A Highlight of the Performance of DGGI in 2023 According to a Press release by PIB on 11th January 2024, the Directorate General of GST Intelligence (DGGI), the agency has demonstrated exceptional performance in combating GST evasion and ensuring fiscal …
Interview with Former CBIC Chief Mr. John Joseph on GST for Online Gaming In a recent discussion, John Joseph, former chairman of the Central Board of Indirect Taxes and Customs (CBIC) and current Strategic Adviser with DeepStrat, highlighted key insights …
Opting for Composition Levy Scheme of GST under Section 10 and Process of Related Filing Requirements as per Rule 3 Learn about the Composition Levy process under CGST Rule 3, providing crucial information for businesses opting to pay tax under …
HC concluded that Continuing Criminal Proceedings under Section 174 of IPC would amount to an Abuse of the process of Law Quashing of Criminal Proceedings u/s.174 of IPC by Jharkhand HC: In a recent development, the Jharkhand High Court has …
CBIC Notice Dated 4 January 2024: Calling Feedback/ Suggestion from Stakeholders by 31 january 2024 The Central Board of Indirect Taxes and Customs (CBIC) has recently issued a crucial notice on 4th January 2024, inviting valuable feedback and suggestions from …
Exporters are also awaiting for potential simplifications in the Input Tax Credit (ITC) process in the Budget 2024 Announcement In the upcoming Union Budget for the financial year 2024-25, there are expectations of key adjustments in the Goods and Services …
GST Dept informed Supreme Court of its intention to file petition seeking transfer of all related cases from High Courts to Supreme Court The Supreme Court has served notice to the Central Government in response to a plea from online …
29,273 bogus firms have been exposed, allegedly involved in suspected fraud by way of Input Tax Credit (ITC) evasion amounting to Rs. 44,015 crores In a relentless effort to combat fraud in the Goods and Services Tax (GST) and enhance …
E-Way Bill generation Without e-Invoice Details for B2B & B2E Transactions is Restricted from 1st March 2024 – E-Way Bill System Update 5 Jan 2024 Stay informed about the latest changes in the E-Way Bill System. Starting March 1, 2024, …
HSN Code Related Changes Effective from 1 February 2024 Stay informed about the latest changes in the HSN Code requirement. In accordance with notification No. 78/2020 –Central Tax, dated 15th October, 2020, taxpayers are now required to include at least …
CBIC Notification No. 4/2024 Dated 5th January 2024: Special Reporting Procedure Applicable to Manufacturers of Tobacco, Pan Masala etc Notification 4/2024: In a significant move to enhance transparency and compliance in the manufacturing sector under GST, the Central Government, exercising …
Delhi High Court Directs Revenue Department for Electronic Issuance of GST SCN & Tax Demand in DRC-01 and DRC-02 Direction by Delhi HC to Revenue Department for Electronic Issuance of GST SCN & Tax Demand: In a recent development, the …
CBIC Notification 1/2024-CTR Notification 1/2024-CTR: In a significant move, the Central Government, under the powers granted by the Central Goods and Services Tax Act, 2017, has introduced amendments through Notification 1/2024-CTR. This amendment, based on the recommendations of the Council, …
Monthly Tax Chronicle Containing Income Tax & GST Updates of December 2023 Impacting your Current Tax Year Stay updated on the latest Income Tax and GST developments with our comprehensive monthly Tax Chronicle, offering a concise overview of crucial tax …
GST Advisory No. 620 Dt. 01.01.2024: New Online Filing functionalities for GTAs to Declare their Choice of FCM and RCM for GST Payment Explore the latest functionalities introduced by the Goods and Service Tax Network (GSTN) through Advisory No. 620 …
Key GST Reforms Initiated by CBIC during the year 2023 In a ground-breaking year for GST reforms, 2023 witnessed the Central Board of Indirect Taxes and Customs (CBIC) achieving unprecedented success, marking six years of seamless GST implementation. The latest …
Extension of Due Date for Reporting Opening Balance for ITC Reversal – GST Advisory 619 Dated. 29 December 2024 Discover the latest update from the Goods and Service Tax Network (GSTN) in Advisory 619 Dated 29 December 2023, providing a …
CBIC Notification No. 56/2023 Dated. 28 December 2023: Extension of Time Limit of Order Issuance Under Section-73(9) of CGST Act for Recovery of Tax Relating to FY 2018-19 & FY 2019-20 In line with the dynamic tax landscape, CBIC Notification …
Government Explores on Inclusion of Electricity in GST to Enhance the Tax Base While Benefiting both the Industry and Consumers In a significant development, the government is actively exploring the inclusion of electricity in GST framework. This move aims to …
CBIC is Working on Introduction of Revised GST Return Filing Option for Taxpayers by April 2025 In a potential game-changer for taxpayers, the government is considering the introduction of a revised GST return filing option as early as April 2025. …