GST News

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

GST Authorities Tighten Grip on Merchants Evading Taxes via Digital Payment Channels

22 August 2024 at 09:01

The rapid expansion of digital payments in India has brought a surge in tax evasion cases, particularly among small online merchants.

Posted in GST | 1047 Views

Ministry of Education Intervenes after Rs 120 Crore GST Notice Issued to IIT-Delhi

21 August 2024 at 07:11

The Ministry of Education has stepped in to address a substantial GST notice issued to the Indian Institute of Technology (IIT) Delhi.

Posted in GST | 2502 Views

CAG Urges Finance Ministry to Target High-Risk GST Composition Taxpayers

20 August 2024 at 08:57

In a significant move to curb potential tax evasion, CAG has recommended that the Finance Ministry implement stricter monitoring measures for high-risk taxpayers under the GST Composition Scheme.

Posted in GST | 5448 Views

IIT-Delhi Faces Rs 120 Crore GST Demand on Research Funding

19 August 2024 at 08:59

The Directorate General of Goods and Services Tax (GST) Intelligence has issued a show-cause notice to the Indian Institute of Technology-Delhi (IIT-D), demanding ₹120 crore in GST on research funding received between 2017 and 2022.

Posted in GST | 3753 Views

Finance Ministry to Review GST Rates on Digital News Subscriptions

17 August 2024 at 07:53

The Finance Ministry is set to review the Goods and Services Tax (GST) rates applied to digital news subscriptions, according to sources.

Posted in GST | 1728 Views

CBIC Issues New Guidelines for Resolving CGST Act Interpretation Disputes During Audits

17 August 2024 at 07:51

On August 14, 2024, the CBIC issued Instruction No. 03/2024-GST, outlining new procedures for handling disputes related to the interpretation of the Central Goods and Services Tax (CGST) Act encountered during audits.

Posted in GST | 2316 Views

E-Way Bill Generation Hits Record High of 10.48 Crore in July

17 August 2024 at 07:49

IntroductionE-way bill generation reached an unprecedented 10.48 crore in July, setting a new record and surpassing the previous high of 10.35 crore in March 2024, according to data from the GST Network (GSTN).

Posted in GST | 534 Views

54th GST Council Meeting Scheduled for 9th September

15 August 2024 at 07:31

The upcoming 54th GST Council meeting, scheduled for September 9, 2024, in New Delhi, is expected to address several key issues

Posted in GST | 2622 Views