GST News

Sale of Indian National Flag exempted from GST

09 July 2022 at 16:29

It has been clarified that the sale of the Indian National Flag, adhering to the Flag Code 2002 and its subsequent amendments, is exempt from GST.

Posted in GST | 1 comments | 4437 Views

GSTN removes negative balance in cash ledgers of some composition taxpayers

09 July 2022 at 08:39

Due to the reversal of amount in the cash ledger of some composition taxpayers, the balance in the cash ledgers had become negative.

Posted in GST | 1 comments | 4284 Views

CBIC issued Central Goods and Services Tax (Amendment) Rules, 2022

07 July 2022 at 16:29

In exercise of the powers conferred by section 164 of the CGST Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017

Posted in GST | 3183 Views

DGGI Mumbai Zonal Unit busts fake GST ITC of Rs. 35.11 Crores

07 July 2022 at 08:53

The Mumbai Zonal Unit of the Directorate General of GST Intelligence [DGGI-MZU] on Saturday, 2 July 2022 arrested Amanpuneet Singh Kohli, Director of M/s. Immensa Multiventures Pvt. Ltd. and six other Companies under the provisions of the CGST Act, 2017.

Posted in GST | 4398 Views

Scope for further pruning of GST exemption list: Revenue Secretary Tarun Bajaj

06 July 2022 at 08:33

Revenue secretary Tarun Bajaj on Tuesday said there is scope for further pruning of the GST exemption list and expressed hope that the "rough edges" in the indirect tax regime will be ironed out in the next 2-3 years.

Posted in GST | 3699 Views

GST e-invoicing to be made mandatory for companies with turnover of Rs 5 crore and above

05 July 2022 at 12:32

The Centre is reportedly considering making GST e-invoicing compulsory for entities with a turnover of Rs 5 crore from this financial year.

Posted in GST | 2 comments | 17790 Views

CBIC honours taxpayers contributing to the GST success story

02 July 2022 at 08:50

32 officers awarded with commendation certificate on 5th of GST Day

Posted in GST | 3210 Views

GST collection crosses Rs. 1.44 lakh crore for June 2022

01 July 2022 at 14:25

Rs. 1,44,616 crore gross GST Revenue collection for June 2022; increase of 56% year-on-year

Posted in GST | 3366 Views

GST rate changes to take effect from 18th July 2022

30 June 2022 at 08:41

Several goods and services will cost more from July 18 with the Goods and Services Tax (GST) Council approving an increase in rates to address inverted duty structures and withdrawing some exemptions.

Posted in GST | 21432 Views