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GST Council Newsletter for the month of January 2024
The Finance Bill 2024 proposes substitution of Section 20 of the IGST Act to make registration as an Input Service Distributor (ISD) mandatory for the procurement of common input services and the dist...
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Beware of Fake GST Summons: How to Verify – Ministry of Finance Advisory
In an important announcement made by the Ministry of Finance on 10th February 2024, taxpayers have been cautioned against an alarming trend of receiving fake and fraudulent summons for GST violations....
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GST Input Tax Credit: Issues, Settlements and Government Measures
The availability of GST input tax credit (ITC) has been a subject of concern for traders in India. Questions have arisen regarding limitations, settlements, and government measures to address related...
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Elimination of Inequality in Income & Living of Citizens by GST Implementation
The Goods and Services Tax (GST) implementation in India aimed to simplify the indirect tax system, create a unified market, and eliminate cascading tax effects. However, questions arise regarding its...
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Aadhaar-Based Authentication For GST Registration
The Lok Sabha recently raised queries regarding the implementation of Aadhaar-based authentication for GST registration in Andhra Pradesh. In response, the Ministry of Finance provided insights into t...
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Government Uncovers 4,153 Bogus Firms in GST Evasion Scandal
The Ministry of Finance’s recent disclosure regarding the involvement of bogus firms in the evasion of input tax credit (ITC) under the Goods and Services Tax (GST) system has raised significant conce...
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Government’s Crackdown: Rs. 44,000 Crore Fake GST Claims Uncovered
The Ministry of Finance’s recent revelation regarding fake input tax credit claims in the Goods and Services Tax (GST) system has sparked significant attention. This article delves into the details of...
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DGGI Unearths 1,700 Fraudulent ITC Cases Worth Rs. 18,000 Crore
In the ongoing Financial Year 2023-24 (up to December 2023), the Directorate General of GST Intelligence (DGGI) has made significant strides in detecting fraudulent Input Tax Credit (ITC) cases, unear...
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January 2024 GST Collections: ₹1,72,129 Crore, 10.4% YoY Growth
The Ministry of Finance has released the latest figures for GST collections in January 2024, revealing a noteworthy growth and marking a significant milestone in the fiscal year 2023-24. As of 5:00 PM...
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CBI Arrests Odisha GST Superintendent for Rs. 20,000 Bribery Scam
Introduction: In a significant development, the Central Bureau of Investigation (CBI) has apprehended a Superintendent of GST in Rourkela, Odisha, on charges of bribery. The case revolves around the o...
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Indian Government’s Historic Move: Direct Listing on GIFT IFSC
Introduction: On January 24, 2024, the Ministry of Finance introduced a historic initiative allowing public Indian companies to directly list securities on International Exchanges of GIFT IFSC. This m...
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GST Scrutiny & Assessment: Live Course with complete Practical Filing
Ready to navigate the intricate world of GST scrutiny and assessment with confidence? Enroll in our exclusive live course designed for professionals, tax practitioners, and business owners seeking exp...
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GSTN Advisory on payment through Credit/Debit cards and UPI
In a move to enhance the convenience for taxpayers registered under the Goods and Services Tax (GST), the GSTN (Goods and Services Tax Network) has introduced two new methods of payment under e-paymen...
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GSTN Advisory on introduction of new Tables 14 & 15 in GSTR-1
As per Notification No. 26/2022 – Central Tax dated 26th December 2022 two new tables Table 14 and Table 15 were added in GSTR-1 to capture the details of the supplies made through e-commerce operator...
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GST Council Newsletter for the month of December 2023
Welcome to the latest edition of the GST Council Newsletter, providing a comprehensive overview of key developments in the Goods and Services Tax (GST) landscape for December 2023. This issue highligh...
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In 2023, DGGI detected 6,323 cases involving evasion of duty of Rs. 1,98,324 crore
Introduction: The Directorate General of GST Intelligence (DGGI) played a pivotal role in combating GST evasion in the year 2023. This article delves into the agency’s remarkable performance, highligh...
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E-Way Bill Changes: Mandatory e-Invoice Link from March 2024 – Advisory Withdrawn
Further Update on 10th January 2024: Advisory on Blocking the generation of E-Way Bill without e-Invoice/IRN has been withdrawn. 5th January 2024: Blocking the generation of E-Way Bill without e-Invoi...
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GST Scrutiny & Assessment: Live Course with complete Practical Filing
Ready to navigate the intricate world of GST scrutiny and assessment with confidence? Enroll in our exclusive live course designed for professionals, tax practitioners, and business owners seeking exp...
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GST Crackdown: 29,273 Bogus Firms Exposed, Evading Rs. 44,015 Cr; 121 Arrests Made
Introduction: In an intensified effort against tax evasion, the Goods and Services Tax (GST) formations, led by the Central Board of Indirect Taxes and Customs (CBIC) and State/UT Governments, have un...
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Discussion about Table 14 & Table 15 in GSTR-1: E-Commerce Reporting Simplified
Introduction: The introduction of GSTR-1 Tables 14 and 15 in January 2024 marks a transformative juncture in the Goods and Services Tax (GST) landscape. These tables, focusing on reporting e-commerce...