GST News

GSTN Releases Advisory to Taxpayers on Extension of E-Way Bills Expired on 31st Dec 2024

02 January 2025 at 16:22

It is hereby informed that the technical challenges encountered in the e-way bill generation process have been resolved, and the portal is now functioning smoothly

Posted in GST | 732 Views

GST Collection Rises 7.3% YoY, Hits Rs 1.77 Lakh Crore in December 2024

02 January 2025 at 15:24

India's gross GST revenue for December 2024 reached Rs 1,76,857 crore, marking a 7.3% increase compared to December 2023's Rs 1,64,882 crore.

Posted in GST | 516 Views

CBIC Issues Clarifications on GST Treatment of Vouchers

02 January 2025 at 09:12

The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 243/37/2024-GST, dated December 31, 2024, to provide clarity on several issues related to the Goods and Services Tax (GST) treatment of vouchers.

Posted in GST | 4482 Views

CBIC Issues Clarification on ITC for E-Commerce Operators u/s 9(5) of the CGST Act

02 January 2025 at 09:09

In a significant update for e-commerce operators, the Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 240/34/2024-GST, dated December 31, 2024.

Posted in GST | 4326 Views

CBIC Clarifies ITC Eligibility for Goods Delivered Under Ex-Works Contracts

02 January 2025 at 09:06

CBIC has issued Circular No. 241/35/2024-GST dated December 31, 2024, addressing input tax credit (ITC) eligibility under clause (b) of sub-section (2) of Section 16 of the Central Goods and Services Tax (CGST) Act, 2017.

Posted in GST | 3936 Views

Kerala to Mandate E-Way Bill for Gold Transportation Above Rs 10 Lakh from 1st January

01 January 2025 at 08:00

Starting January 1, 2025, transporting gold worth more than ₹10 lakh in Kerala will require an e-way bill, as announced by State GST Commissioner Ajith Patil.

Posted in GST | 726 Views

Biometric Aadhaar Authentication Made Mandatory for GST Registration in Arunachal Pradesh

01 January 2025 at 08:00

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Arunachal Pradesh

Posted in GST | 525 Views

Trade Bodies and Tax Professionals Call for GST Reforms in Union Budget 2025

31 December 2024 at 09:12

As the Union Budget 2025 approaches, trade associations and tax professionals have voiced their expectations for significant changes to the Goods and Services Tax (GST) framework.

Posted in GST | 1947 Views

Deadline for Amnesty Scheme 2024 to Resolve Pre-GST Tax Arrears Ends 31st Dec

30 December 2024 at 09:04

The State GST Department has reminded taxpayers that the deadline to apply for the Amnesty Scheme 2024, aimed at resolving decades-old tax arrears under pre-GST tax regimes, is December 31, 2024.

Posted in GST | 1233 Views