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Goods and Services Tax
Goods and Services Tax News
AADHAAR
13 May 2024
Five States Show Interest In Implementing Aadhaar-Based Authentication For GST
Goods and Services Tax (GST) authorities have so far been using OTP-based Aadhaar authentication to establish the identity of the applicants, seeking registration.
Zomato
02 May 2024
Zomato Receives GST Demand, Penalty Order Of Over Rs 2 Crore
The order consists of Rs 2,22,91,376 in GST demand with interest of Rs 2,08,98,164 and a penalty of Rs 22,29,136 for the April 2018 to March 2019 period.
Goods and Services Tax
02 May 2024
Historic GST Collection In April 2024: Check State-Wise Growth Of GST Revenues
In the month of April, 2024, the central government settled ₹50,307 crore to CGST and ₹41,600 crore to SGST from the IGST collected.
Goods and Services Tax
01 May 2024
Highest Ever GST Collection! Hits Record High Of Rs 2.10 Lakh Crore In April
Check below the Breakdown of April 2024 GST Collections.
GST
12 Apr 2024
Many Large Companies To Move Appellate Authority Against GST Demand Notices
In recent days, an increasing number of GST notices have been sent to many companies mainly on account of alleged discrepancy in input tax credit (ITC).
Goods and Services Tax
01 Apr 2024
GST Collections Creates Another Record With Rs 1.78 Lakh Crore-Mark In March
The Ministry of Finance stated that the increase in GST collection in March 2024 was mainly due to a notable rise in GST collected from transactions within the country
Zomato GST penalty
17 Mar 2024
Zomato Faces Rs 8.6 Crore GST Penalty Notice From Deputy Commissioner
According to Zomato's explanation, the action taken is based on an Adjudication Order issued under Section 73 of the CGST Act, 2017, and GGST Act, 2017.
GST composition scheme
17 Mar 2024
Deadline For GST Composition Scheme Is March 31: Check What It Is & How To Opt
The Composition Scheme under the Goods and Services Tax (GST) offers a straightforward and hassle-free tax solution for small businesses.
Zomato
22 Nov 2023
Zomato, Swiggy Slapped With Rs 500 Crore GST Notice Each: Report
There is often a dispute between tax officers and food delivery apps regarding the delivery fee, which involves nearly Rs 1000 crore, according to the reports.
GST
12 Oct 2023
18% GST On Gangajal? Check What The Authority Says
The need for clarity regarding the GST imposed on Gangakjal arose as a result of many media stories claiming that the item was subject to an 18 percent GST.
GST Council
03 Aug 2023
Taxing GST On Deposits Will Wipe Out 80% Of Online Gaming Industry
The GST Council has also decided to review the decisions on the rate of tax and valuation after six months of implementation of the amendments, giving some hope to the industry.
GST
02 Aug 2023
28% GST On Online Gaming Stays; To Be Reviewed After 6 Months Of Roll-Out
The panel had at its last meeting decided to levy a 28 percent GST on the full face value of bets placed and Wednesday's meeting was to deliberate on the tax law changes that would be required to implement it.
Goods and Services Tax
01 Aug 2023
New GST Rule Kicks In From Today, Indian Companies Should Know THIS Threshold
Starting on today, companies with a B2B transactional value of over Rs 5 crore will be required to produce an electronic or e-invoice. For all B2B transactions, companies must currently generate an electronic invoice if their annual revenue is Rs. 10 crore or more.
Goods and Services Tax
31 Jul 2023
GST Rules Changing From Tomorrow, Lakhs Of Companies In India To Be Impacted
Starting on August 1, companies with a B2B transactional value of over Rs 5 crore will be required to produce an electronic or e-invoice. For all B2B transactions, companies must currently generate an electronic invoice if their annual revenue is Rs. 10 crore or more.
Goods and Services Tax
25 Jul 2023
GST Rules Changing From Next Week, To Impact Lakhs Of Companies In India
For major businesses with a revenue of more than Rs 500 crore, e-invoicing was initially adopted in 2020.
GST
01 Jul 2023
India's Goods And Services Tax Receipts Rise 12% Year Over Year In June
The monthly GST collected has topped the 1.5 trillion rupees-mark for the seventh time since the new tax regime was introduced in 2017. India's nominal growth is estimated to be 10.5% in the current fiscal year.
Goods and Services Tax
16 Jun 2023
GST Council Meet On July 11, Likely To Discuss Steps To Prevent THIS
Chairman of Central Board of Indirect Taxes and Customs (CBIC), Vivek Johri said this while speaking to reporters at the sidelines of an event.
Goods and Services Tax
12 May 2023
GST Rules Changing From August 1, To Impact Lakhs Of Companies In India
New GST Rules: The Finance Ministry has issued a circular announcing reduction in threshold limit for GST E-invoicing.
GST
08 May 2023
GSTN Defers By 3 Months Implementation Of E-invoice Reporting Time Limit
Previously, there was no such restriction for businesses to upload the invoices on the IRP.
GST
01 May 2023
New GST Rules From Today, Biz With Over Rs 100 Cr Turnover Must Know This
Under GST law, e-invoicing for B2B transactions was made mandatory for companies with turnover of over Rs 100 crore effective January 1, 2021.
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