GST News

Revenue Secretary Vows to Curb GST Flexibility Abuse by Buyers and Sellers

06 February 2024 at 07:53

In a recent interview, Revenue Secretary Sanjay Malhotra unveiled the government's proactive stance towards curbing Goods and Services Tax (GST) evasion, emphasizing measures to prevent abuse of corrective flexibility granted to businesses.

Posted in GST | 2271 Views

GST Appellate Tribunals (GSTAT) Anticipated to Launch by July or August 2024

06 February 2024 at 07:51

In a recent interview, Revenue Secretary Sanjay Malhotra disclosed that the long-awaited Goods and Services Tax (GST) Appellate Tribunals, aimed at resolving taxpayer disputes within the indirect tax framework, are on the cusp of commencing operations.

Posted in GST | 4455 Views

Enhanced GST System Introduced with Innovative e-Invoice Portal

05 February 2024 at 09:20

The Government of India, in collaboration with States and Union Territories, has unveiled an upgraded Goods and Services Tax (GST) system, incorporating the advanced e-Invoice System.

Posted in GST | 1 comments | 5769 Views

GST Council Contemplates Pan-India Biometric Authentication Rollout for Registration, Says CBIC Chief

05 February 2024 at 09:18

In a significant move to combat fraudulent practices in GST registration, the GST Council is considering a proposal to make biometric-based Aadhaar authentication mandatory pan-India for individuals deemed suspicious, seeking GST registration

Posted in GST | 3243 Views

DGGI Unearths 1,700 Fraudulent ITC Cases Worth Rs 18,000 Crore; 98 Arrests in FY 2023-24

05 February 2024 at 09:14

DGGI detects 1,700 fraudulent ITC cases involving Rs. 18,000 crore with 98 arrests in Financial Year 2023-24 (up to December 2023)

Posted in GST | 2397 Views

Maharashtra GST Dept Unveils Guidelines for SGST Reimbursement on Movie Tickets

03 February 2024 at 09:21

The Maharashtra GST Department has issued Trade Circular No. 01T of 2024 dated January 29, 2024. The circular outlines a comprehensive procedure for the submission and processing of refund applications concerning the reimbursement of the SGST component.

Posted in GST | 2628 Views

GST Revenue Hits Record Rs 1.72 Lakh Crore during Jan 2024, Surges by 10.4% YoY

01 February 2024 at 08:43

1,72,129 crore gross GST revenue collected during January 2024; records 10.4% Year-on-Year growth

Posted in GST | 4707 Views

GST Officials Urged to Ditch Public Emails For Official Communication Amid Rising Phishing Threats

30 January 2024 at 15:23

CBIC Issues Circular Mandating Transition to Gov.in/Nic.in Email IDs for Customs & GST OfficialsIn a move aimed at bolstering cybersecurity measures, the office of the Directorate General of Systems & Data Management of the central government

Posted in GST | 5661 Views

GST Evasion: Chandigarh Immigration Firms Face Scrutiny

30 January 2024 at 09:20

In a proactive move to curb potential tax evasion, six teams from the Goods and Services Tax (GST) Department recently conducted raids on multiple immigration firms in the city.

Posted in GST | 2817 Views

GTRI Urges CBIC to Simplify Notifications for Enhanced Industry Understanding

29 January 2024 at 09:06

In a bid to enhance industry understanding and compliance, the Global Trade Research Initiative (GTRI) has urged CBIC to simplify the complex language used in its notifications regarding customs duties.

Posted in GST | 2277 Views