GST News

GSTN | Geocoding Functionality Now Live for All States and Union Territories

08 July 2023 at 08:55

GSTN is pleased to inform that the functionality for geocoding the principal place of business address is now live for all States and Union territories

Posted in GST | 6021 Views

Karnataka GST Dept takes initiatives to improve GST compliance

07 July 2023 at 16:50

Karnataka GST Department issued Circular No. GST-03/2023-24 on June 13, 2023. The circular outlined a number of measures that the department will be taking to ensure revenue collection, compliance, and effective GST Audit.

Posted in GST | 4389 Views

GSTR-3B Tab Access Restricted Until GSTR-1 Filing Completion

07 July 2023 at 08:58

GSTR-3B tab on the GST Portal will not open before the filing of GSTR-1.

Posted in GST | 12063 Views

GST Officers Kidnapped for Ransom; Hyderabad Police Arrest 4, Including Scrap Dealer

07 July 2023 at 08:55

Two GST intelligence officers were allegedly assaulted and kidnapped by a scrap dealer and his associates in Hyderabad on Wednesday.

Posted in GST | 6585 Views

GST Council Strengthens Registration Rules, Physical Verification Mandatory for High Risk Cases

07 July 2023 at 08:55

GST Council is likely to tighten the registration rules in its meeting on July 11, 2023. One of the key changes being proposed is to make physical verification mandatory in "high risk" cases.

Posted in GST | 2910 Views

4900 Fake GST Registrations Cancelled, Rs 15000 Crore Tax Evasion Busted

07 July 2023 at 08:54

As of July 4, 2023, GST authorities have cancelled over 4,900 fake GST registrations and detected tax evasion of over Rs 15,000 crore during the ongoing two-month drive to weed out fake GSTINs. The drive, which began on May 16, will end on July 15.

Posted in GST | 2580 Views

CBIC announces interest rate reduction for late tax payment & wrongly availed ITC

06 July 2023 at 08:46

CBIC issued a clarification on July 1, 2023, to reduce the interest rate on wrongly availed and utilized ITC from 24% to 18%.

Posted in GST | 16239 Views

CBIC waives GSTR-9 & GSTR-9C Filing for turnover up to Rs 2 crores and 5 crores

05 July 2023 at 08:28

Central Board of Indirect Taxes and Customs (CBIC) has waived the filing of annual returns through Form GSTR-9 and GSTR-9C for turnover up to 2 crores and 5 crores respectively

Posted in GST | 18093 Views

Delhi Govt provides relief to taxpayers by waiving late fee for annual returns

05 July 2023 at 08:27

Delhi Government has waived the late fee for filing Annual Returns of registered taxpayers.

Posted in GST | 6831 Views

GST Authorities turn their focus on Credit Card and E-tail Partnerships

04 July 2023 at 08:47

In a move aimed at enhancing tax compliance and revenue generation, the Goods and Services Tax (GST) authorities are closely scrutinizing credit card and e-tail (electronic retail) partnerships.

Posted in GST | 5946 Views