GST News
CBIC Releases Revised Guidelines and Formats for Arrest and Incident Reports
17 February 2024 at 08:53In a proactive move to bolster anti-smuggling measures, the CBIC has issued Instruction No. 02/2024-Customs, dated February 15, 2024.
Builders Under GST Scrutiny: Notices Issued to Reverse ITC
16 February 2024 at 08:58In a significant development, the Goods and Services Tax (GST) department has initiated action against numerous builders, issuing notices to reverse Input Tax Credit (ITC) claimed for the fiscal years 2017-18 and 2018-19.
Star Health Faces Rs 170 Crore GST Demand, Rs 8.7 Crore Penalty Notice
16 February 2024 at 08:58In a recent development, Star Health and Allied Insurance Company Ltd disclosed receiving a significant tax demand order amounting to Rs 170 crore
GST Department Intensifies Efforts to Meet FY24 Targets
15 February 2024 at 09:08Despite a robust increase in monthly GST collections, the Revenue department is intensifying efforts to ensure it meets the collection targets for the fiscal year.
GST Council Set to Clarify Expat Salary Taxation Amidst Controversy
14 February 2024 at 09:02The Goods and Services Tax (GST) Council is deliberating on issuing a circular to resolve the recent controversy surrounding notices sent to Indian subsidiaries of foreign companies regarding the taxation of salaries paid to expatriates.
Industry Urges Govt for Doubling GST Registration Threshold to Rs 40 Lakh
13 February 2024 at 09:13During 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
Supreme Court Issues Notice to Central Govt on GST Anti-Profiteering Provisions
13 February 2024 at 09:12The 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).
Taxpayers Can Opt for FY 2024-25 Composition Scheme on GST Portal by 31st March 2024
13 February 2024 at 09:09GSTN has introduced a significant update, enabling taxpayers to opt for the Composition Scheme for the Financial Year 2024-25.
Beware of Fake GST Summons, Verify Authenticity with CBIC Tools
12 February 2024 at 09:16Caution against fraudsters sending fake and fraudulent Summons for GST violations
CGST Recovers Rs 1.25 Crore GST from 10 Garment Traders in Indore
12 February 2024 at 09:15In 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.
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