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Unemployed Man Duped in Rs 250 Crore GST Fraud After Falling for Job Scam

   04 September 2024 at 09:08

IntroductionAshwani Kumar, a young man from Barsu village in Muzaffarnagar, Uttar Pradesh, was struggling to find employment when he received what seemed to be a lifeline - a job offer through a WhatsApp call.

Posted in GST |   2769 Views


Nitin Gadkari Urges GST Reduction on Flex Fuel Vehicles to 12% to Boost Bioenergy Adoption

   04 September 2024 at 09:07

Union Minister for Road Transport and Highways, Nitin Gadkari, has made a compelling case for reducing the Goods and Services Tax (GST) on flex-fuel vehicles to 12%, down from the current 28% levied on internal combustion engine (ICE) vehicles.

Posted in GST |   1851 Views


GSTN issues Advisory on Reporting of supplies to unregistered dealers in GSTR1/GSTR 5

   04 September 2024 at 09:05

Govt has reduced the threshold limit for reporting of invoice-wise details of inter-state taxable outward supplies made to unregistered dealers from 2.5 Lakh to 1 Lakh

Posted in GST |   1026 Views


GSTN Introduces New Invoice Management System (IMS) for Invoice Corrections

   03 September 2024 at 13:34

To enable taxpayers to efficiently address invoice corrections/amendments with their suppliers through the portal, a new communication process called the Invoice Management System (IMS) is being brought up at portal.

Posted in GST |   3687 Views


GSTN Updates "Bank Accounts" Section Interface in Non-Core Fields Amendment on GST Portal

   03 September 2024 at 09:13

The Goods and Services Tax Network (GSTN) has recently rolled out an update to the "Bank Accounts" section within the "Amendment of Registration Non-Core Fields" on the GST portal.

Posted in GST |   816 Views


Vodafone Idea Hit with Nine GST Notices Demanding Rs 73 Crore

   03 September 2024 at 09:10

Debt-laden telecom giant Vodafone Idea is facing fresh challenges as it has been hit with Goods and Services Tax (GST) demand notices totalling Rs 73 crore from various tax offices across India.

Posted in GST |   1731 Views


Infosys Hit with Rs 3 Crore Tax Penalty Over Alleged Discrepancies in ITC and Payments

   02 September 2024 at 08:59

Infosys has been issued a penalty notice exceeding Rs 3 crores by the Deputy Commissioner of Commercial Taxes in Bengaluru. The penalty, which pertains to alleged discrepancies in tax payments and the excessive use of ITC for the financial year 2019-20

Posted in GST |   3387 Views


Siemens Hit with Rs 29.4 Crore Tax Demand from Income Tax Department

   02 September 2024 at 08:58

Technology giant Siemens Ltd announced on Friday, August 30, that it has received a new tax demand order from the Deputy Commissioner of Income Tax, Circle 8(2)(1), amounting to approximately ₹29.4 crore. This demand was disclosed in a stock exchange

Posted in Income Tax |   669 Views


GST Collections Surge 10% in August to Rs 1.75 Lakh Crore

   02 September 2024 at 08:56

Gross and Net GST revenue collections for the month of Aug, 2024

Posted in GST |   1716 Views


Shipping Corporation Faces Rs 160 Crore GST Demand for FY20 Due to Input Credit Mismatch

   31 August 2024 at 09:13

On Thursday, August 29, 2024, state-owned Shipping Corporation of India Ltd (SCI) announced it had received a significant demand order from the Deputy Commissioner of State Tax in Mumbai, amounting to ₹160.37 crore.

Posted in GST |   699 Views



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