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,…
GST on Food Delivery Charges: Authorities Question Swiggy and Zomato
Last Updated: November 21, 2024 The Directorate General of GST Intelligence (DGGI) has issued notices to Swiggy and Zomato, demanding a total of ₹750 crore in Goods and Services Tax…
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…
🟥 Foreign Income Disclosure Deadline: December 31, 2024
Ravi Agarwal, Chairman of the Central Board of Direct Taxes (CBDT), encourages taxpayers with foreign income or assets to rectify any omissions in their income tax returns before December 31,…