GST News


55th GST Council Meet: Old Vehicle Sales Tax Raised to 18%

   23 December 2024 at 09:18

GST Rate Hike to 18% on Sale of Old and Used Vehicles, Including EVs

Posted in GST |   3534 Views


Maharashtra Legislative Council Passes GST Amendment Bill 2024

   23 December 2024 at 09:16

On December 19, 2024, the Maharashtra Legislative Council passed the Maharashtra Goods and Services Tax (Amendment) Bill, following its approval in the state assembly.

Posted in GST |   645 Views


GST Notices to Property Developers Spark Confusion Over Rs 3,500 Crore ITC Claims

   23 December 2024 at 09:15

Developers receive notices for ITC claimsSeveral real estate developers have received show-cause notices from the Goods and Services Tax (GST) authorities regarding input tax credit (ITC) claims worth an estimated ₹3,500 crore.

Posted in GST |   2502 Views


Lavish Indian Weddings Under Income Tax Scanner for Unaccounted Cash Use

   23 December 2024 at 09:15

Extravagant Weddings Under ScrutinyLavish Indian weddings, often featuring Bollywood celebrities and elaborate arrangements costing crores, are now a target for the Income Tax department.

Posted in GST |   771 Views


55th GST Council Meeting: Key Highlights

   22 December 2024 at 12:32

Recommendations of the 55th Meeting of the GST Council

Posted in GST |   16680 Views


55th GST Council Meet to Review Rate Rationalisation and Taxability of Delivery Apps

   21 December 2024 at 07:07

The GST Council, chaired by Union Finance Minister Nirmala Sitharaman, is set to address several critical issues in its meeting scheduled for December 21, 2024, in Jaisalmer.

Posted in GST |   1137 Views


Maharashtra Govt Launches GST Amnesty Scheme, Waives Rs 27,000 Crore in Interest and Penalties

   21 December 2024 at 07:07

The Maharashtra government has announced a GST Amnesty Scheme to waive interest and penalties on pending liabilities for the fiscal years 2017 to 2020.

Posted in GST  1 comments |   3090 Views


CBIC Uncovers Rs 26,543 Crore GST Evasion in Nationwide Drive Against Fake ITC

   20 December 2024 at 09:07

In a sweeping crackdown on GST evasion, the Central Board of Indirect Taxes and Customs (CBIC) has unearthed fraud amounting to Rs 26,543 crore during its second nationwide operation against fake input tax credit (ITC).

Posted in GST |   2262 Views


Indian Gaming Industry Faces February 2025 Deadline for GST Tax Demands on Betting

   20 December 2024 at 09:06

The Indian online gaming industry faces a pivotal moment as tax authorities prepare to finalize Goods and Services Tax (GST) demands by February 5, 2025, based on pending show-cause notices (SCNs).

Posted in GST |   852 Views


CAG Flags Revenue Loss of Rs 18,509.8 Crore Due to Tax Errors and Evasion

   20 December 2024 at 09:02

The Comptroller and Auditor General (CAG) of India, in its latest report tabled in Parliament, highlighted widespread lapses in income tax assessments and GST compliance, causing a potential revenue loss of Rs 18,509.8 crore.

Posted in GST |   2169 Views



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