GST News
SGST Arrests Rajkot Businessman for Rs 8.7 Crore Tax Evasion in Crude Chemical Trade
14 August 2023 at 08:34One person has been arrested for ₹8.7 crore GST evasion in Gujarat. The accused, Devang Nathwani, is the key person handling the affairs of Eagle Marketing, which is involved in trading of crude chemicals.
Lok Sabha passes GST Amendment Bills to impose 28% tax on online gaming, casinos and race clubs
12 August 2023 at 08:47The Lok Sabha passed two bills on Friday to amend the Goods and Services Tax (GST) laws to levy a 28% tax on online gaming, casinos, and race clubs. The bills were introduced by Finance Minister Nirmala Sitharaman in the lower house of Parliament.
Main Users Grant Sub-Users Access to e-Invoices and EWB Management
10 August 2023 at 09:01The GST, e-Invoice System issued an update on August 9, 2023, stating that sub-users can now access e-Invoices generated by the main user and perform View/Cancel/Generate EWB.
GST Amendment Bill of 28% on Online Gaming Gets Cabinet Approval
10 August 2023 at 09:00The Union Cabinet has approved the bill to amend the GST rate to 28% on online gaming, casinos, and horse racing in India. The bill will be presented in the ongoing monsoon Parliament Session and is expected to be enforced by October 1.
ICICI Lombard gets Rs 273 Crore GST Notice on Motor Insurance Settlements
10 August 2023 at 08:59ICICI Lombard General Insurance has received a tax demand notice from the Directorate General of GST Intelligence for a sum of ₹273.44 crore.
Minister of State, Shri Pankaj Chaudhary Provides Insights into Queries on GST Portal Glitch
09 August 2023 at 08:58The Minister of State for Finance, Shri Pankaj Chaudhary, assured taxpayers that the government is committed to providing a smooth and reliable GST portal.
Minister of State, Shri Pankaj Chaudhary Clarifies Queries on GSTN's Status Under PMLA
09 August 2023 at 08:58The Minister of State for Finance, Shri Pankaj Chaudhary, recently clarified various questions about the Goods and Services Tax Network (GSTN) being brought under the Prevention of Money Laundering Act (PMLA).
Gaming Giants Hit Hard: MPL Cuts Staff 50%, Quizy Closes After GST Hike
09 August 2023 at 08:56The gaming industry is experiencing significant challenges following the decision by the GST Council to impose a 28% tax on the full player deposit value in online money gaming.
14,277 GST Appeals Pending: Finance Ministry Addresses Central Tax Disputes
08 August 2023 at 08:31The Minister of State for Finance, Pankaj Chaudhary, informed the Parliament that there are 14,227 appeals pending during the 2023-24 fiscal year, up from 11,899 appeals as of March 2023.
CBIC notified CGST (Second Amendment) Rules, 2023
07 August 2023 at 08:37The Central Board of Indirect Taxes and Customs (CBIC) notified the CGST (Second Amendment) Rules, 2023 on August 4, 2023. The rules were notified in order to implement the recommendations of the 50th GST Council Meeting held on July 11, 2023.
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