GST News

CBIC Updates Form GSTR-9: ITC as per GSTR-2A Replaced with GSTR-2B

10 October 2024 at 14:34

The Central Board of Indirect Taxes and Customs (CBIC), through Notification No. 20/2024 – Central Tax issued on October 8, 2024, has implemented a key amendment to FORM GSTR-9 under the Central Goods and Services Tax (CGST) Rules, 2017.

Posted in GST | 9237 Views

CBIC Sets Deadline for Filing Form GSTR-7: 10th of Next Month Starting 1st Nov 2024

10 October 2024 at 14:32

In a recent development, the CBIC has issued Notification No. 20/2024 - Central Tax on October 08, 2024, introducing a significant change to Rule 66 of the Central Goods and Services Tax (CGST) Rules.

Posted in GST | 684 Views

CBIC Introduces New Rule 164 for Waiver of Interest and Penalties in GST Proceedings

10 October 2024 at 09:20

The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 20/2024 – Central Tax on October 8, 2024, which brings new changes under Rule 164 of the GST rules, effective from November 1, 2024.

Posted in GST | 5145 Views

CBIC Notifies Reduction in Pre-Deposit Requirement for GST Appeals Effective 1st Nov 2024

10 October 2024 at 09:19

The Central Board of Indirect Taxes and Customs (CBIC), through Notification No. 20/2024 – Central Tax dated October 8, 2024, has introduced a significant amendment to the pre-deposit requirements for filing appeals under GST framework

Posted in GST | 2625 Views

CBIC Notifies Insertion of Section 74A in CGST Act, Effective from 1st Nov 2024

10 October 2024 at 09:18

The Central Board of Indirect Taxes and Customs (CBIC), through Notification No. 20/2024 – Central Tax dated October 8, 2024, has introduced a significant amendment in the Central Goods and Services Tax (CGST) Act.

Posted in GST | 2142 Views

CBIC Introduces Rule 47A to CGST Rules: New 30-Day Time Limit for Issuing Tax Invoices Under RCM

10 October 2024 at 09:18

On October 8, 2024, the Central Board of Indirect Taxes and Customs (CBIC), through Notification No. 20/2024 – Central Tax, introduced Rule 47A into the Central Goods and Services Tax (CGST) Rules, 2017.

Posted in GST | 1 comments | 6789 Views

CBIC Notifies Amendments to GST Rules with New Procedure for Waiver of Interest and Penalty u/s 128A

10 October 2024 at 09:16

On October 8, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 20/2024 – Central Tax, introducing amendments to the Central Goods and Services Tax (CGST) Rules, 2017, under Rule 164.

Posted in GST | 3135 Views

Senior Journalist Among 6 Arrested in Gujarat GST Scam: Raids Uncover 200 Fake Firms

10 October 2024 at 09:15

Following a complaint regarding GST evasion, the Ahmedabad Crime Branch has taken significant action across the state, conducting raids at 14 locations, including Ahmedabad, Junagadh, Surat, Kheda, and Bhavnagar.

Posted in GST | 576 Views

28% GST Review: Online Gaming Industry's Top Priority One Year On

10 October 2024 at 09:15

It has been one year since the implementation of the 28% GST on online gaming in India. While both companies and consumers have adjusted to the higher tax rate, a review of this levy remains a top priority for industry stakeholders.

Posted in GST | 462 Views

CBIC Notifies Waiver Procedure for Interest and Penalty on Tax Demands u/s 73 of CGST Act for FY 2017-2020

09 October 2024 at 09:34

In a significant relief for taxpayers facing tax demands from prior financial years, the CBIC has issued Notification No. 21/2024–Central Tax outlining the procedure and conditions for the waiver of interest, penalty, or both

Posted in GST | 5031 Views