GST News


New Mechanism to Curb GST Fraud in ITC Claims Expected by November

   02 October 2024 at 09:32

The Union Ministry of Finance is advancing efforts to curb fraudulent Input Tax Credit (ITC) claims related to the Goods and Services Tax (GST) paid under the Reverse Charge Mechanism (RCM).

Posted in GST |   1866 Views


GSTN Issues Advisory On e-Services App to Replace e-Invoice QR Code Verifier App

   02 October 2024 at 09:31

GSTN is pleased to inform the launch of the new GSTN e-Services app, which replaces the old e-Invoice QR Code Verifier App.

Posted in GST |   351 Views


CBIC Amends Customs Exemptions & Concessions to Align HS Codes with Finance (No. 2) Act 2024

   02 October 2024 at 09:30

In a significant move to streamline customs operations, the Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 45/2024-Customs, effective October 1, 2024.

Posted in GST |   1119 Views


GST Officials Arrested for Extortion: Rs 69 Lakh Cash and Gold Recovered

   01 October 2024 at 09:08

In a shocking case of corruption, the Organised Crime Division of the police recovered ₹69 lakh in cash and 306 grams of gold from four GST officials arrested earlier in September for allegedly kidnapping and extorting ₹1.5 crore from businessman

Posted in GST |   1878 Views


SpiceJet Clears GST Dues Just Days After Raising Rs 3,000 Crore Through QIP

   30 September 2024 at 09:12

Budget airline SpiceJet has taken a crucial financial step by settling all its Goods and Services Tax (GST) dues on Friday, just one day after resolving all outstanding salary arrears for its employees.

Posted in GST |   1398 Views


CBIC to Deploy Technology Solutions to Resolve GST Data Mismatches and Disputes

   30 September 2024 at 09:11

In a significant move to address the growing issue of data discrepancies in tax return filings, the CBIC is set to introduce advanced technological solutions to resolve mismatches and reduce related disputes.

Posted in GST |   3171 Views


Advisory Issued for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration in Odisha

   30 September 2024 at 09:10

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Odisha

Posted in GST |   333 Views


GSTN Restores Archived July and August 2017 GST Returns Data

   30 September 2024 at 09:09

In view of the requests received from the trade due to the difficulties faced, data has been restored back on the portal.

Posted in GST |   1479 Views


Taxpayers Rejoice: New Section 128A Waives Interest and Penalties on Specific Tax Demands

   28 September 2024 at 16:13

In a significant move aimed at alleviating tax burdens, the CGST Act has introduced a new section, 128A, which offers considerable relief for taxpayers regarding tax liabilities incurred between July 1, 2017, and March 31, 2020.

Posted in GST |   6309 Views


CGST Section 16 Revised: Taxpayers Gain Relief with New ITC Claim Provisions for 2017-2021

   28 September 2024 at 15:59

In a significant update to the Central Goods and Services Tax (CGST) Act, Section 16 has been amended with the insertion of two new sub-sections.

Posted in GST |   46170 Views



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