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  • 13 Oct 2023
#gstnews #gst #news #telangana #gstrefund #arrested

GST refund scam of Rs 42 crore unearthed, one arrested

A GST refund scam to the tune of over Rs 42 crore was unearthed with the Commercial Taxes Department investigating eight such cases, in which at least one person was arrested and produced in court.

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  • 13 Oct 2023
#gstnews #gst #news #gstcouncil #demand #electronicvehicle #ev

EV players seek policy support after GST Council rejects demand to cut tax on lithium-ion batteries

Despite the GST Council not obliging any tax cut on lithium-ion batteries that power Electric Vehicles (EVs), many industry players are hopeful of sustaining the growth momentum, albeit at a slower rate, even as they are seeking government support for faster adoption of EVs in India.

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  • 13 Oct 2023
#gstnews #gst #news kerala #taxes

Kerala GST Department issued Guidelines for Separate Notices to Taxpayers under sections 73 & 74

The Kerala GST Department vide Circular No. 16/2023 dated October 09, 2023, has provided guidelines on issuing separate notices to the same taxpayer under sections 73 and 74 of the Kerala State Goods and Services Tax Act, 2017 (“the KSGST Act”).

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  • 13 Oct 2023
#gstnews #gst #news #rajasthan #gstdepartment

Rajasthan GST Department issued Order Regarding the Territorial Jurisdiction of Proper Officers

The Rajasthan GST Department issued Order No. F.17(131-Pt-III)ACCT/GST/2017/8719 dated October 3, 2023, concerning the territorial jurisdiction of proper officers, with effect from August 1, 2023.

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  • 12 Oct 2023
#gstnews #gst #news #lic #insurance #gstnotice #notice

LIC says it has got GST notice of Rs 37,000 cr for paying taxes at lower rate

The Life Insurance Corporation of India (LIC) has received a Goods and Services Tax (GST) demand order accruing to nearly Rs 37,000 crore for paying taxes at 12 per cent instead of 18 per cent for some invoices during the assessment year 2019-2020.

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  • 12 Oct 2023
#gstnews #gst #news #gangajal #gstrate #clarification

CBIC issued important clarification regarding applicability of GST on Gangajal

The CBIC issued a Clarification on October 12, 2023, regarding certain media reports on the applicability of GST on Gangajal.

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  • 12 Oct 2023
#gstnews #gst #news #eco #ecommerceoperaor

Facility for the ECO through whom unregistered suppliers of goods can supply goods

The GSTN issued Advisory No. 607 dated October 12, 2023 regarding Facility for the e-commerce operators through whom unregistered suppliers of goods can supply goods.

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  • 12 Oct 2023
#gstnews #gst #news #ecommerceoperator #eco #unregistered

Facility of enrolment for supply of goods through ECO by GST un-registered suppliers

The GSTN issued Advisory No. 608 dated October 12, 2023 regarding the Facility of enrolment for supply of goods through e-commerce operators by GST un-registered suppliers.

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  • 11 Oct 2023
#gstnews #gst #news #ed #arrest #vivo #mobile

ED arrests four persons in money laundering case against Chinese phone-maker Vivo

The Enforcement Directorate has arrested four persons including the MD of the Lava International mobile company and a Chinese national as part of its ongoing money-laundering probe against Chinese smartphone-maker Vivo, official sources said on Tuesday. They identified the four as Hari Om Rai, the MD of Lava International company, Chinese national Guangwen Kyang, Chartered Accountant Nitin Garg and a person called Rajan Malik.

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  • 11 Oct 2023
#gstnews #gst #news #taxevasion #raid

Tax evasion of Rs 8.1 crore unearthed in raids across 7 districts

Raids linked to GST (Goods and Services Tax) evasion were carried out at 52 locations in seven districts of the state, officials said on Monday. In a release, the state division highlighted that an evasion of Rs 8.1 crore was unearthed.

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  • 11 Oct 2023
#gstnews #gst #news #alcohol #lowergst

GST rate cut on molasses not likely to lead to price cut on alcohol

The GST Council reducing rate for molasses may not bring any cheer for consumers as the alcohol industry believes the 23% savings are likely to be subsumed by states in the form of revised state taxes, said a senior official from an industry body on Monday,

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  • 11 Oct 2023
#gstnews #gst #news #gstrefund #insurance

GST refund on premiums makes term insurance more attractive for NRIs

Irrespective of where in the world you live, a financially secure future for your family must be the universal foundation of your financial planning. This is why the need for a robust term insurance plan transcends geographies and demographics.

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  • 10 Oct 2023
#gstnews #gst #news #starhealthinsurance #gstnotice #notice

Star Health and Allied Insurance sent GST notice for Rs 39 crore by DGGI

Star Health and Allied Insurance company received a notice from the Directorate General of GST Intelligence for payment of tax worth Rs 38.99 crore, the insurance firm said in its BSE filing on Monday.

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  • 10 Oct 2023
#gstnews #gst #news #gstevasion #karnataka

Sleuths raid biriyani outlets in Hoskote, unearth GST evasion

The Commercial Tax sleuths on Monday conducted a series of raids on the famous non-vegetarian hotels in Hoskote and unearthed huge GST evasion using UPI payment mode.

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  • 10 Oct 2023
#gstnews #gst #news #compensation #business

GST Council to discuss apportioning compensation cess beyond March 2026

The GST Council will decide on the modalities for appropriating the revenue collected by levying compensation cess on luxury, sin and demerit goods beyond March 2026, the deadline to repay loans taken by Centre to compensate states for revenue loss during Covid, an official said.

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  • 10 Oct 2023
#gstnews #gst #news #lifeinsurance

GST Council likely to clarify premium on life insurance

The GST Council will soon provide clarity on input tax credit for life insurers, following a recent Rs 290-crore demand on Life Insurance Corporation — a move that is expected to come as a relief for the state-owned behemoth.

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  • 07 Oct 2023
#gstnews #gst #news #gstregistration #sop

SOP for processing of GST Registration application at the ‘SEVA KENDRA’

The Delhi GST Department has issued Standard Operating Procedure (“SOP”) vide F.3(486) GST/Policy/ 2023/721 dated June 23, 2023 for processing of GST Registration application at the Centralized GST Registration Cell (named “SEVA KENDRA”).

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  • 07 Oct 2023
#gstnews #gst #new #gstcouncilmeeting #provisionalattachment

52nd GST Council Meeting: Recommends for Automatic Restoration of Provisionally Attached Properties

The GST Council’s 52nd meeting was held in Delhi on October 07, 2023, under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman.

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  • 07 Oct 2023
#gstnews #gst #news #gstcouncil #amnestyscheme

52nd GST Council Meeting: Approve Amnesty Scheme for Appeal Filing until January 31, 2024

The GST Council’s 52nd meeting was held in Delhi on October 07, 2023, under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman.

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  • 07 Oct 2023
#gstnews #gst #news #exportremittance

Export Remittance received in Special INR Vostro Account included in Export of Services

The GST Council’s 52nd meeting was held in Delhi on October 07, 2023, under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman.

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  • 08 Oct 2023
#gstnews #gst #news #corporateloangurantee

18% GST on parent company’s guarantee to subsidiary, waives tax for director’s personal guarantees

The parent company’s corporate guarantee to its subsidiary for a bank loan will attract 18 per cent GST, recommended the GST Council on Saturday. However, there will be no GST if a director provides a personal guarantee for a loan from a bank or any financial institution to his/her own company.”

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