GST News
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.
ICAI Reprimands CA for Circulating Defamatory Messages Against GST Officer on WhatsApp
29 August 2024 at 13:57The ICAI concludes an investigation into CA Anil Thakur under Section 21A(3) of the Chartered Accountants Act, 1949, after GST officer Shri Golden Jain accused him of spreading defamatory messages on a private WhatsApp group.
GST Department Slaps Yes Bank with Rs 24 Lakh Penalty
29 August 2024 at 09:14The Yes Bank has been penalized by the Goods and Services Tax (GST) Department, Maharashtra that raised demand for disallowance of input tax credit (ITC) along with interest and also demand for penalty of Rs. 24,92,978/-.
ICICI Prudential Receives Rs 429 Crore GST Demand Notice for FY 2020
29 August 2024 at 09:13Maharashtra Deputy Commissioner of State Tax has issued a GST demand notice of Rs 429 crore to ICICI Prudential on Tuesday disclosed the company on the stock exchange on Wednesday.
GST Council to Review Rate Rationalization on 9th September, Final Decision Pending: FM Sitharaman
28 August 2024 at 14:48A detailed rate rationalization proposal will be discussed at the September 9 Council meeting, with further deliberations anticipated by the end of September.
Fake CA Defrauds Businessman of Rs 1.3 Crore in GST Scam
28 August 2024 at 09:00Aftab Memon, a man impersonating a Chartered Accountant, was arrested on Friday for defrauding a South Mumbai businessman of Rs 1.3 crore.
Trade Bodies Urge GST Act and Rule Simplification Ahead of GST Council Meeting
28 August 2024 at 08:59The Agro Food Chamber of Commerce and Industry has called for an urgent simplification of the Goods and Services Tax (GST) Act and rules, highlighting the need to prioritize this issue in the upcoming GST Council meeting.
GoM Defers GST Slab Changes, Focuses on Rate Review Across Sectors
27 August 2024 at 09:00GoM on GST rate rationalisation, led by Bihar Deputy Chief Minister Samrat Chaudhary, has postponed plans to restructure the tax slabs but is actively reviewing GST rates across various categories.
DGGI Issues Rs 220 Crore Unpaid GST Notices to 7 Institutes, Including IIT Delhi
26 August 2024 at 09:007 prominent educational institutions and universities in India have been slapped with GST show-cause notices by the DGGI. The notices, issued in early August, demand unpaid taxes totalling approximately ₹220 crore.
Bharti Airtel Secures Major Relief as GST Demand Slashed to Rs 194 Crore from Rs 604 Crore
26 August 2024 at 08:57The Central Goods and Service Tax Appellate Authority in Delhi has ordered Bharti Airtel to pay Rs 194 crore in GST on licence fees and spectrum usage charges, significantly reducing the original demand of Rs 604.66 crore.
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