GST News
GST Practitioners Raise Alarm Over Rule 37A
17 November 2023 at 08:42In a recent development, the All Kerala GST Practitioners Association has raised alarm bells over the potential dampening effect on businesses due to the input tax credit (ITC) reversal mandated by Rule 37A.
CBIC Unveils 29 Updated Customs E-Brochures in Nov 2023
16 November 2023 at 08:58CBIC Unveils Comprehensive Update with 29 E-Brochures, Transforming Customs Landscape
Kerala GST Dept Issues Operational Guidelines for Tax and Non-GST Remittance via e-Treasury Portal
16 November 2023 at 08:56Kerala GST Department vide Trade Notice No. 18/2023 dated October 30, 2023 issued Operational instructions regarding the Payment of tax and other amounts including arrear demands issued in Acts other than GST through the e-Treasury Portal.
Govt Initiates Action Against Non-Issuance of E-Invoices by Mandated Taxpayers
16 November 2023 at 08:55CBIC issued Instructions vide F. No. CBIC- 20006/15/2023-GST dated October 18, 2023 regarding the action in respect of non-issuance of e-invoices by notified class of taxpayers who are mandatorily required to issue e-invoice as per legal provisions.
GSTN issues Advisory for Online Compliance Pertaining to ITC mismatch - GST DRC-01C
15 November 2023 at 08:38Difference in Input Tax Credit (ITC) available in GSTR-2B & ITC claimed in the GSTR-R3B
GSTN | ITC Reversal on Account of Rule 37(A)
15 November 2023 at 08:37Vide Rule 37A of CGST Rules, 2017 the taxpayers have to reverse the Input Tax Credit (ITC) availed on such invoice or debit note, the details of which have been furnished by their supplier in their GSTR-1/IFF but the return in FORM GSTR-3
Advisory on Amnesty for Missed Appeal Filing Deadlines for Orders on or before March 31, 2023
11 November 2023 at 08:43Advisory for the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline for the orders passed on or before March 31, 2023
October GST Collections Reflect Economic Activity, Not Tax Notices, Says CBIC
11 November 2023 at 08:42In a recent statement, the CBIC revealed that the impressive rise in GST collections in October was primarily driven by robust economic activity within the country, dispelling rumors that it was solely due to tax notices issued to various companies.
FM Nirmala Sitharaman Stresses Inclusive Coverage of All Businesses under GST Ambit
10 November 2023 at 08:37In a recent address, FM Nirmala Sitharaman highlighted the Finance Ministry's commitment to broadening the GST regime's reach, emphasizing the importance of including all businesses rather than merely focusing on revenue enhancement.
UltraTech Cement Faces GST Demand and Penalty Order of Rs. 2.28 Crore
09 November 2023 at 08:47UltraTech Cement, a leading player in the cement industry, has encountered a GST setback as it received an order from the Assistant Commissioner, CGST & C. Ex Division 3, Bhavnaga
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