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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GST Council meeting of the of the indirect tax began
Posted Date : 21-Dec-2024 , 02:09:29 pm | Posted By CASANSAAR
GST Council meeting begins: Tax rate on electric cars, food delivery apps and flavoured popcorn on cards
The 55th GST Council meeting in Jaisalmer deliberated on tax relief for insurance, increasing the tax rate on used EVs to 18%, clarifying the levy on food delivery apps, and pote...
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GST Council meet: Ordering from Swiggy, Zomato May Get Cheaper
Posted Date : 20-Dec-2024 , 04:47:15 pm | Posted By CASANSAAR
GST Council meet: Ordering from Swiggy, Zomato May Get Cheaper
The GST Council is expected to discuss lowering tax rates on life and health insurance premiums during its meeting on Saturday. Simultaneously, it may consider increasing taxes on luxury wristwatches, footwear, and apparel, along wi...
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GST Authorities, E-Gaming Companies in Race Against Time
Posted Date : 19-Dec-2024 , 02:04:59 pm | Posted By CASANSAAR
GST Authorities, E-Gaming Companies in Race Against Time
The Indian online gaming industry faces a critical deadline as tax authorities prepare to finalize demands based on show-cause notices. The Supreme Court is hearing a case challenging the 28% GST levied on betting amounts, with the indu...
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GST rates on insurance: Group of Ministers submits report, Council to consider proposals
Posted Date : 18-Dec-2024 , 06:21:43 pm | Posted By CASANSAAR
GST rates on insurance: Group of Ministers submits report, Council to consider proposals
Among the recommendations are GST exemption for pure term life insurance policies that cover family members, exemption on health insurance for senior citizens beside lowering the GST rate on all individual ...
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Entry of RR No./eT-RRs in EWB system Post EWB-FOIS Integration
Posted Date : 18-Dec-2024 , 06:11:08 pm | Posted By CASANSAAR
Dec 18th, 2024
Subject: Guidance for Accurate Entry of RR No./eT-RRs following the Integration of E-Way Bill (EWB) with Freight Operation Information System (FOIS) system of Indian Railways.
Dear Taxpayers,
This advisory is being issued to inform you that the FOIS of Indian Rai...
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GST Advisory on Updates to E-Way Bill and E-Invoice Systems
Posted Date : 18-Dec-2024 , 10:47:57 am | Posted By CASANSAAR
Dec 17th, 2024
GSTN is pleased to announce that NIC will be rolling out updated versions of the E-Way Bill and E-Invoice Systems effective from 1st January 2025. These updates are aimed at enhancing the security of the portals, in line with best practices and government guidelines.
2. Mul...
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GST On Articles by Cooperative Societies
Posted Date : 17-Dec-2024 , 07:37:26 am | Posted By CASANSAAR
GST On Articles by Cooperative Societies
Since its inception on 6th July 2021, it is endevaour of Ministry of Cooperation to encourage states/UTs & cooperative societies to submit their proposals including those related to tax, which are not in parity with the benefits available to other bu...
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Tax Panel May Consider Lowering GST On Online Food Delivery Fees
Posted Date : 17-Dec-2024 , 06:36:15 pm | Posted By CASANSAAR
Tax Panel May Consider Lowering GST On Online Food Delivery Fees
The GST Council, chaired by India’s finance minister, may reduce the tax on food delivery charges by e-commerce platforms from 18% to 5%, effective January 1, 2024, according to sources. However, food delivery platforms like...
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Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Chhattisgarh, Goa and Mizoram
Posted Date : 16-Dec-2024 , 11:35:17 am | Posted By CASANSAAR
Dec 15th, 2024
Dear Taxpayers,
This is to inform taxpayers about recent developments concerning the application process for GST registration. It is advised to keep the following key points in mind during the registration process.
1. Rule 8 of the CGST Rules, 2017 has been amended to provide...
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Compensation cess: GoM may seek more time to Submit Report
Posted Date : 14-Dec-2024 , 04:15:45 pm | Posted By CASANSAAR
Compensation cess: GoM may seek more time to Submit Report
The group of ministers (GoM) on compensation cess will likely approach the GST Council, seeking an extension beyond the December 31 deadline to firm up its report, a person aware of the matter said
The 10-member GoM under Uni...
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Punjab GST dept uncovers bogus billing scam involving fraudulent transactions worth Rs 163 Cr
Posted Date : 14-Dec-2024 , 10:54:46 am | Posted By CASANSAAR
The Punjab GST Department has unearthed a bogus billing scam in Ludhiana, involving fraudulent transactions worth Rs 163 crore over the past two years.
Announcing this here on Friday, Finance Minister Harpal Cheema said the investigation revealed that M/s Monga Brothers (Unit-II), Buddewal Road, ...
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GSTN Advisory on difference in value of Table 8A and 8C of Annual Returns FY 23-24
Posted Date : 10-Dec-2024 , 12:20:46 am | Posted By CASANSAAR
As per the Notification No 12/2024 Central Tax dated 10th July 2024 read with Notification No.20/2024-Central Tax Dated 8th October 2024, for FY 2023-24 onwards, the total credit available for inwards supplies shall be auto-populated in the table 8A of Form GSTR 9 from GSTR-2B of the FY 23-24. Furth...
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GST Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration
Posted Date : 09-Dec-2024 , 08:29:33 am | Posted By CASANSAAR
Dec 8th, 2024
Dear Taxpayers,
This is to inform taxpayers about recent developments concerning the application process for GST registration. It is advised to keep the following key points in mind during the registration process.
1.Rule 8 of the CGST Rules, 2017 has been amended to provide t...
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Mandatory Sequential Filing of GSTR-7 Returns as per Notification No. 17/2024
Posted Date : 05-Dec-2024 , 11:01:28 am | Posted By CASANSAAR
Advisory on mandatory Sequential Filing of GSTR-7 Returns as per Notification No. 17/2024
Dec 4th, 2024
Multiple tickets have been received regarding sequential filing of return in Form GSTR-7. Taxpayers are referencing FAQs for the same, wherein “it is not mandatory” is mentioned....
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