The recent decision of India’s Supreme Court to uphold the Patna High Court’s ruling, which rejected a writ petition filed by a taxpayer against a GST assessment order, carries significant implications. The impact of this ruling extends widely to entities such as Small and Medium Enterprises (SMEs), Micro, Small & Medium Enterprises (MSMEs), as well … Continue reading Expert Advises Small Taxpayers to Stay Vigilant While Reviewing GST Demand Notices
Category: news
Transition and Transformation Towards GST 2.0 — Consultancy Invited to bid
Infosys’ technology support contract for Goods and Services Tax (GST) is set to conclude in September 2024. In response, GST Network (GSTN) has initiated a search for a consultancy firm. This firm’s primary task will be to create a bid document for the selection of a new technology service provider and to outline a strategic … Continue reading Transition and Transformation Towards GST 2.0 — Consultancy Invited to bid
Senior Tax Official Nabbed by CBI for Allegedly Taking a Bribe of Rs 5 Lakh
The Central Bureau of Investigation (CBI) has taken decisive action by apprehending a senior official from the Goods and Services Tax (GST) department in Mumbai. This official, identified as Hemant Kumar, holding the position of Superintendent at the Bhiwandi Commissionerate, was arrested on charges of soliciting and receiving a bribe of Rs 5 lakh. The … Continue reading Senior Tax Official Nabbed by CBI for Allegedly Taking a Bribe of Rs 5 Lakh
Maharashtra State Records Highest GST Collection in India at 18% Over 4-Month Period
Maharashtra’s GST revenue surge paints a striking picture, with an unwavering 18% growth from April through July in the current fiscal year. In contrast, the national expansion hovers modestly between 11% and 12%. This remarkable achievement in revenue stands as a testament to Maharashtra’s fiscal resilience. Notably, the state’s financial prowess was manifest in its … Continue reading Maharashtra State Records Highest GST Collection in India at 18% Over 4-Month Period
Lok Sabha Approves Amendments for 28% GST on Online Gaming
The Lok Sabha has given its approval to changes made in two Goods and Services Tax (GST) bills. These changes focus on imposing a 28% tax on activities like online gaming, casinos, and horse race clubs. These amendments were introduced by Finance Minister Nirmala Sitharaman during the monsoon session of Parliament. The purpose of these … Continue reading Lok Sabha Approves Amendments for 28% GST on Online Gaming
Calcutta HC Declares Landmark GST Ruling, Denying Automatic ITC Denial for Supplier Tax Non-Payment
Landmark Decision by Calcutta High Court: Buyers’ GST Credits Safe Even Amidst Supplier Tax Defaults In a significant legal ruling, the Calcutta High Court has taken a firm stance regarding GST input tax credit (ITC) under the Goods and Services Tax (GST) system. The court has decreed that the mere mismatch between GSTR-2A and GSTR-3B … Continue reading Calcutta HC Declares Landmark GST Ruling, Denying Automatic ITC Denial for Supplier Tax Non-Payment
Truck Driver Dies of Shock after Being Detained by GST Officials on His Way to See Deceased Son
A distressing incident unfolded as a 49-year-old truck driver, en route to Punjab after learning about his son’s tragic passing, was apprehended by State Goods and Service Tax (SGST) authorities on GT Road. The unfortunate turn of events culminated in the driver’s demise within his vehicle that same night, reportedly due to the overwhelming shock … Continue reading Truck Driver Dies of Shock after Being Detained by GST Officials on His Way to See Deceased Son
Ashneer Grover Slams 28% GST on Online Gaming
Ashneer Grover, a prominent figure in the Indian tech landscape and co-founder of BharatPe, has fiercely criticized the recent decision of the GST Council to impose a heavy 28% Goods and Services Tax (GST) on online gaming. This decision holds significant consequences for various gaming companies, such as Dream11, MPL, Gameskraft, and Games 24×7. In … Continue reading Ashneer Grover Slams 28% GST on Online Gaming
Internet’s Response to Bengaluru Resident’s Taxation Frustration Explored in Detail – Analyzing the Load on Salaried Individuals
A post from a Bengaluru resident has caught the attention of the internet. Sanchit, employed as a category manager at Flipkart, took to Twitter to express his frustration. He stated that he’s required to give 30% of his income as tax to the government, leaving him with only a small portion for his own needs. … Continue reading Internet’s Response to Bengaluru Resident’s Taxation Frustration Explored in Detail – Analyzing the Load on Salaried Individuals
Affordable Popcorn and Cola at Cinemas as GST Council Reduces Tax Rates by 13%
Cinema-goers are in for a pleasant surprise as the Goods and Services Tax (GST) Council has taken a significant step to make the cinema experience more affordable. By reducing the service tax on food and beverages enjoyed within cinema halls from 18% to a mere 5%, the Council, under the leadership of the Union finance … Continue reading Affordable Popcorn and Cola at Cinemas as GST Council Reduces Tax Rates by 13%