GST News

Fantok Halts Operations Following 28% GST Regulation in Real Money Gaming

25 August 2023 at 08:47

Fantok announced on August 15, 2023 that it would be temporarily suspending its operations due to the complex regulatory environment and the 28% GST.

Posted in GST | 1 comments | 4305 Views

Punjab GST Dept Seizes 51 Trucks for Tax Evasion

25 August 2023 at 08:46

The Punjab Goods and Services Tax (GST) department impounded 51 trucks loaded with scrap and steel goods in Mandi Gobindgarh on Wednesday, August 24, 2023, for evading taxes.

Posted in GST | 4800 Views

GSTN releases Advisory on Mera Bill Mera Adhikaar Scheme

25 August 2023 at 08:44

As per the direction from the Government, the GSTN has developed and launched a mobile application (available on iOS and Android platforms) and also a web portal for the "Mera Bill Mera Adhikaar" scheme.

Posted in GST | 7497 Views

Kerala GST Dept issued SOP to Monitor Ineligible IGST ITC Reversal in GSTR-3B

23 August 2023 at 08:47

Kerala GST Department has issued a Standard Operating Procedure (SOP) for monitoring ineligible IGST input tax credit (ITC) reversal by taxpayers in return form GSTR 3B. The SOP was issued on August 21, 2023.

Posted in GST | 1 comments | 7725 Views

Entry-Level GST Ruling May Cut Tax for E-Gaming Firms

23 August 2023 at 08:46

The key issue revolves around whether the 28% GST should be applied to the full face value of bets only at the entry level or at every stage of betting.

Posted in GST | 2409 Views

Mera Bill Mera Adhikar Scheme: App launched by GOI to earn cash prizes on uploading GST bill

22 August 2023 at 14:30

The 'Mera Bill Mera Adhikar' invoice incentive scheme is an initiative launched by the Indian government to encourage customers to request bills for their purchases and to promote the use of genuine invoices in business-to-consumer transactions.

Posted in GST | 43572 Views

10 People Held for Rs 15,000 Crore GST Fraud in Noida

22 August 2023 at 08:48

The Noida Police has issued non-bailable warrants against 10 people for defrauding the government of ₹15,000 crore by using fake input tax credit (ITC) documents.

Posted in GST | 12165 Views

50 Year Old Man Held for GST Invoice Fraud Worth Rs 147 Crore

22 August 2023 at 08:47

A 50-year-old man from Nerul, Navi Mumbai, has been arrested by the anti-evasion cell of the Central GST Belapur Commissionerate for his alleged role in a Rs 147 crore GST invoice scam

Posted in GST | 3816 Views

GSTN issued advisory on E-Invoice Glossary and Steps

19 August 2023 at 08:30

GSTN has prepared an informative resource in the form of an e-invoice glossary and a step-by-step guide for your reference.

Posted in GST | 5976 Views

Online Gaming Firms Confront Rs 45000 Crore Tax Demand Post 28% GST Levy

17 August 2023 at 08:55

CBIC has evaluated the GST liabilities of the gaming firms in India, and it has been found that they were taxed at 18% on their gross gaming revenue, which was meant for skill-based games, instead of the legally prescribed 28%.

Posted in GST | 7110 Views