GST News

Kerala GST Department Issues Guidelines for Sections 73 & 74 Notices

14 October 2023 at 08:43

In exercise of powers conferred under section 168 of KSGST Act 2017, the following circular instructions are issued to bring out uniformity in issuing notices while proceeding under section 73 and section 74.

Posted in GST | 4218 Views

Massive Rs 30,000 Crore Tax Evasion Scandal Unveiled in the Insurance Industry

14 October 2023 at 08:41

A seismic scandal has rocked the insurance industry as an internal income tax department assessment reveals a staggering evasion of nearly ₹30,000 crore in income tax since the inception of the Goods and Services Tax (GST) on July 1, 2017.

Posted in GST | 8334 Views

Bullion Trader Arrested for Rs 44 Crore GST Evasion

14 October 2023 at 08:41

In a significant development, a prominent bullion trader, Hitesh Lodhiya, found himself in the crosshairs of the Directorate General of GST Intelligence (DGGI) following his arrest in Rajkot.

Posted in GST | 3651 Views

Major GST Refund Scam Exposed: Rs 42 Crores Under Investigation

14 October 2023 at 08:40

In a significant breakthrough, the Commercial Taxes Department has uncovered a massive GST refund scam, exceeding ₹42 crores, sending shockwaves through the financial sector.

Posted in GST | 6897 Views

Clarification of GST Applicability on Gangajal Amidst Media Reports

13 October 2023 at 08:49

In a recent development, the Central Board of Indirect Taxes and Customs (CBIC) has issued a crucial clarification regarding the applicability of Goods and Services Tax (GST) on Gangajal, the holy water from the Ganges.

Posted in GST | 5016 Views

GSTN: Facility of enrolment for supply of goods through e-commerce operators by GST unregistered suppliers

13 October 2023 at 08:45

In terms of the recent amendments to the Act and the rules and notification number 34/2023 dated 31.07.2023, persons supplying goods through e-commerce operators shall be exempt from mandatory registration under the CGST Act

Posted in GST | 8628 Views

GSTN: Facility for e-commerce operators through whom unregistered suppliers of goods can supply goods

13 October 2023 at 08:44

GSTN has also provided APIs for ECOs (through whom unregistered persons can supply goods) to integrate with GSTN to obtain the details and facilitate the unregistered suppliers.

Posted in GST | 25740 Views

GST Raids Unearth Rs 8.1 Crore Evasion Across 52 Locations

12 October 2023 at 09:02

In a major operation to curb Goods and Services Tax (GST) evasion, officials carried out extensive raids at 52 locations spanning seven districts within the state.

Posted in GST | 3801 Views

Star Health and Allied Insurance Faces Rs 39 Crore GST Notice

11 October 2023 at 08:37

Star Health and Allied Insurance Company found itself in the spotlight as it received a significant notice from the Directorate General of GST Intelligence (DGGI) concerning a tax liability amounting to ₹38.99 crore.

Posted in GST | 2949 Views

GST Council to Address ITC Issue for Life Insurers, Easing LIC's Rs 290 Crore Demand

11 October 2023 at 08:36

In a recent development, the GST Council is gearing up to provide much-needed clarity on the input tax credit for life insurers, particularly in the context of a substantial demand of Rs 290 crore made on the Life Insurance Corporation (LIC).

Posted in GST | 3186 Views