GST News

GSTN Adds TMBL Bank for GST Payments, Total Banks Now 30

05 October 2024 at 09:16

The Goods and Services Tax Network (GSTN) announced on October 4, 2024 that TMBL Bank has been added as a payment option on the GST Portal, increasing the total number of banks accepting GST payments to 30.

Posted in GST | 510 Views

GST Payments via UPI, Cards Now Available in Punjab & Uttarakhand; Canara Bank Added as New Payment Gateway

05 October 2024 at 09:16

In a recent update issued by the GSTN on October 4, 2024, businesses and taxpayers in Punjab and Uttarakhand can now conveniently make GST payments using UPI, Debit, and Credit Cards.

Posted in GST | 669 Views

DGGI Sends Over 300 Show-Cause Notices to Top Company Executives for Wrongful Availment of ITC

05 October 2024 at 09:15

The Directorate General of Goods and Services Tax Intelligence (DGGI) has issued more than 300 show-cause notices to promoters, directors, and senior management of various companies for allegedly wrongfully availing Input Tax Credit (ITC).

Posted in GST | 1506 Views

GSTN Issues Advisory on Proper Entry of RR No./Parcel Way Bill in EWB System After EWB-PMS Integration

05 October 2024 at 09:14

Guidance for Accurate Entry of RR No./Parcel Way Bill (PWB) Numbers following the Integration of E-Way Bill (EWB) with Parcel Management System (PMS)

Posted in GST | 594 Views

CBIC Issues Key Instruction on Systemic Improvements for Officer Mapping/De-Mapping on GSTN Portal

05 October 2024 at 09:14

The Central Board of Indirect Taxes and Customs (CBIC), via Instruction No. 04/2024-GST dated October 4, 2024, has announced significant systemic improvements to streamline the mapping and de-mapping of officers on the GSTN portal.

Posted in GST | 1554 Views

Supreme Court Allows GST ITC on Construction Costs for Buildings Essential for Rental Services

04 October 2024 at 09:12

On October 3, 2024, the Supreme Court ruled that buildings essential for supplying services such as renting may qualify for the "plant" exception under Section 17(5)(d) of the Central Goods and Services Tax (CGST) Act.

Posted in GST | 6177 Views

GST Tribunal Takes Over: No New Anti-Profiteering Cases from FY26

03 October 2024 at 08:58

From April 1, 2025, the anti-profiteering mechanism under the Goods and Services Tax (GST) regime will cease to operate, marking a significant change for businesses and consumers.

Posted in GST | 1119 Views

GST Collections Slow to 6.5% in September, Totaling Rs 1.73 Lakh Crore

02 October 2024 at 09:41

GST revenue growth rate slowed to 6.5% in September, with collections totalling Rs 1.73 lakh crore, according to government data released on Tuesday.

Posted in GST | 1272 Views

Over 150 Suspicious Agencies in Himachal Pradesh Under Investigation for GST Fraud

02 October 2024 at 09:39

The Excise and Taxation Department of Himachal Pradesh is investigating over 150 agencies registered under fraudulent means, as part of a nationwide crackdown on fake GST registrations.

Posted in GST | 486 Views

Insurance Companies Face Rs 20,000 Crore GST Liability for Rule Violations: DGGI

02 October 2024 at 09:36

The DGGI has uncovered significant GST violations by insurance companies, revealing that many have failed to pay GST on services provided to employees in Special Economic Zone (SEZ) units.

Posted in GST | 1497 Views