GST News
4900 Fake GST Registrations Cancelled, Rs 15000 Crore Tax Evasion Busted
07 July 2023 at 08:54As 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.
CBIC announces interest rate reduction for late tax payment & wrongly availed ITC
06 July 2023 at 08:46CBIC issued a clarification on July 1, 2023, to reduce the interest rate on wrongly availed and utilized ITC from 24% to 18%.
CBIC waives GSTR-9 & GSTR-9C Filing for turnover up to Rs 2 crores and 5 crores
05 July 2023 at 08:28Central 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
Delhi Govt provides relief to taxpayers by waiving late fee for annual returns
05 July 2023 at 08:27Delhi Government has waived the late fee for filing Annual Returns of registered taxpayers.
GST Authorities turn their focus on Credit Card and E-tail Partnerships
04 July 2023 at 08:47In 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.
FM hails 'Exemplar' GST regime for lightening tax burden on people
04 July 2023 at 08:46Finance Minister Nirmala Sitharaman has said that the Goods and Services Tax (GST) regime has reduced the tax burden on people and created an efficient federal institution with high revenue buoyancy for states.
Centre to introduce new rules for GST Appellate Tribunals
04 July 2023 at 08:44The Centre is expected to soon notify rules for setting up GST appellate tribunals. This was announced by a senior CBIC official on Monday, July 3, 2023.
CBIC to implement Biometric Authentication and Geo-Tagging to curb GST Fraud
03 July 2023 at 15:59The Central Board of Indirect Taxes and Customs (CBIC) has identified over 12,000 fake entities in GST registration. These entities were used to claim fake Input Tax Credit (ITC) and defraud the exchequer.
GSTN launches Real-Time Refund Application Tracking for Taxpayers
03 July 2023 at 09:01GSTN enabled online facility for the Taxpayers to track status of refund application in real time
GSTN Enabled Appeal Application Withdrawal for Taxpayers to Rectify Errors
03 July 2023 at 09:00GSTN enabled the new facility to withdraw the appeal application introduced for Taxpayers, in case there are errors in the appeal application.
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