GST News

GST to set up 5 forensic laboratories to counter digital savvy evaders

23 January 2023 at 08:36

CBIC has got approval for setting up five inhouse digital forensic laboratories in Directorate General of GST intelligence. This inhouse mechanism aims to facilitate investigation in tax evasion.

Posted in GST | 4113 Views

End of GST compensation to jolt six states most, says RBI

20 January 2023 at 08:44

The economies of half-a-dozen states are set to be "most severely affected" because of the termination of the goods and services tax compensation programme in June last year, a Reserve Bank of India report on state finances said.

Posted in GST | 5520 Views

GST Portal issues advisory on taxpayers facing issue in filing GSTR-3B

17 January 2023 at 08:36

According to Hon'ble Supreme Court’s directive filing of TRAN forms was made available for aggrieved taxpayers during 01.10.2022 to 30.11.2022.

Posted in GST | 10860 Views

Advisory on facility of 'Initiating Drop Proceedings' of Suspended GSTINs due to Non-filing of Returns

17 January 2023 at 08:33

Recently, a functionality of "Automated Drop Proceedings" of GSTINs suspended due to non-filing of returns has been implemented on the GST Portal.

Posted in GST | 6894 Views

GST not payable on Govt incentive to banks for promoting low value BHIM-UPI transactions

16 January 2023 at 07:48

Incentives paid by the government to banks for promoting RuPay debit cards and low-value BHIM-UPI transactions will not attract GST, the Finance Ministry said.

Posted in GST | 5196 Views

CBIC issued clarification regarding applicability of GST on certain services

14 January 2023 at 08:45

The CBIC vide Circular No. 190/02/2023- GST dated January 13, 2022 has issued clarifications regarding the applicability of GST on certain services.

Posted in GST | 6660 Views

CBIC issued clarification regarding GST rates and classification of certain goods based on the recommendations of 48th GST Council Meeting

14 January 2023 at 08:42

The CBIC vide Circular No. 189/01/2023-GST dated January 13, 2022 has issued clarification regarding GST rates and classification of certain goods based on the recommendations of the GST Council in its 48th meeting held on December 17, 2022.

Posted in GST | 5748 Views

GSTN issues advisory on "Initiating Drop Proceeding" by taxpayers

13 January 2023 at 08:42

Recently, a functionality of Automated Drop Proceedings of GSTINs suspended due to non-filing of returns has been implemented on the GST Portal.

Posted in GST | 7218 Views

New functionalities deployed on GST Portal for taxpayers - Dec 2022

13 January 2023 at 08:38

New Functionalities made available for Taxpayers on GST Portal (December, 2022)

Posted in GST | 9792 Views

GSTN enabled functionality to furnish Letter of Undertaking (LUT) for FY 2023-2024

10 January 2023 at 08:29

The Goods and Services Tax Network ("GSTN") has enabled the functionality to furnish a Letter of Undertaking ("LUT") for the Financial Year 2023-2024 on the GST Portal.

Posted in GST | 7953 Views