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PENALTY FOR NOT FILING GST
Tax ruling can set off a game of thorns for gaming company directorsIndia's money gaming firms are worried about directors facing tax demands. A Supreme Court ruling upheld a 28% GST on bets. This could mean...
Has the GSTR-3B return filing due date for the March 2026 tax period been extended?Tax professionals are struggling to file GSTR-3B for March 2026. The GST portal is experiencing significant slowdowns, preventing logins an...
March 31, 2026 deadline for key Income Tax and GST compliances: Time to take action now to prevent penalties and late feesTaxpayers face a critical March 31, 2026 deadline for numerous income tax and GST filings. Missing these dates can lead to lost benefits an...
New GST amnesty scheme notified: Waiver of interest and penalty on GST tax demand for eligible taxpayers to be effective from November 1, 2024Waiver of GST tax demand interest and penalty: The Ministry of Finance has notified the rules and conditions to follow if you need to use 1...
GST authorities impose Rs 115.86 crore penalties on IndiGoGST authorities have imposed a total penalty of Rs 115.86 crore on IndiGo, primarily for services provided to offshore recipients that were...
GST Amnesty scheme waiver of interest and penalty: Step by step guide for eligible taxpayers to apply using GST SPL-02 formGST Amnesty 2024: GSTN in an new advisory said now GST SPL-02 form has been made available on the GST portal. GST SPL-02 form can be used t...
GST annual return deadline is December 31: Why should you file it even if not liable to file oneGST annual return: The deadline to file GST annual return is December 31, 2024. There is a good argument as to why you should file GST annu...
No late fees for filing GSTR-7 after deadline; Here’s why these taxpayers still need to file it to avoid serious consequencesGSTR-7 due date: New advisory by GSTN says even if the due date for filing GSTR-7 is missed, taxpayers filing a 'Nil' GSTR-7 return will no...
Who needs to file GST annual return by December 31, 2024Goods and Services tax: GST annual return using GSTR 9 or 9A needs to be filed by GST registered taxpayers on or before December 31, 2024. ...
Vodafone Idea slapped with Rs 73-cr GST demand, penalty ordersVodafone Idea has been issued demand orders from various GST offices to pay over Rs 73 crore for alleged tax shortfalls and excess input ta...
LIC gets GST notice of Rs 605 crore for wrong availment and short reversal of ITCLIC has received a GST notice amounting to Rs 294 crore and a penalty of Rs 29.4 crore from the Deputy Commissioner of State Tax in Mumbai ...
GSTN rolls out special procedure for tobacco manufacturers to register machines with tax authoritiesThe GST Network (GSTN) has introduced an online facility for manufacturers of pan masala, gutkha, and similar tobacco products to register ...
Biocon gets over Rs 3 crore penalty over GST related issuesBiocon said it is "in the process of taking appropriate actions, including but not limited to, filing of the necessary appeal with the appe...
M&M gets Rs 4.12 crore tax penalty; company to challengeMahindra & Mahindra has been fined Rs 4.12 crore for issues related to input tax credit claim and education cess credit balance carry forwa...
ICICI Pru Life gets GST demand notice of Rs 270 crShares of ICICI Prudential settled at Rs 526.55 apiece, up 0.56 per cent over previous close on the BSE. In a separate filing, ICICI Lombar...
Majority of small businessmen want taxman to waive off late fee on GST payment: SurveyAbout 89% small businesses want the government to allow GST payments for March - May without late fee and interest till June 30th, 2021, a ...
GST Return filing date extended, relief from late fee, penaltiesFinance Minister Nirmala Sitharaman said companies which have less than Rs 5 crore turnover will not have to pay interest, late fee or pena...