By: Admin | Date: December 31, 2024 | Category: GST Recent News | Read Time: 4 Minutes The Insurance Regulatory and Development Authority of India (IRDAI) has initiated discussions with…
GST Body Imposes ₹2 Crore Fine on Airtel; Telecom Giant Plans to Contest Order
By: AdminDate: December 30, 2024Categories: GST Recent NewsReading Time: 4 Minutes The Indian telecom sector is witnessing a standoff between Bharti Airtel, the country’s second-largest telecom operator, and the GST…
Real Estate Developers Urge Government to Reconsider 18% GST on FSI
Date: December 20, 2024Category: GST Recent NewsRead Time: 4 Minutes Real estate developers, represented by CREDAI (Confederation of Real Estate Developers' Associations of India), have voiced concerns about the proposed…
AP Chambers Opposes New GST Slab Proposal
Date: December 20, 2024Category: GST Recent NewsRead Time: 4 Minutes The Andhra Pradesh Chambers of Commerce and Industry Federation (AP Chambers) has urged the GST Council to reconsider the introduction…
CBIC’s Second Nationwide Drive Exposes ₹26,543 Crore GST Evasion
Date: December 19, 2024Category: GST Recent NewsRead Time: 4 Minutes The Central Board of Indirect Taxes and Customs (CBIC) has unearthed a massive GST evasion of ₹26,543 crore during its…
FCI Permits Custom-Milled Rice Delivery, but GST and Storage Issues Persist
The Food Corporation of India (FCI) has provided some relief to rice millers by permitting the delivery of custom-milled rice (CMR). However, unresolved challenges related to GST on fortified rice…
CAG Report Highlights ₹755.49 Crore Revenue Loss Under GST by Commercial Tax Department
Key Findings 1. Underassessment and Revenue Loss The CAG Report No. 7 of 2024, covering the period ending March 2022, identified revenue losses amounting to ₹755.49 crore in the Commercial…
Pre-Deposit Waiver: Rare and Exceptional Cases
The Hon’ble Bombay High Court, in its judgment in the case of Lalit Kulthia & Anr. v. Commissioner of Customs (Appeals) Mumbai III & Ors. [Writ Petitioner No. 476 of…
Biometric-Based Aadhaar Authentication for GST Registration Now Available in 22 States/UTs
Haryana, Manipur, Meghalaya, and Tripura Added to the List The GST Network (GSTN) has expanded the biometric Aadhaar authentication and document verification facility for new GST registrations to Haryana, Manipur,…
States Divided Over GST Rate Rationalisation Amid Economic Concerns
The proposed Goods and Services Tax (GST) rate rationalisation by the Group of Ministers (GoM) has sparked mixed reactions from states, highlighting concerns over economic timing and potential impacts. Key…