Raksha Parikh
The Uttarakhand GST department exposes a group that used gst fake invoice to legalise the sale of illegal wood and avoid tax worth crores. According to officials, a group of traders who would set up fictitious companies to provide a legal cover for their unlawful trade in timber and related products and escape GST amounting … Read more
GSTN update ; GST portal has enabled the option to transfer the amount in Electronic Cash Ledger of one GSTIN to another GSTIN (entity having same PAN) by filling of Form PMT-09.
GST Collection February 2023 has exceeded 1.4 lakh crore for twelve consecutive months GST Collection February 2023 as compared to same month of last year Here the GST revenue Collection 2023 is compared with the same month of last year. That means, it is compared with GST Collection February 2022. GST Revenue Collection Amount₹ Gross … Read more
GST Portal Update in relation to option by Goods Transport Agency. On the GST portal GSTN Update is available. GSTN has enabled the option to file a declaration in Annexure-V to opt for payment under Forward Charge Mechanism (FCM) by Goods Transport Agency (GTA) on GST Portal. Last date for exercising the option of forward … Read more
The GST Department has summons to insurance intermediaries and aggregators due to fake invoices. The authorities in charge of the Goods and Services Tax (GST) have expanded their investigation into the bogus invoicing case involving insurance intermediaries and aggregators. In the last two weeks, they have issued summonses to several of them in order to … Read more
it is so crucial to impose 5% GST on natural gas to reduce fertilizer subsidies. Bringing natural gas under GST could put an end to the current differential taxation regime, as well as differing urea costs and subsidy payments across states. It will eliminate the tax-on-tax cascading effect. Finance Minister Nirmala Sitharaman has stated that … Read more
The goal of this article is to cover all recent GST case laws 2023. All latest high court judgement on gst and all latest supreme court judgments on gst issued in January 2023 have been covered in this article. All latest GST case laws of January 2023 in this article have been classified by name, … Read more
At the moment, GST on online gaming 18%. Since the Goods and Services Tax Council hasn’t set a date for its next meeting yet, the online gaming industry will have to wait longer to find out how the indirect tax will be applied to it. Officials from the Ministry of Finance have said that for … Read more
Merchandise exporters will have to pay an 18% GST on Shipping cost (means 18% gst on goods transportation services), which the industry says will cause cash flow problems at a time when exports are declining. This is in response to a GST Council recommendation that the location of the service recipient should be used to … Read more
As soon as the Center approves the final payment of GST compensation to the states, the new tax system will have abandoned its early support. The adjustment may be challenging for some states. Nonetheless, monthly GST receipts across the country have stabilised at around Rs 1.5 lakh crore, with room for growth through rate rationalisation … Read more