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Posted Date : 25-Jul-2023 , 07:53:01 am | Posted By CASANSAAR
Dear Taxpayers, 1.GSTN is pleased to inform you that the e-Invoice Exemption Declaration functionality is now live on the e-Invoice portal. This functionality is specifically designed for taxpayers who are by default enabled for e-invoicing but are exempted from implementing it under th...
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Posted Date : 12-Jul-2023 , 07:03:37 am | Posted By CASANSAAR
In the 50th Meeting of the GST Council, inter-alia the following recommendations relating to changes in GST tax rates, measures for facilitation of trade and measures for streamlining compliances in GST were made: Changes in GST Tax Rates: Recommendations relating to GST rate...
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Posted Date : 11-Jul-2023 , 09:21:32 pm | Posted By CASANSAAR
The GST Council on Tuesday agreed to levy a 28 per cent tax on online gaming, casinos and horse racing and the tax would be levied on full face value. West Bengal finance minister Chandrima Bhattacharya said the Council has also approved the exemption of GST on import of cancer drug Dinutuximab...
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Posted Date : 08-Jul-2023 , 05:50:14 pm | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) has found that nearly 25 percent of suspected Goods and Services Tax accounts do not exist or have vanished after availing benefits of around Rs 15,000 crore. Rs. The evasion and fake accounts have been unearthed as part of an ongoing two-mon...
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Posted Date : 08-Jul-2023 , 05:48:37 pm | Posted By CASANSAAR
Following detection of about 12,500 fake entities, Goods and Services Tax (GST) authorities are looking to tighten registration norms with biometric authentication and geo-tagging of risky entities. Central Board of Indirect Taxes and Customs (CBIC) Chairman Vivek Johri on Saturday said the return f...
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Posted Date : 08-Jul-2023 , 09:26:57 am | Posted By CASANSAAR
GSTN is pleased to inform that the functionality for geocoding the principal place of business address is now live for all States and Union territories. This feature, which converts an address or description of a location into geographic coordinates, has been introduced to ensure the accuracy of add...
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Posted Date : 14-Jun-2023 , 08:20:30 am | Posted By CASANSAAR
A nationwide crackdown by the Goods and Services Tax authorities uncovered tax evasion to the tune of Rs.30,000 crore, allegedly carried out via stolen identities including as many as 18,000 Permanent Account Number (PAN) and Aadhaar cards, people familiar with the development said. The identitie...
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Posted Date : 10-Jun-2023 , 09:44:40 am | Posted By CASANSAAR
A multi-agency probe launched by the Centre to investigate Noida police's claim of having busted a racket of GST fraud to the tune of Rs 10,000 crore has revealed at least 3,000 shell companies were created on fake Aadhaar and PAN details. On Thursday, the Directorate General of GST Intellige...
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Posted Date : 10-Jun-2023 , 09:34:10 am | Posted By CASANSAAR
1. The E-Invoice Verifier App developed by GSTN, has been introduced which offers a convenient solution for verifying e-Invoices and other related details. GSTN understands the importance of efficient and accurate e-invoice verification, and this app aims to simplify the process for your...
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Posted Date : 31-May-2023 , 07:19:40 am | Posted By CASANSAAR
Advisory on Filing of Declaration In Annexure V by Goods Transport Agency (GTA) opting to pay tax under forward charge mechanism The GTAs, who commence business or cross registration threshold on or after 1st April, 2023, and wish to opt for payment of tax under forward charge mechan...
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Posted Date : 29-May-2023 , 10:18:16 am | Posted By CASANSAAR
Detailing the standard operating procedure (SoP) for scrutiny of tax returns from the financial year 2019-20 onwards under the Goods and Services Tax (GST) regime, the Central Board of Indirect Taxes and Customs (CBIC) has stated that the analytics unit will identify returns for scrutiny depending o...
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Posted Date : 25-May-2023 , 07:38:29 am | Posted By CASANSAAR
Central and state goods and services tax officials have detected about 10,000 fake GST registrations in the first week of a joint drive. The officials are conducting door-to-door physical verification of addresses before initiating any action, people aware of details said. The campaign against fraud...
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Posted Date : 16-May-2023 , 07:56:52 am | Posted By CASANSAAR
A Special All-India Drive may be launched by all tax administrations to detect fake GSTINs and to conduct verification to weed out these fake billers from the GST ecosystem and to safeguard govt revenue. During this campaign, suspicious GST accounts will be identified, and counterfeit invoices wi...
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Posted Date : 16-May-2023 , 07:47:38 am | Posted By CASANSAAR
Goods and Services Tax authorities are seeking near real-time access to banking transactions of the taxpayers, as a means to detect fake invoices and excess use of input tax credit (ITC) by sections of businesses. The move follows recent investigations that revealed that undue tax credits accumul...
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Posted Date : 10-May-2023 , 09:15:28 pm | Posted By CASANSAAR
Businesses will have to more careful while filing gst returns as the automated scrutiny system for the goods and services tax (GST) is about to use advanced artificial intelligence and data analytics to monitor mismatches. Expected to be rolled out over the next few days, the new system is expect...
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Posted Date : 08-May-2023 , 07:43:51 am | Posted By CASANSAAR
GSTN has deferred by 3 months the implementation of time limit for businesses with turnover of over Rs 100 crore to upload their old e-invoices. Last month the GST Network had imposed a timeline for businesses with turnover of Rs 100 crore and above for uploading e-invoices on the Invoice Registr...
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Posted Date : 06-May-2023 , 07:29:19 am | Posted By CASANSAAR
The government will launch a two-month special drive starting May 16 against unscrupulous elements – individuals, professionals and firms – usurping input tax credit under the Goods and Services Tax (GST) regime through fake identity and forged documents without actually supplying produc...
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Posted Date : 02-May-2023 , 06:19:53 am | Posted By CASANSAAR
The gross GST revenue collected in the month of April, 2023 is ? 1,87,035 crore of which CGST is ?38,440 crore, SGST is ?47,412 crore, IGST is ?89,158 crore (including ?34,972 crore collected on import of goods) and cess is ?12,025 crore (including ?901 crore ...
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Posted Date : 15-Apr-2023 , 08:07:39 am | Posted By CASANSAAR
The Directorate General of GST Intelligence (DGGI) has sent show-cause notices to some insurance companies, such as HDFC Bank, Go Digit Insurance, and Policybazaar, for issuing fake invoices to claim input tax credit without providing any service. According to a report in The Economic Times, the sho...
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Posted Date : 02-Apr-2023 , 09:43:06 am | Posted By CASANSAAR
The gross GST revenue collected in the month of March 2023 is Rs.1,60,122 crore of which CGST is Rs. 29,546 crore, SGST is Rs.37,314 crore, IGST is Rs. 82,907 crore (including Rs.42,503 crore collected on import of goods) and cess is Rs.10,355 crore (including Rs.960 crore collected o...
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Posted Date : 01-Mar-2023 , 08:16:16 pm | Posted By CASANSAAR
Over 1.49 lakh crore rupees gross Goods and Service, Tax revenue was collected in February. GST revenue collection has registered 12 per cent growth in February in comparison to the same period of the previous financial year. In February 2022, over one lakh 33 thousand crore rupees were collected as...
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Posted Date : 18-Feb-2023 , 09:39:58 pm | Posted By CASANSAAR
The 49th GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi today. The meeting was also attended by Union Minister of State for Finance Shri Pankaj Chaudhary besides Finance Ministers of States & UTs (with legislat...
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Posted Date : 23-Jul-2022 , 02:35:59 pm | Posted By CASANSAAR
In a judgement that could benefit many companies, the Supreme Court ruled on Friday that businesses that were unable to claim tax credits when the indirect tax system switched to the Goods and Services Tax (GST) would be able to do so. A tax credit is a component of a company's tax ...
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Posted Date : 20-Jul-2022 , 08:26:56 am | Posted By CASANSAAR
Both the houses of Parliament have been adjourned for the day following uproar by the Opposition parties over price rise and GST hike. In the Lok Sabha, when the House re-assembled at 2 P. M. after first adjournment, members of Opposition parties including Congress, DMK, and Left trooped to...
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Posted Date : 15-Jul-2022 , 07:58:56 am | Posted By CASANSAAR
A simplified regulatory framework for e-commerce exports of jewellery through courier mode has been issued on 30.06.2022 by the Central Board of Indirect Taxes and Customs (CBIC) in the form of a Standard Operating Procedure (SOP). The SOP details the handling, movement and procedural aspect...
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Posted Date : 08-Jul-2022 , 07:46:46 am | Posted By CASANSAAR
A wide range of benefits such as free beverages, canteen facilities, free parking space, journal subscriptions or even group medical insurance provided by business entities to its employees in terms of a contractual agreement between the two, will not be subject to Goods and Services Tax (GST). ...
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Posted Date : 05-Jul-2022 , 09:51:16 pm | Posted By CASANSAAR
The government is planning to make GST e-invoicing mandatory for companies with a turnover of Rs 5 crore and above, thus bringing the threshold down from the current Rs 20 crore, according to a government official....
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Posted Date : 30-Jun-2022 , 09:12:25 am | Posted By CASANSAAR
The 47th GST Council met under the Chairmanship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here in Chandigarh today. The meeting was also attended by Union Minister of State for Finance Shri Pankaj Choudhary besides Finance Ministers of States & UTs and senior ...
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Posted Date : 25-Jun-2022 , 09:56:20 am | Posted By CASANSAAR
The GST Council in its meeting next week is likely to consider a proposal for making changes in the monthly tax payment form -- GSTR-3B, which would include auto-population of outward supplies from sales return and non-editable tax payment table, officials said. The move would...
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Posted Date : 17-Jun-2022 , 08:46:13 am | Posted By CASANSAAR
The 47th Meeting of the GST Council will be held on 28th and 29th of this month in Srinagar. GST Council’s last meeting which was held in New Delhi had recommended to defer the decision to change the rates on textiles. The GST Council had decided to retain the status quo on G...
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Get Gst news for gst tax,hst return,gst refund etc on casansaar in india even offers goods and services tax ,credit,number,cheques,rebate news details.
