been created regarding the validity of documents issued by the tax officers on the common portal viz. Show cause Notices
GSTN CEO Confirms Completion of Design Architecture for B2C E-Invoicing for Retailers
26 September 2024 at 09:20The design architecture for implementing GST e-invoicing for retailers is nearly finalized and undergoing expert review, according to GST Network CEO Manish Kumar Sinha.
CBIC Official: Data Discrepancies Behind Most GST Show-Cause Notices in 2023-24
26 September 2024 at 09:16A significant number of the show-cause notices issued to taxpayers under the GST regime in 2023-24 stemmed from data discrepancies in tax return filings, a senior indirect tax official said on Tuesday.
Infosys May Get Full Relief on Reverse-Charge GST as CBIC Considers Key Modifications
26 September 2024 at 09:13CBIC is considering amending its June 26, 2024, circular to quash Goods and Services Tax (GST) liabilities for Infosys and similar companies facing tax demands on fund transfers to their overseas branches.
GoM Unlikely to Offer Relief to Real Estate Sector on Joint Development Agreements
26 September 2024 at 09:12Most members of the Group of Ministers (GoM) of the Goods and Services Tax (GST) Council have indicated they are not in favor of providing any tax relief to the real estate sector concerning Joint Development Agreements (JDAs).
7 Arrested for Rs 900 Crore GST Scam Involving 48 Shell Companies
26 September 2024 at 09:10In a major breakthrough, Uttar Pradesh police uncovered a large-scale GST fraud syndicate, arresting seven individuals in Muzaffarnagar on Tuesday.
GST Officers Uncover 10,700 Fake Firms in Rs 10,179 Crore Tax Evasion Scam
25 September 2024 at 09:09Tax authorities have uncovered approximately 10,700 fake GST registrations, involving tax evasion worth ₹10,179 crore, during an ongoing all-India drive against fraudulent companies, a senior official from CBIC announced.
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