GST News

DGGI Arrests Two Masterminds in Rs 700 Crore Fake Billing GST Fraud

12 October 2024 at 09:00

In a major crackdown on GST fraud, the Directorate General of GST Intelligence (DGGI) has arrested two key players, Manish and Amit, residents of Gurmukh Singh Colony, Mandi Gobindgarh, in connection with a fake billing scheme worth over ₹700 crores.

Posted in GST | 1 comments | 1554 Views

Union Minister Pankaj Chaudhary Inaugurates GST Bhawan in Delhi, Highlights Simplified Tax Compliance Initiatives

11 October 2024 at 09:17

Union Minister of State for Finance Shri Pankaj Chaudhary inaugurated the state-of-the-art Goods and Services Tax (GST) office building in Nangal Raya, Delhi

Posted in GST | 651 Views

CBIC Updates Penal Provisions in Form GST INS-01 in Line with Bharatiya Nyaya Sanhita, 2023

11 October 2024 at 09:01

In a major update to the penal provisions for inspection and search operations under the GST regime, the CBIC, through Notification No. 20/2024 - Central Tax dated October 08, 2024, has made a crucial substitution in FORM GST INS-01.

Posted in GST | 804 Views

CBIC Notifies Prohibiting Consolidated Invoices for Supplies Under RCM

11 October 2024 at 08:59

CBIC has introduced a significant update under the Central Goods and Services Tax (Second Amendment) Rules, 2024, which restricts the issuance of consolidated invoices for supplies covered under the RCM.

Posted in GST | 9036 Views

CBIC Notifies New GST Forms for Cancellation and Suspension of GST Registration

10 October 2024 at 14:35

The Central Board of Indirect Taxes and Customs (CBIC), through the Central Goods and Services Tax (Second Amendment) Rules, 2024, has introduced key changes in procedures related to the cancellation and suspension of GST registration.

Posted in GST | 4194 Views

CBIC Updates Form GSTR-9: ITC as per GSTR-2A Replaced with GSTR-2B

10 October 2024 at 14:34

The Central Board of Indirect Taxes and Customs (CBIC), through Notification No. 20/2024 – Central Tax issued on October 8, 2024, has implemented a key amendment to FORM GSTR-9 under the Central Goods and Services Tax (CGST) Rules, 2017.

Posted in GST | 9324 Views

CBIC Sets Deadline for Filing Form GSTR-7: 10th of Next Month Starting 1st Nov 2024

10 October 2024 at 14:32

In a recent development, the CBIC has issued Notification No. 20/2024 - Central Tax on October 08, 2024, introducing a significant change to Rule 66 of the Central Goods and Services Tax (CGST) Rules.

Posted in GST | 687 Views

CBIC Introduces New Rule 164 for Waiver of Interest and Penalties in GST Proceedings

10 October 2024 at 09:20

The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 20/2024 – Central Tax on October 8, 2024, which brings new changes under Rule 164 of the GST rules, effective from November 1, 2024.

Posted in GST | 5151 Views

CBIC Notifies Reduction in Pre-Deposit Requirement for GST Appeals Effective 1st Nov 2024

10 October 2024 at 09:19

The Central Board of Indirect Taxes and Customs (CBIC), through Notification No. 20/2024 – Central Tax dated October 8, 2024, has introduced a significant amendment to the pre-deposit requirements for filing appeals under GST framework

Posted in GST | 2763 Views

CBIC Notifies Insertion of Section 74A in CGST Act, Effective from 1st Nov 2024

10 October 2024 at 09:18

The Central Board of Indirect Taxes and Customs (CBIC), through Notification No. 20/2024 – Central Tax dated October 8, 2024, has introduced a significant amendment in the Central Goods and Services Tax (CGST) Act.

Posted in GST | 2184 Views