Bengaluru street vendors seek GST relaxation after receiving notices for UPI transactions crossing 40 lakh turnoverSmall vendors in Karnataka are facing distress due to GST notices for UPI transactions exceeding ₹40 lakh annually. The Karnataka Pradesh S...
23 Jul, 2025, 12.29 PM IST
How Rs 10 – 20 payments sparked a Rs 29 lakh GST storm: Cash vs UPI, BJP vs Cong and taxpayers vs non-payers in KarnatakaGST notice to vegetable vendor: A Karnataka vegetable vendor's ₹29 lakh GST notice over UPI transactions has sparked widespread protests am...
23 Jul, 2025, 11.59 AM IST
Switching from UPI to cash won't help in avoiding tax notice if turnover crosses GST registration threshold; Here’s what Karnataka State GST department saidKarnataka tax department clarifies GST rules for vendors: The GST department is scrutinizing UPI transactions to identify unregistered trad...
21 Jul, 2025, 12.37 PM IST
'No UPI, only cash in Bengaluru': Why small vendors in Indian IT capital are saying no to online transactionsBengaluru witnesses a shift back to cash transactions as small vendors remove QR codes due to GST concerns and tax notices. Facing scrutiny...
16 Jul, 2025, 09.35 AM IST
A claim they can't refuse! Insurance industry braces for ₹5,500 crore GST hitInsurers, including HDFC Life, are preparing for a significant legal battle with GST authorities over allegations of wrongful input tax cre...
25 Feb, 2025, 11.33 PM IST
CBIC introduces facility of restoration of cancelled GST registrationThe move will provide relief to many taxpayers whose registrations were cancelled suo moto and the time period of application for revocatio...
25 Mar, 2022, 08.33 AM IST
Come September 1, non-filers of 2 monthly GST returns to be barred from filing GSTR-1In an advisory to taxpayers, GSTN, which manages the technology backbone for Goods and Services Tax, said that Rule-59(6) of Central GST Ru...
27 Aug, 2021, 04.01 PM IST
Input tax credit blocked for even minor lapsesThe tax department is claiming that there could be circular trading or other frauds in many of these cases as tax credits are not tallying,...
04 Jun, 2021, 07.27 AM IST
Goods purchased, sold overseas liable to GST in India: AARExperts said the ruling on supplies goods bought from abroad and sold to a customer in another country without entering the Indian territor...
18 Jun, 2020, 06.58 PM IST
Many companies in a fix as working capital may be stuck due to a GST regulationRegulation disallows firms to take input tax credit if vendor invoices are not uploaded on the GST network. According to GST law, invoices ...
18 Oct, 2019, 09.06 PM IST
B2B companies seek certification from vendors on GST gainsCurrently, the government is scrutinising whether service sectors such as telecom, banks & insurance firms too are following anti-profiteer...
06 Feb, 2018, 08.09 AM IST
PSUs want vendors to meet anti-profiteering guidelinesA number of PSUs cutting across sectors and including the toptier ones like BHEL, Indraprastha Gas Ltd and SAIL have introduced such a clau...
29 Nov, 2017, 11.02 PM IST
Ecommerce companies need not collect tax at source till AprilIn June, the finance ministry had already deferred the TCS once when the government announced switching to the new GST regime.
07 Oct, 2017, 01.01 AM IST
Companies want their vendors to cut price by 10% due to GST benefitsThe companies have already calculated the exact jump in the vendors' margins and want that they pass it on to them.
09 Mar, 2017, 12.28 AM IST
Information Technology may remain one of the biggest challenges for GST implementationIn many cases some of the ERP software that were provided by the IT majors has to be redesigned as the GST rules keep updating.
04 Mar, 2017, 07.03 PM IST
Telecom tower firms to approach FM Arun Jaitley for adding diesel as an 'input' under model GST lawThey will also seek tweaks in the GST levy valuation mechanism and an overhaul of rules linked to availing of input tax credits.
08 Aug, 2016, 12.45 AM IST
Ecommerce companies want government to keep aggregators out of GSTIndia’s rapidly expanding ecommerce companies are lobbying the government to keep aggregators that run marketplaces out of the proposed GST...
08 Dec, 2015, 06.21 AM IST