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The launch of a new Biometric Face Authentication feature through a mobile application has been announced by the Andhra Pradesh Commercial Taxes Department, in collaboration with the Goods and Services Tax Network (GSTN), w.e.f January 1, 2025. In a statement, Babu A., Chief Commissioner of State Tax, notified that this Biometric Face Authentication was objected […]
It was held by the Jharkhand High Court that the Goods and Services Tax ( GST) Input Tax Credit ( ITC ) is permissible even on the late filing of the Goods and Services Return GSTR-3B for the FY 2017-18 while asking for a Refund of Penalty & Interest to the petitioner. M/s. Ram Constructions, […]
A proposal for rationalising GST on insurance premiums has surged with the Financial Services department and the Issuance Regulatory and Development Authority of India (IRDAI) assisting the move, before the GST council meeting. On December 21, the GST Council 55th meeting is scheduled to meet at Jaisalmer in Rajasthan and one possible item on the […]
The Andhra Pradesh GST AAR decided on M/s RV Hydraulic Services and their request for a tax benefit. They denied the company’s claim for a refund on the tax paid for imported machinery. The main reason for this decision was that the official document proving the import, called the Bill of Entry, was not registered […]
It was revealed by Pankaj Chaudhary minister of state in the Ministry of Finance that the government has collected Rs 4792.4 crores from Goods and Services Tax (GST) applied before the education services in the FY 2023-24. Such services are not waived under GST with an 18% tax rate imposed on them under Service Accounting […]
Karnataka and Tamil Nadu in the South are counted under the top 5 states in India that account for 70% of India’s total direct tax collections. Maharashtra tops the list with 38.9%, accounting for a significant portion of tax collections, whereas Karnataka and Tamil Nadu rank second and fourth, respectively. Following Gujarat, Delhi has arrived […]
The Group of Ministers (GoM) has the task of easing the structure of the Goods and Services Tax (GST) and for that, the meeting will be conducted on October 20 to deliberate on rate rationalization proposals pertinent to the foods, footwear, and textile items. The reviewed items are in the 12% tax bracket. Bihar Deputy […]
The Central Board of Indirect Taxes and Customs (CBIC) on October 8, 2024, via GST Notification No. 20/2024 – Central Tax, introduced Rule 47A into the Central Goods and Services Tax (CGST) Rules, 2017. The very revision will come into force from 1st November 2024 and obligates a strict duration to issue the tax invoices […]
E-way bill generation has emerged from improved compliance and stringent enforcement by GST field formations, arriving at an all-time high of 10.54 crore in August 2024, according to Goods and Services Tax Network (GSTN) information. This is the sixth occasion since the e-way bill was introduced in 2018, and the fourth consecutive time this fiscal […]
