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New e-Invoicing Mandate for Turnover Exceeding INR 5 Crores w.e.f 1st April 2024

   04 April 2024 at 08:58

If your turnover exceeds INR 5 crores in the financial year 2023-2024, you will be required to start e-Invoicing from the next financial year, i.e., from 1st April 2024 onwards

Posted in GST |   8097 Views

Zomato Faces Rs 23.26 Crore GST Demand for FY 2018-19

   02 April 2024 at 09:12

Zomato disclosed on Sunday that it has received an order for the fiscal year 2018-19 following an audit of GST returns and accounts conducted by the Assistant Commissioner of Commercial Taxes (Audit) in Karnataka.

Posted in GST |   2373 Views

GST Revenue in March 2024 Surge 11.5% YoY, Hits Rs 1.78 Lakh Crore Mark, Second-Highest Ever

   01 April 2024 at 17:25

Second highest monthly Gross GST Revenue collection in March at Rs 1.78 lakh crore; Records 11.5% y-o-y growth (18.4% on net basis)

Posted in GST |   423 Views

CBIC Issues Guidelines to Enhance Ease of Doing Business in CGST Investigations with Regular Taxpayers

   01 April 2024 at 09:15

CBIC has released Instruction No. 01/2023-24-GST (Inv.) on March 30, 2024, providing crucial guidelines aimed at streamlining investigations involving regular taxpayers under the Central Goods and Services Tax (CGST) regime.

Posted in GST |   4023 Views

CBIC Issues Guidelines For Officials To Prevent Taxpayer Harassment

   30 March 2024 at 08:43

The Central Board of Indirect Tax and Customs (CBIC) has recently approved a comprehensive Standard Operating Procedure (SOP) for officials of the Directorate General of GST Intelligence (DGGI).

Posted in GST |   3228 Views

CBIC Declares March 29-31, 2024 as Operational Days for Customs Field Formations

   29 March 2024 at 09:00

In a recent directive issued by the Central Board of Indirect Taxes and Customs (CBIC), all field formations of Customs across the country are mandated to remain operational on March 29th, 30th, and 31st, 2024.

Posted in GST |   2928 Views

DCB Bank Integrates with GST Portal for Seamless Tax Payments

   27 March 2024 at 08:51

DCB Bank, a forward-thinking private sector bank, has recently announced the successful implementation of its integration with the Goods and Service Tax (GST) payment portal.

Posted in GST |   1911 Views

CBI Initiates Action Against 3 GST Officials Over Alleged Rs 22 Lakh Bribe Demand

   26 March 2024 at 07:46

The Central Bureau of Investigation (CBI) has initiated legal action against two superintendents of central GST and another official over allegations of soliciting a hefty bribe amounting to Rs 22 lakh from a bullion trader. The incident, which unfol

Posted in GST  1 comments |   783 Views

Instructions Issued for Rectification of Assessment Orders u/s 161 of DGST Act 2017 for FY 2017-18

   23 March 2024 at 08:55

The Delhi Goods and Services Tax (GST) Department has recently issued significant instructions, aiming to streamline the rectification process for assessment orders under Section 161 of the DGST Act, 2017.

Posted in GST |   3120 Views

ICAI releases a Handbook on Compliances of GST in Banking Sector

   16 March 2024 at 07:47

The Handbook is bought with a view to help members to examine and substantiate GST compliance by banks specially while doing the Bank Branch/ Central Statutory and Concurrent Audit.

Posted in GST |   2700 Views