GST News

Legal Powerhouses from Gaming Industry Seek Prime Minister's Support

19 May 2023 at 08:36

Several top law firms representing the gaming industry, have written to the Prime Minister's Office (PMO) urging the GST Council to maintain the current taxation regime for the online gaming industry.

Posted in GST | 2790 Views

Special Drive Launched to Combat Tax Evasion through Fake GST Registrations

18 May 2023 at 08:37

With GST evasion crossing over Rs 1 lakh crore in 2022-23, Centre and state tax officers have initiated a two-month-long special drive to identify fake GST registration and nab offenders.

Posted in GST | 8262 Views

GST Probe Expands: 10 Additional Insurers to Receive Notices Soon

18 May 2023 at 08:36

The goods and services tax department has widened the probe against insurance companies for alleged wrongful availment of input tax credit.

Posted in GST | 3483 Views

GST Registration Advisory on New Functionality to view Aadhaar Authentication Status

17 May 2023 at 08:47

New functionality to view Aadhaar authentication status, to view/ download e-KYC documents for new registration applications and to upload e-KYC documents in PV report-reg.

Posted in GST | 11700 Views

GSTN enables option to file GSTR-9 & GSTR-9C for FY 2022-23

17 May 2023 at 08:47

GSTN has enabled the option to file Annual Return and Reconciliation Statement, namely Form GSTR-9 and GSTR-9C on the GST portal for the FY 2022-2023.

Posted in GST | 29643 Views

Finance companies urge RBI to avoid GST by not renaming penal interest as 'charges'

16 May 2023 at 08:45

The Finance Industry Development Council, a representative body of NBFCs in India, has requested the Reserve Bank of India (RBI) not to classify penal interest as 'charges' due to potential tax implications.

Posted in GST | 4542 Views

Online gaming companies in limbo as GST authorities struggle to take action after Gameskraft probe

16 May 2023 at 08:45

Dark clouds loom over the post-probe move against online gaming companies by GST Authorities after a ruling by Karnataka High Court in the Gameskraft matter.

Posted in GST | 5250 Views

Automated GST Scrutiny to trigger notices in cases of data mismatches

15 May 2023 at 08:38

The central government's rollout of automated scrutiny of Goods and Services Tax (GST) returns this week could lead to assessees getting notices in cases where there are data mismatches between different types of tax returns, said experts.

Posted in GST | 7008 Views

Business community applauds crackdown on fake GST registrations

15 May 2023 at 08:38

Industrialists, who had been asking GST departments to take action against the rising menace of bogus billing, have welcomed the central government’s move on holding a special all-India drive

Posted in GST | 4062 Views

24 major importers evade Rs 11,000 crore GST payments

13 May 2023 at 08:48

The Directorate General of GST Intelligence (DGGI) and Directorate of Revenue Intelligence (DRI) have detected alleged Integrated GST evasion to the tune of ₹11,000 crore by 24 large importers.

Posted in GST | 2919 Views