GST revenue reached Rs 1.59 lakh crore in August, marking an 11% increase compared to the same period last year. This growth can be attributed to enhanced compliance and a decrease in tax evasion, as stated by Revenue Secretary Sanjay Malhotra. In August 2022, the GST collection amounted to Rs 1,43,612 crore. Breaking down the … Continue reading Year-on-Year Growth — GST Collection Reaches Rs 1.59 Lakh Crore, Up by 11%
Two Arrested as Commercial Tax Department Uncovers GST Bill Scam
The Commercial Taxes Department, Government of Karnataka, has taken a decisive stand against a network of counterfeit GST bill operators in the southern zone of Bengaluru. This illicit syndicate facilitated companies within the service sector, particularly those dealing with manpower and labor supplies, to illicitly claim fake Input Tax Credit (ITC) and artificially boost their … Continue reading Two Arrested as Commercial Tax Department Uncovers GST Bill Scam
Official Confirmation — Indian Parliament Passes Legislative Amendments for 28% GST Tax
In August 2023, the Indian Parliament greenlit a fresh law mandating a 28% Goods and Services Tax (GST) on the total value of player deposits across online casinos, racecourses, and similar gaming platforms. This novel regulation is slated to become effective from October 1st, 2023. A mere month following the legislation’s approval, India’s Finance Minister, … Continue reading Official Confirmation — Indian Parliament Passes Legislative Amendments for 28% GST Tax
Simplified Approach to Biometric Aadhaar Authentication for GST Registration
The GSTN released an Advisory on August 28, 2023, concerning applicants who have chosen Biometric-based Aadhaar Authentication for their GST Registration application. A change has been introduced to Rule 8 of CGST Rules. This change specifies that applicants who have indicated their preference for Aadhaar number authentication and have been identified through data analysis and … Continue reading Simplified Approach to Biometric Aadhaar Authentication for GST Registration
Notice Issued by Supreme Court on Pleas Challenging Arrest and Summoning Powers of GST Officials
On August 25, the Supreme Court took a significant step by issuing notice in two closely related writ petitions that were presented under Article 32 of the Indian Constitution. These petitions challenge the legality of certain aspects within the Central Goods and Services Tax Act of 2017 (CGST Act), most notably Section 69 (the power … Continue reading Notice Issued by Supreme Court on Pleas Challenging Arrest and Summoning Powers of GST Officials
Petroleum Dealers Rally for Uniform Tax Structure Under GST
Petroleum dealers are assertively advocating for a shift to a unified tax system like the Goods and Service Tax (GST) across India. This call gains momentum in the wake of a recent peaceful protest held in Delhi by a faction of dealers from specific Northern states. The essence of their demand is to establish a … Continue reading Petroleum Dealers Rally for Uniform Tax Structure Under GST
Mera Bill Mera Adhikar App — Customers Get Incentives, Reporting Supply without Invoice
Get ready to seize a remarkable opportunity! Commencing on September 1, the government / GST Council is gearing up to unveil the ‘Mera Bill Mera Adhikar’ incentive scheme, designed to encourage patrons to demand invoices for their purchases. Through this initiative, consumers are presented with an enticing chance to pocket cash rewards varying from Rs … Continue reading Mera Bill Mera Adhikar App — Customers Get Incentives, Reporting Supply without Invoice
Power of GST Officers
GST Officers’ Authorities Understanding the authority of GST officers is crucial for every GST taxpayer. This awareness empowers them to approach the appropriate officer effectively, ensuring they make the right contact at the right time. Moreover, this knowledge safeguards their valuable time from being wasted due to approaching an incorrect GST officer, which could potentially … Continue reading Power of GST Officers
Expert Advises Small Taxpayers to Stay Vigilant While Reviewing GST Demand Notices
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
GST For Freelancers In India
Are you engaged in freelancing? Are you wondering about the necessity of GST registration for freelancers? Worry not, for we are here to provide assistance. In this article, we will delve into the key aspects of GST registration, its benefits, and the payment conditions relevant to freelancers. Who is required to undergo GST registration in … Continue reading GST For Freelancers In India