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GST NOTICE ON UPI
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- Karnataka witnesses 5-fold jump in GST tax evasion at Rs 39,577 cr in FY25Central GST officers in Karnataka uncovered a significant surge in tax evasion, detecting Rs 39,577 crore in the 2024-25 fiscal year. This ...
- UPI at a crossroads? Deep unease in the informal sector as tax axe fallsIndia's UPI system, despite its global success, faces backlash as small vendors receive GST notices based on digital transaction data. This...
- No GST on UPI transactions: Govt clarifies in Rajya SabhaThe Finance Ministry has clarified that there are no plans to impose GST on UPI transactions exceeding Rs 2000. Pankaj Chaudhary, Finance M...
- GST notice: CM resolves crisis; offers to forego tax arrears if merchants get GST registrationSatisfied with the assurance, various associations of small traders called off a statewide bandh planned for July 25. The CM told the offic...
- GST notices based on UPI transaction: Traders on warpath, official calls action properTraders in Karnataka are upset about GST notices linked to UPI transactions. They are planning a strike on July 25. Tax official Meera Sure...
- 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...
- 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...
- GST demand over UPI credits: CM Siddaramaiah to meet stakeholders on WednesdayKarnataka CM Siddaramaiah will meet stakeholders over GST notices sent to small traders based on UPI data, demanding tax arrears. Widesprea...
- GST enforcement should be balanced with sensitivity: SBI Research amid K'taka UPI-GST rowSBI Research cautions that aggressive GST enforcement based on UPI transactions could push small businesses back into the informal economy,...
- Bengaluru street vendors threaten three-day protest against GST notices on UPI paymentsMilk and milk-based products will not be sold on July 23 and 24, even as small traders will conduct business wearing a black badge. Per dep...
- Karnataka: Small vegetable vendor receives GST notice of RS 29 lakhA vegetable seller in Karnataka received a hefty GST notice of Rs 29 lakh, despite dealing primarily in fresh, untaxed produce. This has fu...
- 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...
- Karnataka CM to engage commercial taxes dept as GST notices scare small biz away from UPIThe public outcry arising from the GST notices has resulted in scores of businessmen in Bengaluru and outside going back to cash transactio...
- UPI or no UPI, traders must pay GST, say authorities, promising to make GST registration smoothThe department issued a detailed statement responding to reports that sections of traders have stopped accepting payments through the UPI a...
- '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...
- Cash may return as king as small vendors shun UPIIn Bengaluru, many small vendors are ditching UPI payments and opting for cash after receiving GST notices. Fearing tax scrutiny and possib...
- Pani Puri vendor gets GST notice as PhonePe and UPI payments cross Rs 40 lakh in a yearPani Puri Vendor GST Notice: Indian Pani Puri vendors have received GST notices after their annual digital transactions surpassed Rs 40 lak...
- Payments companies BillDesk, CCAvenue handed GST bill for transactions below Rs 2,000More than 80% of the total digital payments in India are of less than Rs 2,000 in value. The payments aggregators have not been charging ta...
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