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GST NOTICE TO VENDORS
MSMEs and GST@9: Journey so far and next phase of reformsFor India Inc., including MSMEs, the focus appears to have shifted from stabilisation to optimisation, as confidence grows on account of di...- 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...
- 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...
- 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...
- '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...
- 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...
- 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...
- #Concerts trending in I-T dept: Glare on event managers; 11 cos get notices for underreporting of incomeThe Income Tax Department is probing over a dozen event management companies for suspected tax evasion and underreporting of income from ov...
- Some insurers gave fake bills when quizzed on ITC: ProbeHDFC Life and ICICI Prudential Life Insurance previously told exchanges that they received GST demand notices of ₹942.18 crore and ₹492.06 ...
- ICICI Prudential gets notice for alleged GST liability of Rs 492 croreIn a notice to stock exchanges, ICICI Prudential said it has received show-cause-cum-demand notice of ₹492 crore for July 2017 to July 2022...
- Companies face queries over input tax credit claimsEffectively, while a business may have paid the tax to a vendor for which it wants to claim credit, it may not be possible to ascertain if ...
- Banks under taxman scanner for GST refund on ATM transactionsThe scrutiny started after banks claimed 100% input tax credit on the amount paid to ATM vendors who are responsible for maintenance and ca...
- 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...
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