GST News

GSTR-5, GSTR-6, GSTR-7 & GSTR-8 Filing Deadlines for Dec 2024 Extended

11 January 2025 at 08:58

In a series of notifications issued on January 10, 2025, the Central Board of Indirect Taxes and Customs (CBIC) announced extensions for various Goods and Services Tax (GST) compliance deadlines for the month of December 2024.

Posted in GST | 6699 Views

GSTR-1 & GSTR-3B Filing Deadlines for Dec 2024 Extended

10 January 2025 at 19:31

In a move aimed at easing compliance for taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) has issued two new notifications on January 10, 2025, extending the deadlines for filing key GST returns for the tax period ending Dec 2024

Posted in GST | 35289 Views

CGST Officers Detect Rs 15 Crore GST Evasion, Two Directors Arrested

10 January 2025 at 09:02

In a significant crackdown, the Preventive Wing of the Central Goods and Services Tax (CGST) department uncovered GST evasion of approximately Rs 15 crore through fraudulent Input Tax Credit (ITC) claims.

Posted in GST | 1407 Views

Insurance Industry Advocates GST Rate Reduction on Premiums with ITC Retention

10 January 2025 at 08:59

The insurance industry has submitted its recommendations for potential changes to GST rates to the Insurance Regulatory and Development Authority of India (IRDAI).

Posted in GST | 765 Views

GSTN Issues Advisory On Implementation of Mandatory Mentioning of HSN codes in GSTR-1 & GSTR-1A

10 January 2025 at 08:49

Advisory On Implementation of Mandatory Mentioning of HSN codes in GSTR-1 & GSTR-1A

Posted in GST | 5649 Views

DGGI Granted Powers to Block Online Money Gaming Apps Evading GST

09 January 2025 at 09:01

The Directorate General of GST Intelligence (DGGI) has been empowered to directly issue takedown notices to intermediaries to block online money gaming apps and websites evading Goods and Services Tax (GST).

Posted in GST | 1932 Views

Gems and Jewellery Industry Seeks GST Reduction to 1% Ahead of Union Budget

09 January 2025 at 09:00

The All India Gem and Jewellery Domestic Council (GJC) has urged the government to reduce Goods and Services Tax (GST) on the sector from the current 3% to 1% on a revenue equivalence ratio.

Posted in GST | 675 Views

Gujarat SGST Department Uncovers Rs 11.33 Crore Liability in Raids on Coaching Institutes

09 January 2025 at 08:57

The Gujarat State Goods and Services Tax (SGST) Department announced on Tuesday the uncovering of significant tax evasions during raids on 11 coaching institutes.

Posted in GST | 609 Views