GST News
GSTN Issues Advisory related to Other Territory Applications
08 November 2024 at 06:42As per Notification No. 2/2017-Central Tax dated 19th June, 2017 read with Trade Notice No. 01/2017-Central Tax dated 21st June, 2017 issued by Office of the Chief Commissioner of Central Excise, Mumbai Zone I and GST Trade Notice No. 002/2017
CBIC Mandates 1-Year Deadline for Customs Fraud Inquiries
07 November 2024 at 06:44In a significant move aimed at enhancing the ease of doing business, the CBIC has issued a directive to customs field formations, emphasizing transparency and efficiency in conducting investigations related to export and import fraud
December GST Council Meeting to Address Rate Cuts on Life and Health Insurance Premiums
07 November 2024 at 06:44With the end of the year approaching, the GST Council may soon bring significant relief to policyholders of life and health insurance.
Tax Officers Uncover 18,000 Fake GST Firms, Detect Rs 25,000 Crore Tax Evasion
07 November 2024 at 06:44In a major success for tax authorities, GST officers have unearthed around 18,000 fake companies involved in a large-scale tax evasion scheme, totalling approximately ₹25,000 crore.
CBIC Mandates Virtual Hearings for GST, Customs, Excise and Service Tax Appeals
06 November 2024 at 07:13CBIC Judicial Cell, through its Instruction No. F. No. 390/Misc/3/2019-JC dated November 5, 2024, has released comprehensive guidelines for the conduct of personal hearings under various tax laws
GSTN Advisory: New e-Invoice Reporting Limit Set for Businesses with AATO of Rs 10 Crore and above
06 November 2024 at 07:09Advisory: Time Limit for Reporting e-Invoice on the IRP Portal - Lowering of Threshold to AATO 10 Crores and Above
GSTN Issues Advisory for Form GST DRC-03A
06 November 2024 at 07:04It has been observed that some taxpayers have paid the demanded amount vide DRC 07/DRC 08/MOV 09/MOV 11/APL 04 through DRC-03 instead of using payment facility ‘Payment towards demand’ available on GST portal.
GST Exempted on Disconnection and 16 Other Power Services in UP
06 November 2024 at 06:41In a significant update for power consumers in Uttar Pradesh, the U.P. Power Corporation Limited (UPPCL) has announced new guidelines clarifying the GST applicability on a range of power billing system services.
Airlines Under GST Scrutiny: Government Tightens Rules on Unpaid Tax for Cancelled Tickets
06 November 2024 at 06:41Airlines must now share comprehensive passenger and booking data daily with tax authorities, according to revised regulations by the Central Board of Indirect Taxes and Customs (CBIC).
GST Portal Activates Form DRC-03A for Voluntary Payment Adjustments
05 November 2024 at 07:03The Goods and Services Tax (GST) portal has now activated Form DRC-03A, enabling taxpayers to adjust or set off voluntary payments against an order of demand.
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