While there are issues relating to mismatch in input and output returns, input tax credit availed of on exempted items, there are broader legal interpretational issues in GST notices as well
The narrative that GST dues are pending from the Centre is not correct and is a "misnomer" as states have not submitted AG's report, Union Finance Minister Nirmala Sitharaman said
Anuraag Saxena said that the industry is in a 'wait and watch' mode, and the true impact of the GST move will only be known after the period of review is over
The 15 per cent Y-o-Y growth in November came despite weak external conditions
Centre's fiscal deficit till October at 45% of budget estimates, bit lower than last year's
The Central Goods and Services Tax (CGST) Delhi East Commissionerate commenced coordinated 'Operation Clean Sweep' against fake billers, based on gathered human intelligence
Company officials said an ever-evolving regulatory environment, increasing focus on corporate governance, and constantly changing GST structures have catalysed the clamber for legal talent
The Centre may also tweak the rules of issuing summonses to the violators
The e-invoicing mechanism helps improve compliance and transparency in sales reporting, minimising errors and mismatches, and automating data entry
Average gross monthly GST collection in FY24 now stands at Rs 1.66 trillion, 11 per cent higher Y-o-Y, said the Ministry of Finance on Wednesday
Input tax credit can be claimed as such items are not gifts, says Telangana authority
Tax demands for 18% GST range from Rs 1 crore to Rs 150 crore
Intimation notices to 70 online gaming, edtech, ad companies
Authorities could not prove that petitioner intended to evade tax, says court
State-owned firm says taxes officer's action will not affect its finances
Likely to recommend 18% GST on 1% of amount guaranteed
The notice claims that the general insurer has not paid GST on reinsurance premium, despite receiving commissions from co-insurance companies
GST collection in the first half of this financial year reported 11 per cent growth to touch Rs 9.92 trillion compared to the same period a year ago
OIDAR service provider companies such as Google, X, and Facebook may have to pay integrated GST up to 18 per cent on services provided to the government and individuals in India
Evasion by companies may be to the tune of up to Rs 12,000 crore