Latest News

  • 22 Dec 2023
#employeebenifites #healthinsurance #gst #organisations

Employer-sponsored health insurance costs may rise by 11% in 2024: Report

Employer-sponsored health insurance costs may rise by 11% in 2024: Report

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  • 22 Dec 2023
#cnbctv18 #gst #indore #fmsitharaman #tribunal #gstappellate

FM Sitharaman gives nod to setting up of GST Appellate Tribunal in Indore

FM Sitharaman gives nod to setting up of GST Appellate Tribunal in Indore

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  • 22 Dec 2023
#breakingdown #gstrevenue #primeminister #gstnews #2023-24

Centre, states, and money: Is India's co-operative federalism dream breaking down?

Centre, states, and money: Is India's co-operative federalism dream breaking down?

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  • 22 Dec 2023
#msme #financialcrunch #gstnews #gst #msmesector

MSMEs face financial crunch; need Rs 5.15 lakh crore in near term

MSMEs face financial crunch; need Rs 5.15 lakh crore in near term

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  • 21 Dec 2023
#gstnews #gst #news tamilnadu #gstr3b #pressreease #lateeess

TN Govt. Grants Extends GSTR-3B Filing Deadline and Waives Late Fee

The Government of Tamil Nadu issued Press Release No. 2570 dated December 20, 2023 has undertaken extensive relief measures to mitigate the severe impact of the MICHAUNG cyclone on 04th and 05th December, 2023.

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  • 21 Dec 2023
#gstnews #gst #news #notification #gstr3b #tamilnadu #duedate

Deadline Extension: GSTR-3B Filing for November 2023 in Specific Tamil Nadu Districts

The CBIC vide Notification No. 55/2023 – Central Tax dated December 20, 2023, extends the deadline for filing FORM GSTR-3B for November 2023 until December 27, 2023. This extension applies to registered individuals with their principal place of business in specific districts of Tamil Nadu (Chennai, Tiruvallur, Chengalpattu, Kancheepuram), as recommended by the Council under section 39(1) and rule 61(1)(i) of the Central Goods and Services Tax Rules, 2017 (“the CGST Rules”).

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  • 21 Dec 2023
#gstnews #gst #news #rajyasabha #gstappellatetribunal

Rajya Sabha passes bill to set up GST appellate tribunals, ease age cap

The Rajya Sabha on Wednesday granted an approval to a bill aimed at facilitating the setting up of Goods and Services Tax (GST) appellate tribunals (GSTAT). The approved bill brings about crucial modifications to the terms of appointment for tribunal members and establishes a minimum age cap of 50 years for both members and presidents of the tribunal.

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  • 21 Dec 2023
#gstnews #gst #news #icicibank #maharastra #department

ICICI Bank faces Rs 7.47 cr GST demand from Maharashtra department

ICICI Bank has told exchanges it has received a demand order from the Maharashtra Goods and Services Tax (GST) department amounting to more than Rs 7.47 crore. This includes GST and interest demands of more than Rs 3 crore each, along with a penalty of Rs 11 lakh.

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  • 21 Dec 2023
#gstnews #gst #news #gstcouncil #advisory #businessmen #scam #gstfraud

GST Council Issues Advisory For Businessmen To Avoid Getting Scammed

GST Frauds: The number of cases of online fraud involving GST payments has increased. Scammers are asking you to download the challan for GST payment via phone calls, SMS, and mail.

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  • 21 Dec 2023
#gstnews #gst #news #pharmaproducts #gstexemption #import #lifesaving #medicine

Provide GST exemption on import of pharma products used in life-saving medicines research

A parliamentary panel has asked the Centre to provide GST exemption for imported pharmaceutical products used by hospitals or scientific organisations in research on life-saving medicines and treatments.

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  • 21 Dec 2023
#gstnews #gst #news #gstregistration #thresholdlimit #financeminister #nirmalasitharaman

Raising GST registration threshold from Rs 40 lakh to Rs 60 lakh may be considered says FM

Finance Minister Nirmala Sitharaman on Wednesday said the request from Parliamentarians to raise the sales threshold for Goods and Services Tax (GST) registration can be looked into by the GST Council; however, she added that most small businesses ideally should be part of the GST chain.

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  • 21 Dec 2023
#CBIC #NN55 #GSTR3B #gstnews #centraltax #tamilnad

Deadline Extension: GSTR-3B Filing for November 2023 in Specific Tamil Nadu Districts

Deadline Extension: GSTR-3B Filing for November 2023 in Specific Tamil Nadu Districts

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  • 21 Dec 2023
#icicibank #gstdemand #maharashtra #AAR

ICICI Bank faces Rs 7.47 cr GST demand from Maharashtra department

ICICI Bank faces Rs 7.47 cr GST demand from Maharashtra department

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  • 21 Dec 2023
#GSTAT #gstnews #taxexpert #gstbill

GSTAT: Relaxing retirement age, eligibility criteria of members to bring efficiency, say tax experts

GSTAT: Relaxing retirement age, eligibility criteria of members to bring efficiency, say tax experts

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  • 21 Dec 2023
#onlinegaming #gst #gstnews #ebidta

Online gaming companies to incentive's players hit 28% GST

Online gaming companies to incentive's players to park deposits for longer duration's to balance 28% GST hit

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  • 20 Dec 2023
#gstnews #gst #news #uttrakhand #timbertrade #gstdepartment

Uttarakhand GST Department files 3,500-page charge sheet in illegal timber trade case

The Special Investigation Bureau of Uttarakhand GST department has filed a 3,500-page charge sheet in the court of Rudrapur Chief Judicial Magistrate against Shahnawaz Hussain, the mastermind of the illegal timber trade.

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  • 20 Dec 2023
#gstnews #gst #news #gstregistration #nirmalasitharaman #financeminister #fm

GST Registered taxpayers doubled in six years says FM Nirmala Sitharaman in Lok Sabha

The number of entities registered to pay the Goods and Services Tax (GST) has doubled to 14 million in the six years since its inception, finance minister Nirmala Sitharaman told the Lok Sabha, which passed the Central Goods and Services Tax (Second Amendment) Bill, 2023, to align age and qualification criteria with the Tribunal Reforms Act, 2021, thus paving the way to set up a GST appellate tribunal (GSTAT).

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  • 20 Dec 2023
#gstnews #gst #news #gstdemand #ultratech #cement #penalty

UltraTech Cement receives GST demands and penalty of over Rs 20 lakh

UltraTech Cement has received orders pertaining to GST from assistant commissioner CGST & Central Excise and joint commissioner – Central Tax, South Kolkata allegedly for ineligible input tax credit transitioned to GST, the company said in a BSE filing.

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  • 20 Dec 2023
#gstnews #gst #news #onlinegaming #financeminister #nirmalasitharaman

Valuation rules for GST on e-gaming platforms effective prospectively: FM

Finance Minister Nirmala Sitharaman on Tuesday said the valuation rules for levying 28 per cent GST on entry-level bets on online gaming platforms are effective prospectively.

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  • 20 Dec 2023
#CJI #gstappellate #gstnews #financeminister #loksabha

CJI DY Chandrachud Flagged Anomalies In GST Appellate Tribunal Provision : Finance Minister

CJI DY Chandrachud Flagged Anomalies In GST Appellate Tribunal Provision : Finance Minister Tells Lok Sabha

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  • 20 Dec 2023
#gstreturn #filingtax #monthlycollection

Number of GST return filers up 65% to 1.13 crore in 5 years; 90% filing tax payment form in time

Number of GST return filers up 65% to 1.13 crore in 5 years; 90% filing tax payment form in time

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