GST News

GoM Defers GST Slab Changes, Focuses on Rate Review Across Sectors

27 August 2024 at 09:00

GoM on GST rate rationalisation, led by Bihar Deputy Chief Minister Samrat Chaudhary, has postponed plans to restructure the tax slabs but is actively reviewing GST rates across various categories.

Posted in GST | 804 Views

DGGI Issues Rs 220 Crore Unpaid GST Notices to 7 Institutes, Including IIT Delhi

26 August 2024 at 09:00

7 prominent educational institutions and universities in India have been slapped with GST show-cause notices by the DGGI. The notices, issued in early August, demand unpaid taxes totalling approximately ₹220 crore.

Posted in GST | 3003 Views

Bharti Airtel Secures Major Relief as GST Demand Slashed to Rs 194 Crore from Rs 604 Crore

26 August 2024 at 08:57

The Central Goods and Service Tax Appellate Authority in Delhi has ordered Bharti Airtel to pay Rs 194 crore in GST on licence fees and spectrum usage charges, significantly reducing the original demand of Rs 604.66 crore.

Posted in GST | 2355 Views

Mandatory Biometric Aadhaar Authentication & Document Verification for GST Registration in Dadra and Nagar Haveli, Daman and Diu and Chandigarh

26 August 2024 at 08:55

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Dadra and Nagar Haveli and Daman and Diu AND Chandigarh

Posted in GST | 576 Views

CBIC Mandates Strict Reviews of Govt Employees, Potential for Early Retirement

24 August 2024 at 15:40

The Central Board of Indirect Taxes (CBIC) has issued a directive to all divisional heads to rigorously follow the guidelines set by the Department of Personnel and Training (DoPT) concerning the periodic review of government employees.

Posted in GST | 2841 Views

IndiGo to Challenge Rs 3.5 Lakh Penalties Over ITC Issue

24 August 2024 at 08:57

IndiGo plans to challenge two GST penalty orders totalling Rs 3,50,299 related to input tax credit claims for FY 2017-18 in Odisha and Kerala.

Posted in GST | 1704 Views

GST Notices Worth Over Rs 80,000 Crore Issued for Assessment Years 2018-22

24 August 2024 at 08:55

The Directorate General of GST Intelligence has issued over 20,000 notices nationwide for AY 2017-18 to AY 2021-22, demanding Rs 80,000 crore. Notices target tax shortfalls, ITC reversal, and legal interpretation issues.

Posted in GST | 14691 Views

GST Portal Introduces RCM Liability/ITC Statement

24 August 2024 at 08:52

To assist taxpayers in correctly reporting Reverse Charge Mechanism (RCM) transactions, a new statement called "RCM Liability/ITC Statement" has been introduced on the GST Portal.

Posted in GST | 12225 Views

GSTN Issues Advisory for Furnishing Bank Account Details Before Filing GSTR-1/IFF

24 August 2024 at 08:51

Advisory for furnishing bank account details before filing GSTR-1/IFF Notification No. 38/2023 - Central Tax New Delhi, the 4th August, 20231.

Posted in GST | 5250 Views

GST Intelligence Uncovers Rs 1.2 Trillion Tax Evasion Since 2020

22 August 2024 at 09:06

In a significant crackdown on tax evasion, the Directorate General of GST Intelligence (DGGI) has exposed fraudulent activities amounting to Rs 1.2 trillion via fake input tax credit (ITC) since 2020.

Posted in GST | 2628 Views