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  • 25 Sep 2023
#gstnews #gst #news #financeminister #nirmalasithraman

Northeast biggest beneficiary of GST: Nirmala Sitharaman

North Eastern states have benefitted from the implementation of Goods and Services Tax (GST) by way of a big jump in their revenue collections after the tax reform in 2017, finance minister Nirmala Sitharaman said at an event on Saturday.

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  • 25 Sep 2023
#gstnews #gst #news #demandnotice #notice #legalhelp #legal #help

Delta Corp gets GST demand notices of Rs 16,800 cr; company says would seek legal help

Casino operator Delta Corp has received tax notices totalling Rs 16,822 crore from the Directorate General of GST Intelligence on Friday. This demand is for the period between July 2017 and March 2022.

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  • 25 Sep 2023
#gstnews #gst #news #onlinegames #taxnotice #notice

Tax troubles: 80 online gaming companies likely to face GST evasion notice

About 80 online gaming companies are likely to face tax notices for alleged goods and services tax (GST) evasion of Rs10,000-12,000 crore, according to a senior government official.

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  • 24 Sep 2023
#gstnews #gst #news #kerala #gsttribunal

Confusion prevails as union govt notifies only one bench of GST appellate tribunal for Kerala

Despite promising the state two benches of the GST Appellate Tribunal, the union finance ministry has issued a notification allocating only one bench to Kerala and Lakshadweep. This has caused confusion and disappointment in Kerala, where the state government had already passed a Bill to set up two benches. The state has now requested the union government to clarify the situation.

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  • 24 Sep 2023
#gstnews #gst #news #bihar

LIC receives GST bill of over Rs 290 crore from the Bihar tax department

The Life Insurance Corporation of India received a Goods and Services Tax receipt, including interest and penalty, of over Rs 290 crore from the Bihar state tax officials.

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  • 24 Sep 2023
#gstnews #gst #news #taxevasion #onlinegames

Alleged GST evasion by online gaming companies seen at nearly Rs 31,000 crore

The Directorate-General of Goods and Services Tax Intelligence (DGGI) has upped the quantum of alleged tax evasion by online gaming companies to nearly Rs 31,000 crore. Official sources told BT TV that the authorities are in the process of sending show cause notices, adding that they suspect around 80 online gaming companies to be involved in this.

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  • 23 Sep 2023
#gstnews #gst #news #track #application #status

GSTN Introduces ‘Track Application Status’ Tab in GST Registration Process

The Goods and Services Tax Network (“GSTN”) has now added a new ‘Track Application Status’ tab to the GST registration process. When a person needs to file further clarifications, they can log in with their Temporary Reference Number (“TRN”) and access this tab. In the past, tracking the application status had to be done separately from the Registration Dashboard on the GST Portal.

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  • 22 Sep 2023
#gstnews #gst #news #gdp #finmin

FinMin comfortable with 6.5% baseline GDP growth estimate for FY24

“Economic activity maintained its momentum. High frequency indicators suggest that the second quarter of FY24 is shaping up well too,” said the Monthly Economic Review of the ministry.

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  • 22 Sep 2023
#gstnews #gst #news #amend #legislation #himachal

Himachal CM tables legislation to amend taxation on goods carried by road

Himachal Pradesh Chief Minsiter Sukhvinder Singh Sukhu, who holds the portfolio of Finance, tabled a legislation in the state assembly, seeking to amend taxation on the goods carried by the roads to omit the provision to levy tax on account of distance covered.

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  • 22 Sep 2023
#gstnews #gst #news #gstofficer #bribe #corrupt

Nashik: Female GST Officer Arrested by Anti-Corruption Bureau (ACB) for Accepting a Bribe

The complainant had applied to the office of the Business Tax Officer on September 13 to cancel the business tax of his company, Kalpdeep Industrial Security Services, which had been closed for two years.

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  • 22 Sep 2023
#gstnews #gst #news #tamilnadu #uttarpradesh #up #mp #taxcollection

Tamil Nadu lags in Q1 tax collection; MP and UP shine

Madhya Pradesh recorded the highest growth in tax revenues among major States in the first quarter. The State own tax revenue (SOTR) of Madhya Pradesh grew 23 per cent year-on-year to Rs 23,387 crore in the April-June quarter. Tamil Nadu recorded the lowest growth in this period at 2 per cent.

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  • 22 Sep 2023
#gstnews #gst #news #exemption #prison #jammers #jail

Parliamentary panel bats for GST exemption for prison products, hi-tech jammers in jails

Products made by jail inmates should be exempted from GST, as this will give them a competitive edge over similar products made by big business houses, besides improving their sales and profitability, a high-level Parliamentary panel said.

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  • 21 Sep 2023
#gstnews #gst #news #institues #karnataka

Karnataka commercial taxes dept launches drive against coaching institutes evading GST

“The officers seized incriminating records and digital evidence and the investigation is in progress. As a result of the search operation conducted, it is suspected that a substantial volume of turnovers has been suppressed, and tax has been evaded by the said group of coaching institutes.

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  • 21 Sep 2023
#gstnews #gst #news #karnataka #commercialtax #evadetax

Karnataka commercial taxes department launches drive against coaching institues evading GST

The Commercial Taxes Department, Karnataka, busted a prominent group operating multiple coaching institutes in Vijayapura for alleged evasion of Goods and Services Tax (GST).

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  • 21 Sep 2023
#incometaxnews #incometax #news

Income Tax Department Introduces New Tax Payment Summary Report

The Income Tax Department has recently introduced a new report related to tax payments, which is now accessible in the “Reports” section of the AIS portal. This report is designed to provide a comprehensive summary of taxes paid for a specific Assessment Year (A.Y).

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  • 21 Sep 2023
#gstnews #gst #news #bribecase #chandigarh #judicialcustody

CBI catches Chartered Accountant red-handed while accepting bribe of Rs 50,000

“Accused Aggarwal demanded Rs 1.50 lakh bribe from Sharma. He agreed to accept Rs 50,000 cash in hand. The complainant was told to deposit Rs 1 lakh in the bank account of the CA. The complainant who did not want to give the money lodged a complaint to the CBI. A trap was laid and Aggarwal was caught red-handed while accepting the bribe near Mohali,” a CBI officer said.

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  • 21 Sep 2023
#gstnews #gst #news #gstcompliance

Rising GST mop-up an outcome of improved compliance: CBIC chairman

The buoyancy in the goods and services tax (GST) collections will continue in the remaining part of the year, according to SANJAY KUMAR AGARWAL, chairman of the Central Board of Indirect Taxes and Customs (CBIC). In conversation with Shrimi Choudhary at his office in North Block, he attributes the rise in collections to improved compliance.

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  • 20 Sep 2023
#gstnews #gst #news #icecream #AAR #ruling

Ice cream topping crackle likely to attract 18 per cent GST on AAR ruling

The crackle sold to companies for use as toppings on ice creams may now be subject to a higher goods and services tax (GST) rate of 18 per cent, and not 12 per cent. The Authority for Advance Rulings (AAR) has held that crackle sold to ice cream companies should not be categorised as sugar boiled confectionery but rather as an industrial input.

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  • 20 Sep 2023
#gstnews #gst #news #fakebilling #penalty

Fake billing: 12 firms face Rs 50.19 crore GST penalty

Having arrested four persons in January this year in an alleged fake billing case, the Punjab GST Department has now adjudicated 12 firms and imposed a penalty of Rs 50.19 crore against them.

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  • 20 Sep 2023
#gstnews #gst #news #testing #biometric

GST testing of biometric, geotagging authentication bogged down by data access issues: Official

Pilot projects to test biometric and geotagging authentication during the GST registration process have been delayed due to disagreements over access to the Aadhaar identity database, a senior government official said.

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  • 20 Sep 2023
#gstnews #gst #news #einvoice #governmentsupplies

GST e-invoice System issued important clarification on e-Invoicing for Government Supplies

GST Policy Wing has issued the clarification on the applicability of the e-invoicing to the supplies made to the Government departments or agencies, through Circular No. 198/10/2023-GST dated: July 17, 2023.

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