GST News

New 'GSTN e-Services' App Launches on Play Store to Simplify GST Transaction Tracking for Traders and Businesses

16 October 2024 at 09:05

The Goods and Services Tax Network (GSTN) has introduced a new 'GSTN e-Services' app, now available on the Play Store, aimed at simplifying tax compliance for traders, businesspersons, and merchants.

Posted in GST | 2076 Views

Carmakers Face Rs 10,000 Crore GST Compensation Cess Notices for Utility Vehicles

16 October 2024 at 09:04

Several top automakers, including Mahindra, Tata Motors, Hyundai, and Maruti, have received tax notices for unpaid compensation cess on utility vehicles sold prior to 2022.

Posted in GST | 618 Views

DGGI Nears Completion of Pre-GST Tax Evasion Probes, to Disband Dedicated Unit Soon

16 October 2024 at 09:03

The Directorate General of GST Intelligence (DGGI) is set to wrap up its investigations into pre-GST tax evasion cases, which predominantly pertain to service tax and central excise.

Posted in GST | 459 Views

CBIC Urges App-Based Ride-Hailing Firms to Clarify GST Applicability on Booked Rides

16 October 2024 at 09:03

The Central Board of Indirect Taxes & Customs (CBIC) has given app-based ride-hailing companies one week to submit their written views regarding the applicability of GST on rides booked through their platforms.

Posted in GST | 504 Views

GST Portal Introduces Auto-Populated ITC in GSTR-9 for FY 2023-24

15 October 2024 at 15:19

Starting FY 2023-24, GST system will auto-populate eligible ITC for domestic supplies (excluding reverse charge and imports ITC) from table 3(I) of GSTR-2B to table 8A of GSTR-9.

Posted in GST | 1620 Views

Central GST Officer Arrested for Accepting Rs 1.25 Lakh Bribe in Gujarat

15 October 2024 at 08:59

The Gujarat Anti-Corruption Bureau (ACB) caught a Central GST officer, Mohammad Rizwan Sheikh, red-handed while accepting a bribe of Rs 1.25 lakh on Thursday.

Posted in GST | 741 Views

GSTN Advisory: IMS Launched for Taxpayers to Streamline ITC Claims

15 October 2024 at 08:51

Invoice Management System (IMS) is made available to taxpayers from 14th Oct 2024.

Posted in GST | 819 Views

CBIC Issues Clarifications on GST Applicability for Specific Services

14 October 2024 at 09:08

The Central Board of Indirect Taxes and Customs (CBIC) has released crucial clarifications on the applicability of Goods and Services Tax (GST) on certain services through Circular No. 234/28/2024-GST

Posted in GST | 9120 Views

CBIC Issues Clarification on "As Is / As Is, Where Is Basis" mentioned in GST Circulars

14 October 2024 at 09:08

The Central Board of Indirect Taxes and Customs (CBIC) has provided crucial clarification regarding the scope of the "as is / as is, where is basis" terminology used in previous GST circulars. Issued on October 11, 2024, Circular No. 236/30/2024-GST

Posted in GST | 4992 Views

CBIC Issues Clarification on GST Rates and Classification of Goods Following 54th GST Council Meeting

14 October 2024 at 09:07

The Central Board of Indirect Taxes and Customs (CBIC) has released a significant clarification on GST rates and classification of goods through Circular No. 235/29/2024-GST, dated October 11, 2024.

Posted in GST | 3156 Views