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Wednesday, December 25, 2024 | 01:01 AM ISTEN Hindi

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Page 2 - Latest Updates on Goods and Services Tax

Rahul slams govt over video of restaurant chain owner 'apologising' to FM

In a post on X, Gandhi said when owner of a small business, like Annapoorna restaurant in Coimbatore, asks for a simplified GST regime, his request is met with 'arrogance and outright disrespect'

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Updated On : 13 Sep 2024 | 10:45 PM IST

Auto industry hits Rs 20 trn in FY24; contributes 14-15% to total GST: Siam

The auto sector also contributes significantly to the direct and indirect employment generation in the country, he said while speaking at the 64th ACMA session

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Updated On : 09 Sep 2024 | 12:00 PM IST

Transfer of leasehold land: Authorities may have upper hand in GST levy

When a company sells its rights to leasehold land to a third party for the remaining lease term, the transaction typically attracts stamp duty

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Updated On : 06 Sep 2024 | 11:13 PM IST

Chocolate firms, bakeries receive notices for alleged GST underpayment

Directorate General of Goods and Services Tax Intelligence say chocolatiers, bakeries do not classify as restaurants and must pay 18% GST, not 5%

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Updated On : 28 Aug 2024 | 2:36 PM IST

GST payers with no valid bank account barred from filing GSTR-1 from Sept 1

GST taxpayers who do not furnish bank account details to GST authorities will be barred from filing outward supply return GSTR-1 from September 1, GST Network (GSTN) has said in an advisory.

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Updated On : 26 Aug 2024 | 11:55 PM IST

Foreign shipping companies granted Rs 3,000 crore GST exemption for FY18

The Directorate General of Goods and Services Tax Intelligence withdrew the tax demand after the shipping companies collectively assured authorities that no services had been imported in 2017-18

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Updated On : 24 Aug 2024 | 9:22 AM IST

GST intelligence detects tax evasion of Rs 1.2 trillion so far since 2020

This comes in the backdrop of a fresh special drive being undertaken by both Central and State authorities to identify and weed out fake registrations

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Updated On : 20 Aug 2024 | 10:30 PM IST

Reduce GST on online news subscriptions to 5%: MIB tells revenue dept

Printed newspapers, journals, and periodicals are presently exempted from the Goods and Services Tax while online news subscriptions at taxed at 18 per cent

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Updated On : 16 Aug 2024 | 2:54 PM IST

Second all-India drive against fake GST registrations to begin on Aug 16

Under GST, entities take fake registration for the purpose of fraudulently claiming ITC by issuing bogus invoices

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Updated On : 13 Aug 2024 | 12:52 PM IST

GST Council to meet on Sept 9, to start discussion on rate rationalisation

The GST Council, comprising finance ministers of Centre and states, is the apex decision making body with regard to Goods and Services Tax (GST), which was rolled out on July 1, 2017

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Updated On : 13 Aug 2024 | 11:23 PM IST

GST fraud busted: Officer among 7 arrested in Rs 54 crore fake firms scam

Joint Commissioner of Police, ACB, Madhur Verma said that besides the GST officer, three advocates, two transporters, and the owner of a fictitious company were also allegedly involved in the scam

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Updated On : 13 Aug 2024 | 10:55 AM IST

CBIC to begin special drive to weed out fake GST registration on Aug 16

This is the second such drive to identify fake registrations under Goods and Services Tax (GST). Fake GST registrations are usually taken to fraudulently avail and pass on input tax credit

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Updated On : 12 Aug 2024 | 11:37 PM IST

Rs 1.82 trillion GST from mobile phones 5 times what PLI allocated

ICEA, which provided the GST data, projects that GST collections from mobile devices between FY21 and FY26 are expected to reach Rs 3.09 trillion

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Updated On : 08 Aug 2024 | 10:54 PM IST

Pan masala makers to pay fine from Oct if machines unregistered with taxmen

Move to overhaul registration, record-keeping, and monthly filing of such businesses was aimed at improving Goods and Service Tax (GST) compliance for manufacturers of pan masala and tobacco products

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Updated On : 07 Aug 2024 | 11:01 PM IST

DGGI gives partial relief to Infosys, closes Rs 3,898 cr FY18 GST tax case

Earlier this week, the IT services company received a Rs 32,403 crore GST notice from authorities

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Updated On : 03 Aug 2024 | 11:46 PM IST

TMC requests govt to withdraw GST on health, medical insurance premiums

MPs from INDIA bloc parties TMC and DMK walked out of the House, alleging that there was no clarification from the government over the issue

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Updated On : 02 Aug 2024 | 1:22 PM IST

Fake ITC claims detection by GST officers up 51% at Rs 36,374 cr in FY24

Chaudhary said challenges in tracking fake ITC fraudsters relate to masterminds, who operate fake ITC generation through control, management of a complex web of entities created across jurisdictions

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Updated On : 29 Jul 2024 | 11:43 PM IST

Rural volumes likely to overtake urban by FY25-end, says Kantar report

Kantar report says rural growth largely led by rise in population rather than consumption

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Updated On : 25 Jul 2024 | 11:00 PM IST

Growth or decline? Understanding non-agricultural informal enterprises

Efforts at providing robust data for unorganised sector, which plays an important role in livelihood and survival of the poor, has so far been half-hearted, producing no comparable evidence over time

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Updated On : 15 Jul 2024 | 7:00 AM IST

Govt procurement comes full circle in Chhattisgarh, GeM portal to resume

New BJP-led government restores practise of purchasing goods & services from Centre's GeM portal; Cong-led govt used to get it from state's portal

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Updated On : 11 Jul 2024 | 1:01 AM IST