GST News
Mahindra & Mahindra Fined Over Rs 56 Lakh for GST Credit Transfer Error in Two-Wheeler Business
29 December 2023 at 09:23Mahindra & Mahindra Ltd has disclosed that it is facing a penalty of over Rs 56 lakh for a procedural lapse related to the transfer of Input Service Distributor (ISD) credit from the pre-GST to the GST regime.
CBIC Extends Time Limit for Issuance of SCN and Order Passing in Non-Fraud Cases for FY 2018-19 and 2019-20
28 December 2023 at 21:57CBIC has taken a proactive step by issuing Notification No. 56/2023–Central Tax on December 28, 2023. This notification aims to extend the time limit prescribed under Section 73(10) of the Central Goods and Services Tax Act, 2017 ("the CGST Act").
Zomato Faces Rs 402 Crore GST SCN for Alleged Non-payment on Customer Delivery Charges
28 December 2023 at 09:24On December 28, Zomato Ltd, the popular online food delivery platform, revealed that it received a show cause notice (SCN) from the Goods and Services Tax (GST) office.
GSTN Expands Payment Options: Adds 2 New Banks, Totaling 25 for GST Transactions
28 December 2023 at 09:21The Goods and Services Tax Network ("GSTN") has added 2 new banks Karnataka Bank Limited and RBL Bank Limited, bringing the total number of banks accepting GST payments to 25.
GSTN Unveils Online Filing of Annexure-V for GTAs Opting for Forward Charge
28 December 2023 at 09:20The Goods and Services Tax Network (GSTN) has rolled out a highly anticipated feature, enabling the online filing of Annexure-V on the GST Portal. This feature is specifically tailored for newly registered GTAs choosing to operate under Forward Charge.
ICICI Lombard Receives GST Demand Notice of Over Rs 5.66 crore
28 December 2023 at 09:17ICICI Lombard General Insurance Company, a prominent player in the insurance sector, has encountered a significant setback as it received a demand notice for the alleged short payment of Goods and Services Tax (GST) amounting to over Rs 5.66 crore.
GST Amnesty Scheme Appeals: Eligibility and Forms Until 31st January 2024
27 December 2023 at 09:25In a proactive move to alleviate the challenges faced by taxpayers dealing with Goods and Services Tax (GST) issues, the Central Board of Indirect Taxes and Customs (CBIC) has unveiled a groundbreaking amnesty scheme.
Real Estate Developers Urge 18% GST Amendment on Corporate Guarantees in Representation to FM
27 December 2023 at 09:24Real estate developers have reportedly approached Finance Minister Nirmala Sitharaman, urging amendments to the recent circular imposing an 18% Goods and Services Tax (GST) on corporate guarantees
Assam GST Dept Adopts IIT Big Data Software for Automated DRC-01 Notices
27 December 2023 at 09:22The Assam GST Department issued Instruction No. 13/2023-GST dated December 26, 2023, regarding notices issued based on IIT Big Data Software.
Taxpayers Likely to File Revised GST Returns Starting April 2025
26 December 2023 at 10:43The Government is reportedly considering permitting the filing of updated or revised returns under the GST.
Popular News
- Rajasthan HC Seeks CBDT Clarity on Tax Audit Due Date Extension 2026: Final Instructions on 29th September
- Central Excise Duty Rates Revised: Rs 16 and Rs 10.5 Per Litre Effective 1st October 2026
- Supriya Sule Urges FM Sitharaman to Extend Tax Audit Due Date for AY 2026-27
- ICAI Delegation Meets CBDT Member Vatsala Jha, Raises Tax Audit Deadline Concerns
- CBDT Extends Tax Audit Due Date for AY 2026-27 to 21st October 2026; ITR Deadline Moved to 21st November
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
