Less than 2% of taxpayers served CGST notices - FinMin
Posted Date : 23-Jun-2024 , 04:38:17 pm | Posted By CASANSAAR
Finance Minister Nirmala Sitharaman on Saturday firmly asserted that the Centre’s intent was to make GST assessees’ life ‘easier, simpler and less cumbersome’, stressing that criticism about the harassment of taxpayers and excessive notices being sent was misinformed opinion ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 2785
|
 |
Recommendations of 53rd GST Council Meeting
Posted Date : 22-Jun-2024 , 11:53:15 am | Posted By CASANSAAR
GST Council recommends waiving interest and penalties for demand notices issued under Section 73 of the CGST Act (i.e. the cases not involving fraud, suppression or wilful misstatement, etc.) for the fiscal years 2017-18, 2018-19 and 2019-20, if the full tax demanded is paid upto 31.03.2025
GST C...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 2646
|
|
GST Council meeting may focus on procedural, compliance issues
Posted Date : 21-Jun-2024 , 06:23:45 pm | Posted By CASANSAAR
The upcoming meeting of the Goods and Services Tax Council is likely to focus on procedural issues and clarifications as well as pre-Budget discussions. Major decisions such as the review of the 28% tax on online gaming may be taken at a later date.
The 53rd meeting of the Goods and Services Tax ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 2172
|
|
Malabar porotta to attract 18% GST - Kerala High Court
Posted Date : 18-Jun-2024 , 08:59:02 pm | Posted By CASANSAAR
The Goods and Services Tax (GST) rate on Malabar porotta and whole wheat Malabar porotta will remain at 18% for two more months as a Division Bench of the Kerala High Court has stayed a single judge’s order that reduced the tax to 5%.
The Bench consisting of Justices A. Muhamed Mustaque and...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1693
|
|
GST Council to meet on Jun 22, may take up review of online gaming taxation
Posted Date : 13-Jun-2024 , 10:35:52 pm | Posted By CASANSAAR
The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet after a gap of eight months on June 22, and is likely to review the implementation of 28 per cent GST on the online gaming sector.
"The 53rd meeting of the GST Council will be held on 22nd June, 2024 at New Delhi,&quo...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1361
|
|
Multi-Crore GST Scam - 33 booked under Gangster Act, properties to be attached
Posted Date : 04-Jun-2024 , 08:09:01 am | Posted By CASANSAAR
The Noida police on Monday said that charges under the Gangsters Act have been invoked against 33 of the 45 accused arrested till date in the Goods and Services Tax (GST) fraud case.
On June 1, 2023, police claimed to have busted a gang suspected of orchestrating a ?10,000 crore GST fraud, the op...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 2192
|
|
CBIC issues instructions for initiating early GST recovery
Posted Date : 03-Jun-2024 , 09:02:50 am | Posted By CASANSAAR
The CBIC has said the Principal Commissioner or commissioner level officers can issue directions to recover GST dues before the stipulated three months of serving of demand order.
Under the GST law, if a taxable person does not pay the amount specified in an order passed under the CGST Act ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1291
|
|
GST appeal process to be fully digitised - GSTN
Posted Date : 03-Jun-2024 , 09:00:36 am | Posted By CASANSAAR
The Goods and Services Tax Network (GSTN) will digitilse the entire process of dispute resolution via appeal to the GST Appellate Tribunal (GSTAT), a senior official told FE. A portal is likely to be ready for this purpose before the full operationalisation of all the benches of the tribunal.
FE ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1857
|
|
GSTN Advisory on launch of E-Way Bill 2 Portal
Posted Date : 30-May-2024 , 09:52:29 am | Posted By CASANSAAR
GSTN is pleased to inform that NIC is releasing the E-Way Bill 2 Portal (https://ewaybill2.gst.gov.in) on 1st June 2024. This portal ensures high availability and runs in parallel to the e-way Bill main portal (https://ewaybillgst.gov.in). The e-way bill 2 portal s...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 861
|
|
Information from manufacturers of Pan Masal and Tobacco taxpayers - GSTN
Posted Date : 17-May-2024 , 09:05:57 am | Posted By CASANSAAR
Government had issued a notification to seek information from taxpayers dealing in the goods mentioned therein vide Notification No. 04/2024 – Central Tax dated 05-01-2024. Two forms have been notified vide this notification namely GST SRM-I and GST SRM-II. The former pertains to reg...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 2179
|
|
E-commerce firms seek clarity on registration under GST regime
Posted Date : 14-May-2024 , 07:39:35 am | Posted By CASANSAAR
With the rapid sprouting up of dark stores as part of their quick commerce strategies, e-commerce companies are seeking clarity from tax authorities for the registration process under the goods and services tax (GST) regime for their suppliers.
A dark store typically is a large warehouse and is u...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 3004
|
|
Arrest under GST Act should not be based on mere suspicion - SC
Posted Date : 10-May-2024 , 10:18:41 am | Posted By CASANSAAR
The Supreme Court told the Centre on Thursday that any arrest under the Goods and Services Tax (GST) Act should not be on mere suspicion but has to be based on cogent material and adherence to proper procedure.
A bench of Justices Sanjiv Khanna, M M Sundresh and Bela M Trivedi said the material u...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 4296
|
|
GST revenue collection for April 2024 highest ever at Rs 2.10 lakh Cr
Posted Date : 02-May-2024 , 08:07:09 am | Posted By CASANSAAR
The Gross Goods and Services Tax (GST) collections hit a record high in April 2024 at ?2.10 lakh crore. This represents a significant 12.4% year-on-year growth, driven by a strong increase in domestic transactions (up 13.4%) and imports (up 8.3%). After accounting for refunds, the net GST reven...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 8519
|
|
Patanjali asked to pay Rs 27.5 Cr for GST infraction
Posted Date : 01-May-2024 , 10:00:03 am | Posted By CASANSAAR
Notification Date: 29-04-2024Notification No: N/APatanjali Receives Rs 27.5 Crore Tax Claim From GST AuthorityOn Friday, Patanjali Foods said it had received a show cause notice from the Directorate General of GST Intelligence in Chandigarh over a Rs 27.5 crore tax claim,
The authority has pulled...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 5181
|
|
Patanjali Group firms under DGGI scanner for non-payment of GST, fake ITC
Posted Date : 01-May-2024 , 09:56:52 am | Posted By CASANSAAR
Fresh troubles seem to be in the offing for Patanjali Group companies led by Baba Ramdev. Directorate General for GST Intelligence (DGGI) is understood to have issued 2 show-cause notices to Patanjali Group companies — Patanjali Ayurved and Patanjali Foods.
According to sources, "DGGI ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 5149
|
|
GST Important Update - Enhancement in the GST Portal
Posted Date : 27-Apr-2024 , 09:26:42 am | Posted By CASANSAAR
Dear Taxpayers,
1. GSTN is pleased to inform that an enhanced version of the GST portal would be launched on 3rd May 2024. The effort is to improve user experience and ensure that the information you need is accessible and easy to navigate.
2. Key Enhancements Inclu...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 2456
|
|
SC issues notices on plea challenging anti-profiteering provisions
Posted Date : 20-Apr-2024 , 06:47:11 am | Posted By CASANSAAR
The Supreme Court on Friday issued notices to the central government, the Central Board of Indirect Taxes and Customs (CBIC), the Goods and Services (GST) Council and the National Anti-Profiteering Authority (its functions have been taken over by the Competition Commission of India) on a petition ch...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 2494
|
|
Malabar Parota to attract 5% GST and not 18%, rules Kerala HC
Posted Date : 18-Apr-2024 , 11:18:55 am | Posted By CASANSAAR
The delectable Malabar Parota will taste even better with the Kerala High Court ruling that the popular flatbread will attract GST at 5 per cent and not 18 per cent. With this the court has turned down order by the State’s Authority of Advance Ruling (AAR) and Appellate Authority for Advance R...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 3076
|
|
Businessman arrested in Rs.15,000 Cr GST fraud case, Claimed ITC through 35 fake Companies
Posted Date : 13-Apr-2024 , 08:40:47 am | Posted By CASANSAAR
A businessman from Delhi was taken into custody by the Noida police for his alleged involvement in a massive Rs 15,000 crore GST fraud that was exposed last year, TOI reported. Tushar Gupta, aged 39 and residing in Tilak Nagar, was arrested as the 33rd suspect in this case.
The police revealed th...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 4806
|
|
Govt extends implementation of special registration, return filing for pan masala, gutkha companies
Posted Date : 12-Apr-2024 , 07:56:31 am | Posted By CASANSAAR
The government has extended the deadline for implementation of special procedure for registration and monthly return filing of manufacturers of pan masala, gutkha and similar tobacco products till May 15.
Earlier in January, the Central Board of Indirect Taxes and Customs (CBIC) had announced the...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 2018
|
|
GSTN Advisory for Self Enablement For e-Invoicing
Posted Date : 04-Apr-2024 , 06:35:54 am | Posted By CASANSAAR
1. If your turnover exceeds INR 5 crores in the financial year 2023-2024, you will be required to start e-Invoicing from the next financial year, i.e., from 1st April 2024 onwards
2. For those who meet the notification criteria but have not yet been enabled on the po...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 4553
|
|
March 24 GST collection grows 11.5% to Rs 1.78 trillion - FinMin
Posted Date : 01-Apr-2024 , 08:05:45 pm | Posted By CASANSAAR
The Gross Goods and Services Tax (GST) collection in March registered a 11.5 per cent year-on-year growth at Rs 1.78 trillion, the Finance Ministry informed on Monday.
Driven by significant increase in tax collections from domestic transactions, it was the second-highest GST collection ever...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 4213
|
|
CBI books 3 GST officials for demanding Rs 22 lakh bribe
Posted Date : 27-Mar-2024 , 04:12:07 pm | Posted By CASANSAAR
The CBI has booked two superintendents of central GST along with another official for allegedly demanding a sum of Rs 22 lakh from a bullion trader to settle a dispute.
The accused individuals have been identified as Satish Sharma and Ankur Godyan, both serving as superintendents of central GST a...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 2046
|
|
Two Multimillionaires Masterminds arrested in Rs. 10,000 Cr GST fraud case
Posted Date : 22-Mar-2024 , 07:36:27 am | Posted By CASANSAAR
The two suspects are multimillionaires, owning metal and scrap factories. Over the last three years, they have caused huge loss to the government by availing of ITCs fraudulently.
With the arrest of two Haryana-based businessmen, the Noida Police on Wednesday evening claimed to have nabbed the &l...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 2365
|
|
GSTN Advisory on GSTR-1/IFF - Introduction of New 14A and 15A tables
Posted Date : 12-Mar-2024 , 09:06:33 pm | Posted By CASANSAAR
It is informed to all taxpayers that as per Notification No. 26/2022 – Central Tax dated 26th December 2022 two new Table 14A and Table 15A have been introduced in GSTR-1 to capture the amendment details of the supplies made through e-commerce operators (ECO) on which e-commerce operators are ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 988
|
|
Pay 6% Interest for delayed GST Refund - HC directs GST Department
Posted Date : 10-Mar-2024 , 08:06:27 am | Posted By CASANSAAR
The Delhi High Court has directed the GST department to pay 6% interest on delayed IGST refund.
The bench of Justice Sanjeev Sachdeva and Justice Ravinder Dudeja has observed that Section 56 of the CGST/DGST Act deals with the interest on delayed refunds. It provides that if any tax ordered to be...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 974
|
|
FinMin Sitharaman asks CBIC to settle classification issues
Posted Date : 06-Mar-2024 , 08:55:41 am | Posted By CASANSAAR
Finance Minister Nirmala Sitharaman has asked enforcement heads of state and central goods and services tax (GST) to settle tax cases linked to classification at its earliest.
In her address at a conference of enforcement chief of the state and the central GST formations in New Delhi, she told of...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1003
|
|
GST revenue collected during February 2024 gross Rs. 1,68,337 Cr
Posted Date : 01-Mar-2024 , 09:09:02 pm | Posted By CASANSAAR
Gross Goods and Services Tax (GST) revenue collected for February 2024 is ?1,68,337 crore, marking a robust 12.5% increase compared to that in the same month in 2023. This growth was driven by a 13.9% rise in GST from domestic transactions and 8.5% increase in GST from import of goods...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1225
|
|
SC issues notice to central govt on GST anti-profiteering provisions
Posted Date : 14-Feb-2024 , 08:32:40 am | Posted By CASANSAAR
The Supreme Court on Monday issued a notice to the union government in a case relating to the constitutional validity of anti-profiteering provisions under the goods and services tax (GST).
A three-judge bench comprising Chief Justice D Y Chandrachud, Justice J B Pardiwala and Justice Manoj Misra...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1240
|
|
CBIC cautions against fake GST summons, asks to check communications
Posted Date : 12-Feb-2024 , 07:35:34 am | Posted By CASANSAAR
The CBIC cautioned against fraudsters issuing fake GST summons and asked taxpayers to check the veracity of any communication received from GST authorities.
In a statement, the Central Board of Indirect Taxes and Customs (CBIC) said the Directorate General of GST Intelligence (DGGI) has recently ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1154
|
|
|
