GST News

Gross GST Revenue surpasses Rs 1.6 Lakh Crore in June 2023, Records 12% YoY Growth

01 July 2023 at 15:20

Gross GST collection crosses ₹1.6 lakh crore mark for 4th time since inception of GST; ₹1.4 lakh crore for 16 months in a row

Posted in GST | 2889 Views

Tata Sons Challenges Rs 1500 Crore GST Claim on Docomo Settlement

30 June 2023 at 08:59

Tata Sons has challenged a ₹1,500 crore tax demand on its $1.27 billion settlement with NTT Docomo in 2017. The settlement was reached over a now-defunct telecom joint venture between the two companies.

Posted in GST | 8583 Views

Youth's PAN and Aadhaar Details Used to Set Up Company for GST Fraud

30 June 2023 at 08:56

Hudkeshwar police have registered a case of fraud against Rahul Kamalkumar Jain and his wife Shruti, residents of Parwarpura, Itwari, for allegedly manipulating GST worth crores by misusing documents of a city youth.

Posted in GST | 5562 Views

GST Taxpayers in Gujarat Soar by 124% in Six Years

30 June 2023 at 08:55

The number of active GST taxpayers in Gujarat has increased by 124% in six years, from 5.08 lakh on July 1, 2017, when the new regime came into effect to 11.44 lakh now.

Posted in GST | 4359 Views

GSTN issues advisory on Online Compliance Pertaining to Liability / Difference Appearing in R1 - R3B (DRC-01B)

30 June 2023 at 08:54

Advisory: Online Compliance Pertaining to Liability / Difference Appearing in R1 – R3B (DRC-01B)

Posted in GST | 4110 Views

GST Officers Bust 30 Fake Firms, Uncover Rs 50 Crore ITC Scam

29 June 2023 at 16:48

The GST officers have busted a nexus of more than 30 fake firms, who have availed ineligible input tax credit (ITC) of over Rs 50 crore, the Finance Ministry said on Wednesday.

Posted in GST | 4206 Views

CGST Delhi Busts 30+ Fake Firms, Arrests Key Culprit in Drive Against Fake Registrations

29 June 2023 at 08:52

CGST Delhi West Commissionerate busts nexus of more than 30 fake firms and arrests a person in special drive against fake registrations

Posted in GST | 2880 Views

E-invoicing likely to be mandatory for GST businesses with above Rs 1.5 crore turnover from next year

28 June 2023 at 08:56

According to a recent report, the government is considering making e-invoicing mandatory for GST businessmen with an annual turnover above Rs 1.5 crore from next year.

Posted in GST | 39732 Views

GSTR-3B Filing Deadline Extended in Gujarat's Kutch, Jamnagar, Morbi, Patan and Banaskantha Districts for May 2023

28 June 2023 at 08:55

Due date for filing GSTR-3B for the month of May 2023 has been extended for taxpayers whose principal place of business is located in the districts of Kutch, Jamnagar, Morbi, Patan, and Banaskantha in the state of Gujarat.

Posted in GST | 10353 Views

ICICI Prudential Receives Rs 492 Crore GST Liability Notice

27 June 2023 at 16:15

ICICI Prudential Life Insurance has received a show-cause cum demand notice (SCN) from the Directorate General of GST Intelligence (DGGI) for an alleged tax liability of Rs 492.06 crore.

Posted in GST | 5268 Views