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CBIC Clarifies GST Laws with 16 New Circulars Issued on 26th June 2024 for Enhanced Compliance

   27 June 2024 at 16:10

CBIC issued 16 crucial circulars dated 26th June 2024 under the Goods and Services Tax (GST) regime, aimed at clarifying various aspects of the tax law and ensuring smoother compliance.

Posted in GST |   8748 Views


GST Council Proposal: Gaming Companies Set to Gain from Rs 1 Lakh Crore Retro Tax Waiver

   27 June 2024 at 09:08

The Goods and Services Tax (GST) Council's recent recommendation to introduce an amendment allowing the government to overrule retrospective tax demands has sparked hope among India's cash-rich real money gaming (RMG) companies

Posted in GST |   2685 Views


Tamil Nadu, UP and Maharashtra Lead in Monthly GST Return Filing

   27 June 2024 at 09:00

Uttar Pradesh, Tamil Nadu, and Maharashtra have emerged as frontrunners in filing GST returns on a monthly basis, highlighting their economic prowess, according to data from GSTN, the company processing tax returns.

Posted in GST |   1920 Views


General Insurance Sector Receives Rs 18K Crore Relief as GST Council Drops Tax Demand

   27 June 2024 at 08:59

In a significant move ahead of the Union Budget, the general insurance sector has received a substantial relief amounting to over Rs 18,000 crore.

Posted in GST |   504 Views


GST Council to Reconstitute 3 GoMs as 11 New State Ministers Join

   26 June 2024 at 08:54

On Saturday, the 53rd GST Council meeting marked a significant shift as 11 new ministers from states including Andhra Pradesh, Bihar, Chhattisgarh, Haryana, Madhya Pradesh, Mizoram, Odisha, Rajasthan, Sikkim, Telangana, and Tripura joined the council.

Posted in GST |   2856 Views


Maruti Suzuki Faces Rs 5.4 Crore GST Demand Notice

   25 June 2024 at 09:00

Maruti Suzuki India Limited (MSIL), the nation's largest car manufacturer, has been issued a Goods and Services Tax (GST) demand notice amounting to Rs 5.4 crore

Posted in GST |   642 Views


Businesswoman Arrested in Rs 10,000 Crore GST Fraud Case by Noida Police

   25 June 2024 at 09:00

The Noida Police have successfully apprehended a 40-year-old businesswoman from Coimbatore, Tamil Nadu, for her alleged involvement in a massive ₹10,000 crore Goods and Services Tax (GST) fraud. T

Posted in GST |   2166 Views


53rd GST Council Meeting: List of New Rate Changes for Goods and Services

   25 June 2024 at 09:00

FM chaired a crucial pre-Budget consultation with finance ministers of states and Union Territories. This significant meeting was followed by the 53rd meeting of the GST where several pivotal decisions were made to streamline taxation.

Posted in GST |   5457 Views


Gaming Industry Faces Continued Uncertainty Following 53rd GST Council Meeting

   24 June 2024 at 08:58

The gaming industry is reeling from the recent GST Council meeting, which failed to address its plea for a revised tax structure.

Posted in GST |   2421 Views


53rd GST Council Meeting: Key Highlights

   22 June 2024 at 20:28

The 53rd GST Council meeting, held today, introduced several significant changes aimed at easing the tax burden on taxpayers and reducing litigation.

Posted in GST |   12243 Views