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GST News


GST Collections Slow to 6.5% in September, Totaling Rs 1.73 Lakh Crore

   02 October 2024 at 09:41

GST revenue growth rate slowed to 6.5% in September, with collections totalling Rs 1.73 lakh crore, according to government data released on Tuesday.

Posted in GST |   1311 Views


Over 150 Suspicious Agencies in Himachal Pradesh Under Investigation for GST Fraud

   02 October 2024 at 09:39

The Excise and Taxation Department of Himachal Pradesh is investigating over 150 agencies registered under fraudulent means, as part of a nationwide crackdown on fake GST registrations.

Posted in GST |   528 Views


Insurance Companies Face Rs 20,000 Crore GST Liability for Rule Violations: DGGI

   02 October 2024 at 09:36

The DGGI has uncovered significant GST violations by insurance companies, revealing that many have failed to pay GST on services provided to employees in Special Economic Zone (SEZ) units.

Posted in GST |   1497 Views


Infosys GST Case: Decision Pending Reply from IT Company, Says DGGI

   02 October 2024 at 09:35

The Directorate General of GST Intelligence (DGGI) has been investigating Infosys since 2020 in connection with tax evasion allegations related to the import of services from its branch offices abroad.

Posted in GST  1 comments |   1347 Views


New Mechanism to Curb GST Fraud in ITC Claims Expected by November

   02 October 2024 at 09:32

The Union Ministry of Finance is advancing efforts to curb fraudulent Input Tax Credit (ITC) claims related to the Goods and Services Tax (GST) paid under the Reverse Charge Mechanism (RCM).

Posted in GST |   1893 Views


GSTN Issues Advisory On e-Services App to Replace e-Invoice QR Code Verifier App

   02 October 2024 at 09:31

GSTN is pleased to inform the launch of the new GSTN e-Services app, which replaces the old e-Invoice QR Code Verifier App.

Posted in GST |   381 Views


CBIC Amends Customs Exemptions & Concessions to Align HS Codes with Finance (No. 2) Act 2024

   02 October 2024 at 09:30

In a significant move to streamline customs operations, the Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 45/2024-Customs, effective October 1, 2024.

Posted in GST |   1152 Views


GST Officials Arrested for Extortion: Rs 69 Lakh Cash and Gold Recovered

   01 October 2024 at 09:08

In a shocking case of corruption, the Organised Crime Division of the police recovered ₹69 lakh in cash and 306 grams of gold from four GST officials arrested earlier in September for allegedly kidnapping and extorting ₹1.5 crore from businessman

Posted in GST |   1887 Views


SpiceJet Clears GST Dues Just Days After Raising Rs 3,000 Crore Through QIP

   30 September 2024 at 09:12

Budget airline SpiceJet has taken a crucial financial step by settling all its Goods and Services Tax (GST) dues on Friday, just one day after resolving all outstanding salary arrears for its employees.

Posted in GST |   1428 Views


CBIC to Deploy Technology Solutions to Resolve GST Data Mismatches and Disputes

   30 September 2024 at 09:11

In a significant move to address the growing issue of data discrepancies in tax return filings, the CBIC is set to introduce advanced technological solutions to resolve mismatches and reduce related disputes.

Posted in GST |   3198 Views



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