GST News

DGGI Issues Notices to Over a Dozen Food & Beverage Companies for Trademark Usage Violations

25 September 2024 at 09:05

DGGI Issues Rs 3,000 Crore GST Notices to Food & Beverage Companies Over Franchise Trademark Usage

Posted in GST | 2 comments | 6846 Views

Archival of GST Returns Data on GST Portal

25 September 2024 at 08:58

As per GST portal data policy, data for view of taxpayer to be retained for seven years only. Therefore, the same data policy is being implemented on the GST portal.

Posted in GST | 3909 Views

GoM to Discuss Merging 12% and 18% GST Slabs on 25th September Meeting

24 September 2024 at 15:04

The six-member Group of Ministers (GoM) on GST rate rationalization, chaired by Bihar Deputy Chief Minister Samrat Chaudhary, is set to convene in Goa on September 25, 2024.

Posted in GST | 834 Views

Tata Sons Secures Tax Relief as Rs 1500 Crore GST Demand in Docomo Settlement Dismissed

24 September 2024 at 08:57

In a major win for Tata Sons, the GST adjudicating authority has dismissed a Rs 1,500 crore GST demand related to a $1.27 billion settlement with Japan's Docomo. This decision may set a precedent for future arbitration cases.

Posted in GST | 2328 Views

Gujarat's GST Departments Launch Drive Against Bogus Registrations Amid Tax Evasion Concerns

21 September 2024 at 06:49

In a decisive move to combat the rising tide of tax evasion through bogus billing scams, the state and central Goods and Services Tax (GST) departments in Gujarat have initiated a comprehensive drive to identify and cancel fraudulent GST registrations.

Posted in GST | 1641 Views

IGST Panel Finalizes Action Plan to Resolve 'Negative Balance' Issue

21 September 2024 at 06:47

The Indian government has initiated a comprehensive review of IGST settlement mechanism following complaints from several state governments about revenue shortfalls.

Posted in GST | 1914 Views

Food Processing Ministry to Address Industry's GST Concerns with GST Council: Chirag Paswan

21 September 2024 at 06:35

In a strategic move to enhance the food processing sector, the Centre organized a high-level CEO roundtable on September 19, 2024, as part of the World Food India 2024 event.

Posted in GST | 1449 Views

Sun Pharma Faces Rs 35.43 Lakh GST Penalty for Unpaid Taxes on Recoveries from July 2017 to March 2020

20 September 2024 at 09:19

Sun Pharmaceutical Industries Limited has been penalized by the Assistant Commissioner, Goods & Service Tax, Division, Mohali-I, Punjab, according to a recent stock exchange filing.

Posted in GST | 600 Views

SpiceJet Discloses Rs 427 Crore Unpaid GST, TDS and PF Dues Since 2020

20 September 2024 at 09:16

Budget airline SpiceJet disclosed on Tuesday that it has not paid statutory dues totalling Rs 427 crore from April 2020 to August 2024 due to severe financial constraints.

Posted in GST | 1620 Views

E-Way Bill Generation Hits Record 10.54 Crore in August

20 September 2024 at 09:14

Improved compliance and stricter enforcement by GST field formations have led to a surge in e-way bill generation, reaching an all-time high of 10.54 crore in August 2024, according to data from the Goods and Services Tax Network (GSTN).

Posted in GST | 483 Views