GST News

Apollo Tyres Faces Rs 2.06 Crore Tax Demand and GST Penalty

18 April 2024 at 08:52

Apollo Tyres Ltd disclosed that it has been served with a tax demand and penalty amounting to Rs 2.06 crore by the GST authority in Tamil Nadu. The issue mainly revolves around the company's utilization of ITC and other related matters.

Posted in GST | 786 Views

Kerala GST Department Guidelines: Issuance of orders u/s 107 and 108 of SGST/CGST/IGST Act

13 April 2024 at 07:31

The Kerala GST Department has issued a new circular, Circular No: 05/2024 dated April 06, 2024, providing guidelines on the issuance of orders under section 107 and 108 of SGST/CGST/IGST Act related to the numbering of appellate and revisional orders.

Posted in GST | 1020 Views

Delhi businessman arrested in GST Fraud Case, Claimed ITC through 35 fake companies

13 April 2024 at 07:30

On Wednesday, the Sector 20 police arrested Tushar Gupta, a multimillionaire and resident of Tilak Nagar in Delhi, who runs a packaging factory in north-west Delhi.

Posted in GST | 1824 Views

ICICI Prudential Faces Rs 20.50 Crore GST Demand for FY 2019

12 April 2024 at 08:49

ICICI Prudential Life Insurance Company Ltd (ICICI Pru) disclosed on Tuesday, April 9, 2024, that it has been served with a Goods and Services Tax (GST) demand order amounting to Rs 20.50 crore for the financial year 2018-19.

Posted in GST | 1 comments | 2268 Views

GSTR-1 Filing Due Date Extended till 12th April 2024

12 April 2024 at 08:48

GSTN has recommended to CBIC that the due date for filing of GSTR-1 for the monthly taxpayers be extended by a day ie till 12/4/24.

Posted in GST | 5454 Views

Fake GST Bills Worth Rs 13 Crore Generated Using Trader's ID

11 April 2024 at 09:05

In a startling revelation, it has come to light that two individuals allegedly exploited the GST registration ID and password of a scrap trader to fabricate invoices amounting to a staggering Rs 12.77 crore.

Posted in GST | 948 Views

CBIC Extends Deadline for New Manufacturing Procedure Implementation to 15th May 2024

11 April 2024 at 09:04

The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 08/2024, extending the timeline for the implementation of Notification No. 04/2024.

Posted in GST | 918 Views

GSTN Advisory: Auto-populate the HSN-wise summary from e-Invoices into Table 12 of GSTR-1

10 April 2024 at 08:57

GSTN is pleased to inform that a new feature to auto-populates the HSN-wise summary from e-Invoices into Table 12 of GSTR-1 is now available on the GST portal. ..

Posted in GST | 852 Views

GSTN Issues Advisory on Reset and Re-filing of GSTR-3B For Some Taxpayers

09 April 2024 at 15:02

This has reference to the facility for re-filing of GSTR-3B for some of the taxpayers.

Posted in GST | 2178 Views

Central & State GST Officials To Conduct Joint Audits of Firms

09 April 2024 at 13:32

Central and State GST authorities have initiated collaborative efforts to conduct business audits under the indirect tax framework, effective from the onset of this financial year.

Posted in GST | 2 comments | 3825 Views