GST News

Karnataka AAR Grants ITC for Promotional Items in Sales Targets

05 September 2023 at 08:51

Karnataka AAR has ruled that businesses can claim ITC on items such as gold coins and white goods that are procured for distribution to dealers as part of promotional schemes when pre-specified sales targets are achieved.

Posted in GST | 8163 Views

CBIC Launches GST Verification Drive with Rs 50,000 Penalty for Non-Compliant Shops

05 September 2023 at 08:50

The Central Board of Indirect Taxes and Customs (CBIC) has initiated a campaign in Punjab's Bathinda district to ensure that businessmen registered on the GST network portal display their GST numbers at their premises.

Posted in GST | 10050 Views

Sales Tax Inspector Arrested in Nagpur for Attempted Extortion of Rs 15 Lakh from GST Tribunal Judge

04 September 2023 at 08:40

An inspector with the state sales tax department in Nagpur, Maharashtra, has been arrested for allegedly attempting to extort Rs 15 lakh from a judge of the Goods and Services Tax (GST) tribunal.

Posted in GST | 4881 Views

August 2023 GST Collection Hits Rs 159069 Crore Mark, Registers 11% YoY Surge

02 September 2023 at 08:47

₹1,59,069 crore gross GST revenue collected during August 2023; records 11% Year-on-Year growth

Posted in GST | 5169 Views

GSTN releases Advisory on Reporting of ITC Reversal Opening Balance

01 September 2023 at 08:51

GSTN has issued an important advisory on reporting of ITC reversal opening balance.

Posted in GST | 6195 Views

GSTN introduces a new ledger named Electronic Credit and Re-claimed Statement

01 September 2023 at 08:50

Introducing Electronic Credit Reversal and Re-claimed statement on GSTN

Posted in GST | 17664 Views

PNB Launches GST Sahay App for Invoice-based MSME Loans up to Rs 2 Lakh

31 August 2023 at 08:55

Punjab National Bank (PNB) launches the PNB GST Sahay App for MSME borrowers to access loans digitally using GST invoices.

Posted in GST | 26691 Views

Major Crackdown on GST Evasion: 12 Furnaces Raided, 60 Vehicles Seized

29 August 2023 at 08:38

On Monday, August 28, 2023, the mobile wings of the tax department in Punjab inspected 12 furnaces and impounded 60 vehicles during a surprise check at Mandi Gobindgarh.

Posted in GST | 6936 Views

GSTN issues Advisory for Biometric-based Aadhaar Authentication for GST Registration

29 August 2023 at 08:36

Advisory for applicants where GST Registration application marked for Biometric-based Aadhaar Authentication

Posted in GST | 8223 Views

13 Additional Arrests in Ongoing Aadhaar-GST Scam Probe in Bhavnagar

28 August 2023 at 08:47

The Special Investigation Team (SIT) probing the Aadhaar-GST scam in Bhavnagar has arrested 13 more people. The total number of people arrested in the case has now risen to 35.

Posted in GST | 3840 Views