GST News

GST on Development Rights Faces Legal Pushback from Landowners

24 April 2025 at 08:43

Several landowners across India have approached various High Courts challenging the GST authorities' decision to impose GST on Joint Development Agreements (JDAs).

Posted in GST | 1 comments | 4542 Views

CBIC Amends Customs Circular to Replace 'Certificate of Origin' with 'Proof of Origin' under CAROTAR, 2020

23 April 2025 at 08:41

In a move to streamline trade procedures and align with international practices, the Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 14/2025-Customs dated April 21, 2025, amending Circular No. 38/2020-Customs.

Posted in GST | 1893 Views

Over 25,000 Fake Firms Detected for Rs 61,545 Crore ITC Fraud in FY 2024-25

23 April 2025 at 08:41

In a major crackdown on tax evasion under the GST regime, Central and State GST authorities have unearthed 25,009 fake firms involved in fraudulently claiming ITC worth a staggering Rs 61,545 crore during the financial year 2024-25, officials said.

Posted in GST | 1 comments | 864 Views

UAE-Based NRI Gets Rs 2.84 Crore GST Notice for Fake Firm, Alleges PAN Misuse

22 April 2025 at 08:29

In a shocking case of identity theft and alleged GST fraud, a 48-year-old NRI employed in an aviation consultancy firm in the UAE has filed a police complaint after receiving a GST demand notice of Rs 2.84 crore from the Income Tax Department

Posted in GST | 390 Views

GST Fraud of Over Rs 100 Crore Busted: Commerce Graduate Arrested

21 April 2025 at 08:35

In a major crackdown on tax evasion, the CGST department has unearthed a massive GST fraud of over Rs 100 crore, operated through a network of fake companies from a single shop located in a Faridabad mall.

Posted in GST | 1 comments | 4500 Views

No GST on UPI Payments Over Rs 2000, Says Government Amid Viral Rumors

19 April 2025 at 07:22

Claims that Government is considering levying Goods and Services Tax (GST) on UPI transactions over ₹2,000 are completely false, misleading, and without any basisThe claims that the Government is considering levying Goods and Services Tax (GST) on UP

Posted in GST | 1725 Views

CBIC Issues Instructions to Streamline GST Registration Process and Curb Harassment

18 April 2025 at 10:33

In a move aimed at striking a balance between facilitating genuine taxpayers and cracking down on fraudulent entities, the CBIC has issued Instruction No. 03/2025-GST to streamline the processing of GST registration applications.

Posted in GST | 4845 Views

Ice Cream Industry Appeals for GST Relief, Cites Nutrition and Affordability

18 April 2025 at 08:29

In a creative pitch to reduce GST on ice cream from 18% to 5%, the Indian Ice-cream Manufacturers' Association quoted Steve Jobs and highlighted affordability, nutrition, and unfair tax comparisons with other dairy products

Posted in GST | 1530 Views

E-Way Bill Generation Hits Record 12 Crore in March, Signalling Robust FY25 Close

17 April 2025 at 08:24

In a strong indication of buoyant year-end economic activity, e-way bill (EWB) generation surged to an all-time high of over 12 crore in March 2025, marking a significant 20% rise compared to the previous month.

Posted in GST | 3441 Views