GST News

GST council likely to consider decriminalisation of GST law in 17th Dec Meet
Posted in GST on 06 December 2022
The GST Council in its next meeting is likely to discuss the decriminalisation of offences under GST law, along with raising the threshold of launching prosecut..
ICAI releases Handbook on Annual Return under GST
Posted in GST on 05 December 2022
Handbook on Annual Return under GST..
3 booked in Ludhiana for attempt to use fake documents for GST registration
Posted in GST on 05 December 2022
Sumandeep Kaur, assistant commissioner, Ludhiana Zone 4, who filed the complaint, stated that the GST department had received three online registration applicat..
Computation of ITC updated by GSTN based on returns filed by suppliers upto 30th Nov 2022
Posted in GST on 02 December 2022
GSTN has updated the below instructions on GST Portal Annual return in Form GSTR-9 once filed cannot be revised. Computation of ITC has been made based on GSTR-..
GST revenue collections jumped 11% at Rs. 1.46 lakh crore in Nov 2022
Posted in GST on 02 December 2022
Rs. 1,45,867 crore gross GST revenue collected for November 2022, records increase of 11% Year-on-Year..
Chhattisgarh: Pvt firm director, employee held for GST fraud in Raipur
Posted in GST on 01 December 2022
The director and accountant of a private firm were arrested in Chhattisgarh's Raipur on Tuesday for evasion of the Good and Services Tax (GST) by passing on fak..
Manner of processing and sanction of IGST refunds transmitted to jurisdictional GST authorities under rule 96(5A)
Posted in GST on 29 November 2022
The CBIC has issued Instruction No. 04/2022-GST dated November 28, 2022 regarding the Manner of processing and sanction of IGST refunds, withheld in terms of cl..
Centre releases Rs 17000 crore of GST compensation to States/UTs
Posted in GST on 26 November 2022
The Central Government released an amount of Rs. 17,000 crore to States/UTs on 24.11.2022 towards the balance GST compensation for the period April to June, 202..
GSTN: Now GST payments can be made through 21 banks
Posted in GST on 25 November 2022
The Goods and Services Tax Network ("GSTN") has added a new City Union Bank, bringing the total number of banks accepting GST payments to 21...
GSTN included as Financial Information Provider under Account Aggregator Framework
Posted in GST on 24 November 2022
The Reserve Bank on Wednesday said the Goods and Services Tax Network (GSTN) has been included in the list of financial information providers under the Account ..