GST officers must explain 'grounds of arrest' to offenders, obtain acknowledgement: CBIC
Posted Date : 13-Jan-2025 , 06:27:01 pm | Posted By CASANSAAR
GST officers must explain 'grounds of arrest' to offenders, obtain acknowledgement: CBIC
NEW DELHI: GST officers will now have to explain to offenders about the "grounds of arrest" and obtain a written acknowledgement from them, the CBIC said on Monday.
Modifying the guidelines...
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New changes made in GSTR-1 from January 2025
Posted Date : 13-Jan-2025 , 04:32:49 pm | Posted By CASANSAAR
New changes made in GSTR-1 from January 2025
When you file GSTR-1 on or before February 11, 2025, the specified new rules will have to be followed otherwise the return will be considered faulty. If the supplier's GSTR-1 is faulty then the buyer's GSTR-2B will get populated with wrong deta...
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Garment Trade Associations urge GoM to abandon GST rate modification proposal
Posted Date : 11-Jan-2025 , 07:00:46 pm | Posted By CASANSAAR
Garment Trade Associations urge GoM to abandon GST rate modification proposal
In a landmark meeting, they passed a unanimous resolution urging the Group of Ministers (GoM) to abandon its proposal to modify Goods and Services Tax (GST) rates in the garment sector and retain the existing structure ...
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Extension of Due Date w.r.t GSTR 1 and GSTR 3B
Posted Date : 11-Jan-2025 , 10:57:00 am | Posted By CASANSAAR
Advisory on Extension of Due Date w.r.t GSTR 1 and GSTR 3B
Jan 10th, 2025
Dear Taxpayer,
Due Date for filling of GSTR-1 and GSTR-3B have been extended by two days. For details refer to Notification No. 01/2025 – (CT) dt. 10th January, 2025 and Notification N...
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SC stays GST notices worth over Rs 1 lakh crore against Online Gaming firms for tax fraud
Posted Date : 10-Jan-2025 , 07:23:16 pm | Posted By CASANSAAR
SC stays GST notices worth over Rs 1 lakh crore against Online Gaming firms for tax fraud
NEW DELHI: The Supreme Court on Friday stayed showcause notices issued by GST authorities worth over Rs 1 lakh crore to online gaming companies and casinos over alleged tax evasion.
A bench of Justi...
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Govt extends monthly GST return, payment deadline
Posted Date : 10-Jan-2025 , 07:18:58 pm | Posted By CASANSAAR
Snag in system: Govt extends monthly GST return, payment deadline
NEW DELHI: The government on Friday extended the deadline for filing monthly GST sales return form GSTR-1 and GST payment by 2 days after taxpayers reported technical glitches in the GSTN system.
As per a notification by the Cen...
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GST Registered Taxpayers can claim Pending Input Tax Credit
Posted Date : 09-Jan-2025 , 04:55:43 pm | Posted By CASANSAAR
GST Registered Taxpayers can claim Pending Input Tax Credit
GSTR-3B: Now GST registered taxpayers can claim pending input tax credit relating to past years namely financial year 2017-18, 18-19, 19-20 and 20-21 by filing an online rectification application. GSTN said, "A functionality has now...
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Implementation of mandatory mentioning of HSN codes in GSTR-1 & GSTR 1A
Posted Date : 09-Jan-2025 , 04:37:04 pm | Posted By CASANSAAR
Implementation of mandatory mentioning of HSN codes in GSTR-1 & GSTR 1A
Jan 9th, 2025
After successful implementation of Phase-I & Phase-II now Phase-III regarding Table 12 of GSTR-1 & 1A is being implemented, from return period January 2025. In this phase m...
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Big relief for GST taxpayers with multiple GST shows cause notices running in Kerala
Posted Date : 08-Jan-2025 , 08:09:25 am | Posted By CASANSAAR
Big relief for GST taxpayers with multiple GST shows cause notices running in multiple districts Kerala
Goods and services tax notice: Now taxpayers get relief from multiple GST notices pertaining to similar issue as these multiple notices will now be heard by a common adjudicating authority. Exp...
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Biometric-Based Aadhaar Authentication & Document Verification for GST Registration Applicants of Rajasthan
Posted Date : 08-Jan-2025 , 05:21:37 pm | Posted By CASANSAAR
Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Rajasthan
Jan 8th, 2025
Dear Taxpayers,
This is to inform taxpayers about recent developments concerning the application process for GST registration. It is advised to keep the fol...
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Enabling filing of Application for Rectification as per Notn. 22/2024-CT, dtd. 08/10/24, 2024
Posted Date : 08-Jan-2025 , 05:18:25 pm | Posted By CASANSAAR
Jan 7th, 2025
The Central Government, on the recommendations of the 54th GST Council, had issued Notification No. 22/2024 – CT dated 08.10.2024 and notified that any registered person against whom any order confirming demand for wrong availment of ITC, on account of contravention ...
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Panipuri seller from Tamil Nadu receives GST notice
Posted Date : 04-Jan-2025 , 04:17:47 pm | Posted By CASANSAAR
Pani puri is one of the most popular street foods in India, which always reminds us of crowded street corners and the crunch of puris filled with spicy water and yummy fillings. But what happens when a beloved 'pani puri wale bhaiyya' suddenly finds themselves in the spotlight for reasons be...
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FM Assures No Cause Over Sufficiency of GST Cess Fund
Posted Date : 03-Jan-2025 , 03:01:10 pm | Posted By CASANSAAR
FM Assures No Cause Over Sufficiency of GST Cess Fund
The finance ministry assures there is no concern regarding the sufficiency of the GST compensation cess fund. It is on track to meet all obligations, including back-to-back loan repayments, with a projected minor surplus by March 2026. Collect...
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CBIC Clarified that Voucher transaction not liable to GST
Posted Date : 03-Jan-2025 , 12:13:35 am | Posted By CASANSAAR
Voucher transactions not liable to GST: CBIC
India's CBIC clarified transactions involving vouchers do not constitute supply of goods or services and are not liable to GST. GST will only apply to additional services such as marketing or commission-based distribution. Unredeemed vouchers are a...
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Taxpayers on Extension of E-Way Bills Expired on 31st December, 2024
Posted Date : 01-Jan-2025 , 04:08:57 pm | Posted By CASANSAAR
GST Advisory to Taxpayers on Extension of E-Way Bills Expired on 31st December, 2024
Jan 1st, 2025
It is hereby informed that the technical challenges encountered in the e-way bill generation process have been resolved, and the portal is now functioning smoothly. In connection with the technic...
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Gross and Net GST revenue collections for the month of Dec, 2024
Posted Date : 01-Jan-2025 , 04:04:27 pm | Posted By CASANSAAR
Gross and Net GST revenue collections for the month of Dec, 2024
Jan 1st, 2025
Please click on the link below to view the gross and net GST revenue collections for the month of December, 2024.
(https://tutorial.gst.gov.in/downloads/news/approved_monthly_gst_data_for_publishing...
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GST Collection In December Rises 7.3% YoY To Rs 1.77 Lakh Cr
Posted Date : 01-Jan-2025 , 04:21:33 am | Posted By CASANSAAR
Rs. 1,72,129 crore gross GST revenue collected during January 2024; records 10.4% Year-on-Year growth
At Rs. 1,72,129 crore, GST collections are 2nd highest ever; crosses Rs. 1.70 lakh crore mark for the third time in FY 2023-24
With overall collection reaching Rs. 16.69 lakh c...
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Biometric-Based Aadhaar Authentication & Document Verification for GST Registration Applicants of AP
Posted Date : 01-Jan-2025 , 10:54:33 am | Posted By CASANSAAR
Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Arunachal Pradesh
Dec 31st, 2024
Dear Taxpayers,
This is to inform taxpayers about recent developments concerning the application process for GST registration. It is advised to kee...
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GST annual return deadline is December 31: Why should you file it even if not liable to file one
Posted Date : 30-Dec-2024 , 06:31:40 pm | Posted By CASANSAAR
GST annual return deadline is December 31: Why should you file it even if not liable to file one
GST annual return: The deadline to file GST annual return is December 31, 2024. There is a good argument as to why you should file GST annual return despite the turnover being below Rs 2 crore. ...
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EEPC India proposes faceless GST audit to empower MSME sector
Posted Date : 30-Dec-2024 , 01:40:55 pm | Posted By CASANSAAR
EEPC India proposes faceless GST audit to empower MSME sector
EEPC India recommends the government to introduce faceless GST audits to help MSMEs reduce compliance costs and concentrate on growth. They also suggest the inclusion of Reverse Charge Mechanism liabilities in the Amnesty scheme to off...
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GST Advisory for Waiver Scheme under Section 128A
Posted Date : 30-Dec-2024 , 01:02:06 pm | Posted By CASANSAAR
GST Advisory for Waiver Scheme under Section 128A
Dec 29th, 2024
1. Taxpayer’s attention is invited to the advisory on the above subject issued by GSTN on 08.11.2024. The link for the said advisory is given here:
https://services.gst.gov.in/services/advisoryandreleases/read/546...
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New GSTN guidelines for transport via Indian Railways
Posted Date : 27-Dec-2024 , 03:15:12 pm | Posted By CASANSAAR
New GSTN guidelines for transport via Indian Railways: Buyers won’t receive goods if E-Way Bill doesn’t have this detail, here’s how to do it
Goods and Services Tax (GST): GSTN in a new advisory said now freight operation information system (FOIS) of the Indian Railways ha...
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Popcorn, in loose form, sold in movie theatres to attract 5% GST
Posted Date : 25-Dec-2024 , 01:27:25 pm | Posted By CASANSAAR
Popcorn, in loose form, sold in movie theatres to attract 5% GST
Popcorn sold in loose form in movie theatres will continue to attract a GST rate of 5 per cent. If popcorn is sold together with a movie ticket, it will be taxed at the rate applicable to the ticket. Popcorn mixed with salt and spic...
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Higher GST of 18% will impact individuals and businesses
Posted Date : 25-Dec-2024 , 01:13:51 pm | Posted By CASANSAAR
Higher GST of 18% will impact individuals and businesses
GST on used car sale: Consumers buying a used car now need to pay more GST. Moreover, if a business is claiming input tax credit, then GST needs to be paid on the sale value and not margin. However smaller cars like Renault Kwid may b...
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GST Advisory for Entry of Receipt Numbers Pertaining to Leased Wagons in the E-Way Bill System
Posted Date : 24-Dec-2024 , 12:48:21 pm | Posted By CASANSAAR
Dec 23rd, 2024
Subject: Guidelines for Accurate Entry of Receipt Numbers in the E-Way Bill (EWB) System for Leased Wagons
Dear Taxpayers,
This advisory is issued to provide specific instructions for entering Receipt Numbers related to Leased Wagons in the E-Way Bill (EWB) system.
Advisorie...
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GST Council clears "track and trace" Mechanism, Cigarettes and Pan Masala likely first Targets
Posted Date : 23-Dec-2024 , 02:23:04 pm | Posted By CASANSAAR
GST Council clears "track and trace" Mechanism, Cigarettes and Pan Masala likely first Targets
The GST Council will track cigarettes and pan masala to stop tax evasion. A unique code will be placed on products. This will help the government follow the products. The government lose...
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Recommendations of the 55th Meeting of the GST Council
Posted Date : 22-Dec-2024 , 08:41:30 am | Posted By CASANSAAR
The 55th GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in Jaisalmer, Rajasthan, today.
The meeting was also attended by Union Minister of State for Finance Shri Pankaj Chaudhary, Chief Ministers of Goa, Haryan...
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GST Council declared that voucher transactions will not be subject to GST
Posted Date : 21-Dec-2024 , 06:48:54 pm | Posted By CASANSAAR
The GST Council declared that voucher transactions will not be subject to GST, providing relief to retailers. This decision clarifies that vouchers are not considered goods or services, resolving previous disputes and aligning with RBI's classification of vouchers as prepaid instruments. The cou...
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GST E-Way Bill rules changed; Buyers
Posted Date : 21-Dec-2024 , 06:20:07 pm | Posted By CASANSAAR
GST: A new advisory by GSTN alerted taxpayers about changes being made with E-Way Bill generation time limits which is now reduced to 180 days from the date of the base document. “For instance, documents dated earlier than July 5, 2024, will not be eligible for e-waybill generation starting Ja...
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Defers insurance overhaul, recommends 18% tax on used EVs and Smaller Cars
Posted Date : 21-Dec-2024 , 06:15:47 pm | Posted By CASANSAAR
GST Council Meeting Live Updates: Defers insurance overhaul, recommends 18% tax on used EVs and smaller cars
GST Council Jaisalmer Meeting Live Updates: Key highlights so far - 5% GST on ready-to-eat popcorn mixed with salt and spices, provided it is not pre-packaged. - 12% GST on p...
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