GST News

18% or 5% GST: Houseboat Industry Battles Tax Woes

22 November 2024 at 16:42

Kerala's houseboat owners facing uncertainty as the GST office demands 18% GST from houseboat owners with a retrospective effect from 2017, causing uncertainty for owners in Alappuzha, Kochi, and Kumarakom.

Posted in GST | 576 Views

Kerala GST Department Revises Adjudication Process for Show Cause Notices

22 November 2024 at 09:14

The Kerala GST Department, through Circular No. 21/2024-Kerala SGST issued on November 18, 2024, has introduced a revised framework for adjudicating show cause notices (SCNs) under the Kerala SGST Act, 2017.

Posted in GST | 558 Views

State Govt to Announce GST Reimbursement Framework for Handloom Weavers

22 November 2024 at 09:08

The Andhra Pradesh government will soon finalize guidelines for GST reimbursement to handloom weavers, announced Handloom and Textiles Minister S. Savitha during an assembly session on Tuesday.

Posted in GST | 405 Views

GSTAT to Be Operational by End of FY25: Revenue Secretary

21 November 2024 at 08:56

Revenue Secretary Sanjay Malhotra announced on Monday that the GSTAT, established to resolve GST-related disputes, is in its final stages of operationalisation and is expected to commence functioning by the end of the current financial year.

Posted in GST | 2451 Views

GST Council to Review Proposal for Exempting Health and Term Life Insurance

20 November 2024 at 09:08

The GST Council is anticipated to meet in November, following state elections, to consider a Group of Ministers (GoM) recommendation to exempt health and term life insurance from GST.

Posted in GST | 492 Views

Daily Wager Faces Rs 1.08 Crore GST Penalty in Shocking Identity Theft Case

20 November 2024 at 09:08

In a startling case of identity theft and GST fraud, Rajendra Kumar Yadav, a daily wager from Dumardiha village in Koderma district, Jharkhand, has been slapped with a ₹1.08 crore penalty notice from the GST and Central Excise Department, Mumbai.

Posted in GST | 1854 Views

GST Fitment Committee Reviews Taxability of Delivery Charges by Food Delivery Apps

20 November 2024 at 09:01

State and central GST officials, forming the fitment committee, are reviewing the tax treatment of delivery charges levied by food delivery platforms like Swiggy and Zomato.

Posted in GST | 600 Views

CBIC Extends GSTR-3B Filing Deadline for Oct 2024 to Nov 21 for Maharashtra and Jharkhand

19 November 2024 at 08:52

In a move aimed at providing relief to taxpayers, the CBIC has issued Notification No. 26/2024 – Central Tax dated November 18, 2024, extending the due date for filing GSTR-3B returns for the month of October 2024.

Posted in GST | 9459 Views

GSTN Issues Important Advisory on GSTR 2B and IMS

18 November 2024 at 05:13

It has been reported by few taxpayers that their GSTR-2B for October-2024 period has not been generated on 14th November, 2024.

Posted in GST | 2169 Views

GSTN: Resolution Underway for Duplicate Invoices in GSTR-2B for September and October 2024

16 November 2024 at 07:00

The Goods and Services Tax Network (GSTN) has identified an issue where some taxpayers are seeing duplicate invoices in GSTR-2B for both September 2024 and October 2024.

Posted in GST | 6891 Views