GST News
GSTN Introduces New Invoice Management System (IMS) for Invoice Corrections
03 September 2024 at 13:34To enable taxpayers to efficiently address invoice corrections/amendments with their suppliers through the portal, a new communication process called the Invoice Management System (IMS) is being brought up at portal.
GSTN Updates "Bank Accounts" Section Interface in Non-Core Fields Amendment on GST Portal
03 September 2024 at 09:13The Goods and Services Tax Network (GSTN) has recently rolled out an update to the "Bank Accounts" section within the "Amendment of Registration Non-Core Fields" on the GST portal.
Vodafone Idea Hit with Nine GST Notices Demanding Rs 73 Crore
03 September 2024 at 09:10Debt-laden telecom giant Vodafone Idea is facing fresh challenges as it has been hit with Goods and Services Tax (GST) demand notices totalling Rs 73 crore from various tax offices across India.
Infosys Hit with Rs 3 Crore Tax Penalty Over Alleged Discrepancies in ITC and Payments
02 September 2024 at 08:59Infosys has been issued a penalty notice exceeding Rs 3 crores by the Deputy Commissioner of Commercial Taxes in Bengaluru. The penalty, which pertains to alleged discrepancies in tax payments and the excessive use of ITC for the financial year 2019-20
GST Collections Surge 10% in August to Rs 1.75 Lakh Crore
02 September 2024 at 08:56Gross and Net GST revenue collections for the month of Aug, 2024
Shipping Corporation Faces Rs 160 Crore GST Demand for FY20 Due to Input Credit Mismatch
31 August 2024 at 09:13On Thursday, August 29, 2024, state-owned Shipping Corporation of India Ltd (SCI) announced it had received a significant demand order from the Deputy Commissioner of State Tax in Mumbai, amounting to ₹160.37 crore.
CBIC to Notify GST Provisions Under Finance Act 2024 Post 54th GST Council Meeting on 9th September
31 August 2024 at 09:09The Central Board of Indirect Taxes and Customs (CBIC) has announced that the provisions of the Finance (No.2) Act, 2024, related to Goods and Services Tax (GST) will not come into effect until after the 54th GST Council Meeting.
LIC Receives Rs 605.5 Crore GST Demand Order for FY20
30 August 2024 at 09:30Life Insurance Corporation (LIC) of India has been hit with a GST demand and penalty order totalling Rs 605.5 crore for the fiscal year 2019-20 (FY20).
Chocolate Firms and Bakeries Hit with GST Notices Over Alleged Underpayment
30 August 2024 at 09:26More than a dozen bakery and chocolate companies have been served notices by the DGGI for allegedly underpaying GST from July 2017 to March 2023.
Vodafone Idea Faces Rs 15.19 Crore GST Demand and Rs 1.51 Crore Penalty
30 August 2024 at 09:23The GST office in Patna has ordered debt-ridden Vodafone Idea (VIL) to pay Rs 15.19 crore in taxes, along with a penalty of Rs 1.51 crore, for allegedly availing input tax credit (ITC) it was not eligible for during FY 2019-20 and 2020-21.
Popular News
- No Deduction of TDS Under IT Act 2025: Form 121 Rules for Individuals and Senior Citizens
- Maintenance of Books of Accounts Under Income Tax Act, 2025
- Income Tax Refund Rules Under Income Tax Act, 2025: How to Claim Excess Tax Paid
- Income from House Property Under Income Tax Act 2025
- HUF Tax Rules 2026: New Tax Regime Slabs, Surcharge and Partition Provisions
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
