The Kerala GST Department has announced a streamlined adjudication process for show cause notices (SCNs) under the Kerala SGST Act, 2017. This update, detailed in Circular No. 21/2024-Kerala SGST dated…
Entrepreneur Criticizes GST Structure: Is It Fair?
India's Goods and Services Tax (GST) regime is under scrutiny following a viral LinkedIn post by an entrepreneur. The post questioned the fairness of GST rates, highlighting disparities between essential…
Assam GST Amendment Ordinance Approved: Key Highlights
The Assam Cabinet has approved the Assam Goods and Services Tax (Amendment) Ordinance, 2024, introducing significant changes to the state's GST framework. The amendments aim to enhance revenue collection, streamline…
Alyssum Developers Faces ₹1.19 Crore GST Liability Notice
Alyssum Developers Private Limited (ADPL) has been issued a notice under Section 73 of the GST Act by the Assistant Commissioner of the State Tax Department, Maharashtra, citing a tax…
Invoice Management System (IMS): Transforming GST Compliance
The Goods and Services Tax Network (GSTN) launched the Invoice Management System (IMS) to simplify invoice reconciliation and improve transparency in Input Tax Credit (ITC) claims. Effective from October 1st,…
GSTAT to Begin Operations by End of FY25: Revenue Secretary
Revenue Secretary Sanjay Malhotra confirmed that the Goods and Services Tax Appellate Tribunal (GSTAT) will begin operations by the end of FY25. This development aims to address GST-related disputes effectively,…
Penalty Proceedings Under Section 130 of CGST Act Cannot Be Initiated for Excess Stock: Allahabad HC
The Allahabad High Court has clarified that penalty proceedings under Section 130 of the Central Goods and Services Tax Act, 2017 (CGST Act), cannot be initiated solely based on excess…
GST Officials Review Taxation of Delivery Charges by Swiggy and Zomato
The fitment committee, comprising state and central GST officials, is evaluating whether delivery charges from platforms like Swiggy and Zomato should remain taxed as part of food supplies. Key PointsInvestigation…
🏥 GST Exemption on Health & Life Insurance Needs Input Tax Credit for Policyholders’ Benefit
The Group of Ministers (GoM) has proposed exempting health and term life insurance from GST, currently taxed at 18%. This recommendation, if approved, could significantly impact policyholders and the insurance…
🟥💥 Important Update Due Date for Filing GSTR-3B Extended to November 21, 2024
✅ Due Date for Filing GSTR-3B Extended to November 21, 2024 The government has announced an extension for the filing of GSTR-3B returns for taxpayers in Maharashtra and Jharkhand due…