GST News

GST collection at nearly Rs 1.56 lakh crore in January, second highest ever

01 February 2023 at 08:26

2nd highest Gross GST collection in January 2023, breaching earlier 2nd highest record in the Month of October 2022

Posted in GST | 3978 Views

GST e-invoice system incorporates new validations for all B2B transactions

31 January 2023 at 08:40

GST e-invoice System has issued an Update dated January 30, 2023 on new validations incorporated for all B2B transactions, selection of PoS State Code as '96-Other Country' is enabled for HSN related to Services by way of transportation of goods.

Posted in GST | 11109 Views

4 persons arrested for Rs 48 crore GST fraud in Jalandhar

31 January 2023 at 08:39

In a major operation against tax evaders, the GST wing of the Taxation Department, Punjab, on Monday arrested four persons for a fraud of Rs 48 crore from Jalandhar.

Posted in GST | 6132 Views

UP street vendor charged with Rs 366 crore GST fraud

30 January 2023 at 08:32

UP street vendor who makes ends meet by selling clothes on the streets of Muzaffarnagar with a turnover of roughly Rs 500 per day was shocked to find GST officials knocking on his door and charged with amassing Rs 366 crore through tax fraud.

Posted in GST | 3318 Views

GST Portal will soon allow negative values in Table 4 of GSTR-3B

28 January 2023 at 08:39

GSTN will soon allow negative values in Table 4 of GSTR-3B, allowing users to show the net off credit notes values in Table 4A which will make Table 8 of the GSTR-9 comparison consistent as per the Release Notes.

Posted in GST | 9948 Views

Launch of New GST Reports in ADVAIT

25 January 2023 at 08:39

The Directorate General of Systems & Data Management has issued an Update dated January 05, 2023 regarding the launch of New GST Reports in the Advanced Analytics in Indirect Taxation ("ADVAIT").

Posted in GST | 11574 Views

GST to set up 5 forensic laboratories to counter digital savvy evaders

23 January 2023 at 08:36

CBIC has got approval for setting up five inhouse digital forensic laboratories in Directorate General of GST intelligence. This inhouse mechanism aims to facilitate investigation in tax evasion.

Posted in GST | 4125 Views

End of GST compensation to jolt six states most, says RBI

20 January 2023 at 08:44

The economies of half-a-dozen states are set to be "most severely affected" because of the termination of the goods and services tax compensation programme in June last year, a Reserve Bank of India report on state finances said.

Posted in GST | 5553 Views