GST News

Industry Urges Govt for Doubling GST Registration Threshold to Rs 40 Lakh

13 February 2024 at 09:13

During FTCCI event, industry leaders urged the Chief Minister and State Finance Minister to consider raising the GST registration threshold from Rs 20 lakh to Rs 40 lakh annually

Posted in GST | 4053 Views

Supreme Court Issues Notice to Central Govt on GST Anti-Profiteering Provisions

13 February 2024 at 09:12

The Supreme Court has taken a significant step by issuing a notice to the union government regarding the constitutional validity of anti-profiteering provisions under the Goods and Services Tax (GST).

Posted in GST | 3426 Views

Taxpayers Can Opt for FY 2024-25 Composition Scheme on GST Portal by 31st March 2024

13 February 2024 at 09:09

GSTN has introduced a significant update, enabling taxpayers to opt for the Composition Scheme for the Financial Year 2024-25.

Posted in GST | 6876 Views

Beware of Fake GST Summons, Verify Authenticity with CBIC Tools

12 February 2024 at 09:16

Caution against fraudsters sending fake and fraudulent Summons for GST violations

Posted in GST | 8142 Views

CGST Recovers Rs 1.25 Crore GST from 10 Garment Traders in Indore

12 February 2024 at 09:15

In a significant move against tax evasion, the Central Goods and Service Tax Department (CGST) has successfully recovered ₹1.25 crore from 10 readymade garments traders in the city of Indore.

Posted in GST | 2862 Views

Centre Owes Gujarat Rs 1,600 Crore in GST Returns

12 February 2024 at 09:15

In a recent development in the Gujarat State Assembly, Finance Minister Kanu Desai disclosed that the state has been pursuing over ₹1,500 crore in Goods and Services Tax (GST) returns from the central government.

Posted in GST | 2271 Views

Rajasthan GST Department Introduces Amnesty Scheme 2024

10 February 2024 at 16:40

The Rajasthan GST Department has recently introduced the Amnesty Scheme 2024 through Notification No. F.12(7)FD/TAX/2024-72, dated February 08, 2024.

Posted in GST | 4122 Views

GST Rate Rationalization Expected After Lok Sabha Polls, Says FinMin Official

10 February 2024 at 09:30

A senior official from the Finance Ministry has disclosed that any substantial changes in the Goods and Services Tax (GST) rates are likely to be postponed until after the upcoming Lok Sabha elections

Posted in GST | 3168 Views

Gujarat's GST Evasion: Over 9,000 Cases Reported in Last 4 Years

09 February 2024 at 09:17

Gujarat, often heralded as the epicenter of the business community, is grappling with a significant surge in Goods and Service Tax (GST) evasion cases, reaffirming its pivotal role in the nation's economic landscape.

Posted in GST | 2757 Views

GST Portal Expands Credit/Debit Card Payments to 4 New States

08 February 2024 at 09:23

In a bid to enhance convenience and accessibility for taxpayers, the Goods and Services Tax (GST) portal has rolled out a significant update, now allowing GST payments through Credit Cards and Debit Cards.

Posted in GST | 5355 Views