GST News

GST Practitioners Raise Alarm Over Rule 37A

17 November 2023 at 08:42

In a recent development, the All Kerala GST Practitioners Association has raised alarm bells over the potential dampening effect on businesses due to the input tax credit (ITC) reversal mandated by Rule 37A.

Posted in GST | 8709 Views

CBIC Unveils 29 Updated Customs E-Brochures in Nov 2023

16 November 2023 at 08:58

CBIC Unveils Comprehensive Update with 29 E-Brochures, Transforming Customs Landscape

Posted in GST | 5136 Views

Kerala GST Dept Issues Operational Guidelines for Tax and Non-GST Remittance via e-Treasury Portal

16 November 2023 at 08:56

Kerala GST Department vide Trade Notice No. 18/2023 dated October 30, 2023 issued Operational instructions regarding the Payment of tax and other amounts including arrear demands issued in Acts other than GST through the e-Treasury Portal.

Posted in GST | 2448 Views

Govt Initiates Action Against Non-Issuance of E-Invoices by Mandated Taxpayers

16 November 2023 at 08:55

CBIC issued Instructions vide F. No. CBIC- 20006/15/2023-GST dated October 18, 2023 regarding the action in respect of non-issuance of e-invoices by notified class of taxpayers who are mandatorily required to issue e-invoice as per legal provisions.

Posted in GST | 4350 Views

GSTN issues Advisory for Online Compliance Pertaining to ITC mismatch - GST DRC-01C

15 November 2023 at 08:38

Difference in Input Tax Credit (ITC) available in GSTR-2B & ITC claimed in the GSTR-R3B

Posted in GST | 5736 Views

GSTN | ITC Reversal on Account of Rule 37(A)

15 November 2023 at 08:37

Vide Rule 37A of CGST Rules, 2017 the taxpayers have to reverse the Input Tax Credit (ITC) availed on such invoice or debit note, the details of which have been furnished by their supplier in their GSTR-1/IFF but the return in FORM GSTR-3

Posted in GST | 9540 Views

Advisory on Amnesty for Missed Appeal Filing Deadlines for Orders on or before March 31, 2023

11 November 2023 at 08:43

Advisory for the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline for the orders passed on or before March 31, 2023

Posted in GST | 5811 Views

October GST Collections Reflect Economic Activity, Not Tax Notices, Says CBIC

11 November 2023 at 08:42

In a recent statement, the CBIC revealed that the impressive rise in GST collections in October was primarily driven by robust economic activity within the country, dispelling rumors that it was solely due to tax notices issued to various companies.

Posted in GST | 4326 Views

FM Nirmala Sitharaman Stresses Inclusive Coverage of All Businesses under GST Ambit

10 November 2023 at 08:37

In a recent address, FM Nirmala Sitharaman highlighted the Finance Ministry's commitment to broadening the GST regime's reach, emphasizing the importance of including all businesses rather than merely focusing on revenue enhancement.

Posted in GST | 6585 Views

UltraTech Cement Faces GST Demand and Penalty Order of Rs. 2.28 Crore

09 November 2023 at 08:47

UltraTech Cement, a leading player in the cement industry, has encountered a GST setback as it received an order from the Assistant Commissioner, CGST & C. Ex Division 3, Bhavnaga

Posted in GST | 5523 Views