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This portal provides effective GST (Goods and Services Tax) news about what is going in the financial world such as filing, taxes, evasion of taxes, etc. The financial news will bring you the knowledge and are helpful for the CAs.
The Blogs on this portal will also tell you about the trending GST news and financial updates whether it might be from any government or non-government portal. You can also stream into the GST articles relevant to the GST REG, the updated scheme for the people of India, and awareness about how to manage or provide consultancy to the people of India in managing their businesses.
The blog will regularly provide press releases of the GST council meetings held by the finance minister of India. Moreover, people can also seek information about the petitions imposed by the applicant and the progress or the result of the cases.
The Directorate General of GST Intelligence (DGGI) has noticed tax evasion of Rs 1.2 trillion using fake input tax credits, since 2020 to date, with the focus being laid on recognizing and comprehending the masterminds and disrupting syndicates, operating in the country, the finance ministry cited. The Goods and Services Tax (GST) intelligence department has […]
The Bombay High Court has quashed a Rs 2,237-crore GST demand raised against the company, Larsen & Toubro said. A Writ Petition by the Company was filed on August 14, 2023, in the Bombay High Court against the Show Cause Notice (SCN) issued by the Principal Commissioner of GST and Service Tax, Mumbai towards Service […]
Sources indicate that the Finance Ministry is poised to reassess the Goods and Services Tax (GST) rates applicable to digital news subscriptions. This decision comes in response to a suggestion from the Information and Broadcasting (I&B) Ministry to slash the GST rate on digital news subscriptions from the existing 18% to 5%. Key Points in […]
After reports about a GST notice being directed towards IIT-Delhi, the Ministry of Education intervened and initiated discussions with the Ministry of Finance to address the issue. Sources reveal that the following Rs. 120 crore GST notice served to IIT-Delhi concerning research grants received by the institution between 2017 and 2022, the education ministry has […]
The Comptroller and Auditor General (CAG) has urged the Finance Ministry to periodically specify high-risk taxpayers within the GST composition scheme and validate their reported sales figures through external sources, including third parties, to declare their sales to combat tax evasion. After scrutinizing 8.66 lakh composition taxpayers under central jurisdiction in the fiscal years 2019-20 […]
The Delhi High Court in a ruling limited the retrospective cancellation of the GST registration because of the absence of justification in the impugned order. In the same matter, the writ petitioner, Star Enterprises had enrolled his business with the GST authorities. The proper officer issued a show cause notice on 21.12.2021, and the writ […]
If the proper e-way bill is presented for the issuance of a seizure order, any differences are solved, directing the unwarranted arrest of the goods, Allahabad HC ruled. Once the E-way bill is produced before the seizure order can be passed, it shall not be stated that the applicant has made any violation of the […]
The Madras High Court in a ruling, set aside the penalty of 300% mentioning that the GST department did not consider the same High Court ruling that Section 27(4) Tamil Nadu Value Added Tax (TNVAT) cannot be invoked for belated filing of returns. The applicant, Clean Switch India, contested an order on March 18, 2024, […]
The Maharashtra Authority for Advance Ruling (AAR) in an order ruled that the work that has been completed as a part of the Jal Jeevan Mission conducted by the Government of India (GoI) before the year 2022 is to be waived from Goods and Service Tax (GST). The petitioner Geospatial Studios LLP is a partnership […]