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IGST COMPLIANCE ISSUES
Mahindra Holidays receives ₹363 crore GST demand notice over club membership tax reportingMahindra Holidays & Resorts India Ltd. has been served a tax demand notice of over Rs 363 crore, inclusive of penalty, concerning the repor...
Infosys gets relief as DGGI closes Rs 32,403 crore GST noticeInfosys has received closure from the DGGI on a GST demand notice of over Rs 30,000 crore, related to reverse-charge payments for services ...
New GST rule from April 1, 2025: ISD mandatory for input tax credit; not following will lead to ITC denial, minimum penalty of Rs 10,000GST: The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common input tax cre...
GST collection rises 8.5 pc to Rs 1.82 lk cr in NovemberGST collection increased to Rs 1.82 lakh crore in November, an 8.5 per cent rise from the previous year. Central GST was Rs 34,141 crore, S...
Infosys under investigation for GST evasion of over Rs 32,000 croreIT services major Infosys is under the GST authorities' scanner for an alleged evasion of taxes worth Rs 32,000 cr, as per internal documen...
Patanjali Group companies face GST heat, receives show-cause noticesPatanjali Foods has received a show cause notice from the Directorate General of GST Intelligence, Chandigarh, for allegedly claiming Rs. 2...
Wherehouse? Spice, dry fruit importers facing GST heatThe Goods and Services Tax (GST) authorities have issued notices to around 50 importers of spices, dry fruits, processed food, and poultry ...
Google, Facebook, Edtech companies may have to pay up to 18% IGSTAs per a notification issued by the Central Board of Indirect Taxes and Customs these services will no longer be exempted from integrated g...
CBIC restricts IGST refund for export of pan masala, tobacco, mentha oil from Oct 1The Central Board of Indirect Taxes & Custom (CBIC) has imposed restriction on automated refund of Integrated Goods & Services Tax (IGST) f...
Handset makers can save costs due to GST-customs portal integrationThe data uploaded for bills of entry filed up to August 6, 2020 by SEZ (special economic zone) units “has been done on a trial basis to giv...
Validity of e-way bills extended till November 30: Central Board of Indirect taxes and CustomsThe Central Board of Indirect taxes and Customs (CBIC) extended the validity of e-way bills till November 30, while extending the due date ...
GST collection crosses Rs 1.1 lakh crore in JanuaryThis is in line with the target set by Revenue Secretary Ajay Bhushan Pandey after high-level meetings with senior officials of the tax dep...
CAG for review of integrated GST settlementsThe CAG report for 2018 said incidents of such claims going undetected by the system exposed the vulnerability of the system to fraudulent ...
CBIC to take up import duty hike demands“The domestic industry has said it needs protection. We are looking into all the proposals that have come in,” CBIC chairman S Ramesh said.
Not so smooth: Challenges you should brace for in the second year of GSTThe GST Council has committed itself to further simplification of GST returns, at the same time improving compliance and collections is of ...
Govt, GST Council open to reconsidering decisions: Revenue Secretary Hasmukh Adhia"Some discomfort was expected in GST transitions. However, government would want to identify pain points and address these initial hiccups ...
A month on, exporters flood GST cell with refund queriesAccording to industry estimates, over Rs 1.85 lakh crore belonging to exporters will get stuck with the government due to GST every year.
GST: Small traders trip over lack of IT infrastructure, new invoicingThere is a lot of confusion about the invoicing and compliance which will take time. Few are yet to understand meanings of CGST and IGST.
Arun Jaitley looks to break deadlock at GST meeting tomorrowThe GST Council will meet for the ninth time tomorrow with the issue of who gets to administer the Goods and Services Tax (GST) being the s...
State FMs to meet industry chambers to discuss model GST lawThe GST Constitutional Amendment Bill was passed by Parliament earlier this month and so far three states, Assam, Bihar and Jharkhand, have...