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
Category: GST News
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%
Noida Registers Case after UP Labourer Receives GST Notice for ‘Rs 1.36 Crore Turnover’
A stirring incident has come to light involving Devendra Kumar, a 22-year-old laborer hailing from Udaygarhi Bangar in Uttar Pradesh. This tale unfolds with a GST notice unexpectedly landing on his doorstep, asserting that his humble businesses had supposedly yielded a staggering turnover of Rs 1.36 crore during the fiscal year 2022-23. What adds to … Continue reading Noida Registers Case after UP Labourer Receives GST Notice for ‘Rs 1.36 Crore Turnover’
GST Fraud Probe Targets Prominent Food Delivery Service and Other Entities
The Central Board of Indirect Taxes and Customs (CBIC) has taken a proactive stance in its pursuit to eradicate deceptive accounts within the Goods and Services Tax Network (GSTN). The outcomes of this concerted endeavor have unveiled a startling truth – nearly a quarter, roughly 25%, of the identified entities, who have wrongly taken advantage … Continue reading GST Fraud Probe Targets Prominent Food Delivery Service and Other Entities