GST News

GST revenue collection for April 2023 highest ever at Rs 1.87 lakh crore

02 May 2023 at 08:31

Gross GST collection in April 2023 is all time high, Rs 19,495 crore more than the next highest collection of Rs. 1,67,540 crore, in April 2022

Posted in GST | 5826 Views

FM asks CBIC to introduce automated GST return scrutiny and implement action plan to increase taxpayer base

01 May 2023 at 08:40

FM Nirmala Sitharaman on Saturday directed Central Board of Indirect Taxes & Customs to introduce its automated GST return scrutiny by next week and to implement an action plan to increase the taxpayer base through enhanced use of technology.

Posted in GST | 3966 Views

Instructions regarding Amnesty scheme for revocation of cancellation of GST registration

01 May 2023 at 08:41

The Commissioner of State Tax of Maharashtra vide Internal Circular No. 4A of 2023 dated April 28, 2023 has issued Instructions regarding the Amnesty scheme for revocation of cancellation of GST registration.

Posted in GST | 4464 Views

GSTN introduces new facility to verify document Reference Number on offline communications of State GST authorities

29 April 2023 at 08:30

The GST portal ("System") generates various documents, such as notices/ orders, etc which are communicated to the taxpayer. Most such documents have a system-generated unique identifier DIN

Posted in GST | 6075 Views

Finance Ministry to assign different GST rates for online games based on skill and chance

28 April 2023 at 08:43

The Ministry of Finance is considering making distinct categories in online gaming. The Ministry is contemplating classifying online games based on the role of skill and chance in winning.

Posted in GST | 7443 Views

GST payments can now be made through 23 banks

28 April 2023 at 08:40

GSTN has added 2 new banks Induslnd Bank Limited and South Indian Bank Limited, bringing the total number of banks accepting GST payments to 23.

Posted in GST | 5361 Views

GST authorities quiz auto dealers on fake invoicing

27 April 2023 at 08:39

Expanding investigation into allegedly wrongful claims of input tax credit by insurance companies, the tax authorities are probing a section of auto-mobile dealers

Posted in GST | 3786 Views

GST officers issuing notices to insurers for availing ITC on fake invoices

27 April 2023 at 08:39

GST officers have started sending notices to over a dozen insurance companies for availing input tax credit on the basis of bogus invoices in the last six years, sources said.

Posted in GST | 3627 Views

GSTN issued advisory on Bank Account Validation

25 April 2023 at 08:32

GSTN is pleased to inform you that the functionality for bank account validation is now integrated with the GST System. This feature is introduced to ensure that the bank accounts provided by the Tax Payer is correct.

Posted in GST | 10686 Views