GST News

CBIC Issues Notification No. 06/2025: Key GST Rate Amendments for 2025

18 January 2025 at 07:54

IntroductionThe Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 06/2025 on January 16, 2025, introducing significant amendments to GST rates and provisions.

Posted in GST | 5433 Views

CBIC Notifies Amendments to GST Rate Framework

18 January 2025 at 07:54

IntroductionIn a significant move to enhance clarity in GST compliance, the Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 07/2025 – Central Tax (Rate) on January 16, 2025.

Posted in GST | 4350 Views

Commercial Tax Department Tightens Vigilance on Fake GST Credit Claims

16 January 2025 at 08:50

In response to the increasing cases of fake GST credit claims, the commercial tax department has introduced proactive measures to curb fraud at its roots.

Posted in GST | 669 Views

GSTAT Setup Delayed: Tribunals May Take Another Six Months to Become Operational

16 January 2025 at 08:49

According to a report, the much-awaited Goods and Services Tax Appellate Tribunals (GSTAT) might not be functional until mid-2025, as delays in state-level appointments and infrastructure allocation persist.

Posted in GST | 2475 Views

GST Appeal Withdrawal Process Simplified: Key Update for Waiver Scheme Applicants

15 January 2025 at 08:05

One of the eligible conditions for filing application under waiver scheme is to withdraw the appeal applications filed against the demand order/notice/statement for which waiver application is to be submitted.

Posted in GST | 8790 Views

Generation Date for Draft GSTR-2B for Dec 2024 Revised to 16th Jan 2025

15 January 2025 at 07:58

In line with the recent extensions in due dates for filing GSTR-1 and GSTR-3B returns for Dec 2024, as notified under Notifications No. 01/2025 and 02/2025 issued on January 10, 2025, the generation of the Draft GSTR-2B for Dec 2024 has been rescheduled.

Posted in GST | 6030 Views

CBIC Amends Guidelines on Arrest and Bail Under CGST Act, 2017

14 January 2025 at 08:02

The Central Board of Indirect Taxes and Customs (CBIC) has issued Instruction No. 01/2025-GST, amending previous guidelines for arrest and bail in offences punishable under the CGST Act, 2017.

Posted in GST | 3606 Views

E-Way Bills Touch Second-Highest Level in Two Years, Indicating Economic Momentum

14 January 2025 at 08:00

E-way bill generation by businesses in India reached its second-highest level in December 2024, marking a robust 17.6% year-on-year growth.

Posted in GST | 549 Views

Gang of Fake Income Tax Officers Busted in Gujarat, Mastermind a GST Inspector

14 January 2025 at 08:00

In a dramatic turn of events, police in Dahod, Gujarat, have busted a gang of seven individuals who posed as Income Tax officers to extort money from a businessman in Sukhsar village.

Posted in GST | 840 Views

Tax Professionals Urge Govt to Enhance GST IMS for Better Compliance

14 January 2025 at 08:00

The body of tax professionals has called on the government to make the recently introduced Invoice Management System (IMS) on the Goods and Services Tax (GST) portal more user-friendly.

Posted in GST | 552 Views