The 55th GST Council meeting will review the current GST structure on life and medical insurance. The Group of Ministers (GoM) on Health Insurance shared its recommendations on December 16,…
SCN Issuance Under Both Section 73 and 74 of the CGST Act: Punjab & Haryana HC Ruling
The Punjab & Haryana High Court recently clarified the relationship between proceedings under Section 73 and Section 74 of the CGST Act. In the case of Group M Media India…
ICAI Releases Technical Guide on GST Annual Return (Form GSTR-9) – December 2024 Edition
The Institute of Chartered Accountants of India (ICAI), on December 14, 2024, released the December 2024 Edition of the Technical Guide on GST Annual Return (Form GSTR-9). This updated guide…
Steady Rise in CSR Expenditure in Aspirational Districts: ₹1,402.89 Cr Spent in FY 2022-23
Section 135 of the Companies Act, 2013, along with Schedule VII and CSR Policy Rules (2014), governs Corporate Social Responsibility (CSR). CSR expenditure in Aspirational Districts has steadily grown over…
GST Raids Uncover ₹4 Crore Evasion by Gala Developers in Jabalpur
In a significant operation, the Central GST Department has exposed GST evasion exceeding ₹4 crore by Gala Developers, a leading land development firm based in Jabalpur. Details of the Raid…
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…
Updates on the 55th GST Council Meeting
Key Agenda Points 1️⃣ Closure of GoM on Revenue Analysis The GST Council will decide whether to close the Group of Ministers (GoM), which was set up in 2019 to…
High Court Can Condon Delay in Filing Appeals Beyond Statutory Limit
Case Details Case Name: Vasudeva Engineering v. Union of India Court: Punjab & Haryana High Court Citation: CWP Nos. 27468, 18475, 26077, 18591, and 5397 of 2023 (O&M) Date: October…
Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Issued
Overview of the New Biometric System The GST Network (GSTN) has introduced a streamlined verification mechanism for GST registration applicants in Chhattisgarh, Goa, and Mizoram. This process aims to enhance…
Punjab GST Department Exposes ₹163 Crore Bogus Billing Scam
Key Highlights 1. Fraudulent Transactions Exposed The Punjab GST Department uncovered a bogus billing scam amounting to ₹163 crore. Over the last two years, fraudulent transactions linked to M/s Monga…