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Analysis of GST Collections: FY 2022-23 Insights and Reforms
Introduction: The Lok Sabha Unstarred Question No. 91 delves into the intricacies of India’s Goods and Services Tax (GST) collections for the Financial Year 2022-23. The query, posed by Shri D.M. Kath...
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12 New Features on GST Portal: Registration, Aadhaar Authentication, Refunds & Payments
A. GST Registration 1. Functionality for validating bank account and to view the status of validation. A functionality was implemented on the portal for taxpayers to validate their bank account. Taxpa...
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GST Revenue Hits Record High: ₹1,67,929 lakh in November 2023
The Ministry of Finance has announced remarkable growth in Goods and Services Tax (GST) revenue for November 2023, reaching a record ₹1.67 trillion. This achievement marks the sixth instance in FY 202...
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GSTN Advisory: Two-factor Authentication for Taxpayers
Introduction: In a bid to bolster the security measures of the Goods and Services Tax Network (GSTN) portal, taxpayers are set to experience a significant upgrade. The introduction of Two-Factor Authe...
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Advisory on Amnesty for Missed GST Appeals: Procedures & Provisions
Advisory for the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline for the orders passed on or before March 31, 2023 1. Amnesty for Taxpayers: The GS...
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Zomato and Swiggy Face Rs 750 Crore GST Demand
Introduction: Zomato and Swiggy, two giants in the food delivery sector, are now grappling with GST demand notices amounting to a staggering Rs 750 crore, as revealed by a report from the Directorate...
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Comprehensive Guide to GST E-Invoice System Implementation
Introduction: Welcome to the realm of GST tax compliance, where the E-Invoice System revolutionizes the way businesses handle invoices. Mandated by the GST Council and implemented by the National Info...
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Instructions for Direct API Integration with IRPs for E-Invoice Reporting
GSTN relased Comprehensive Guide and Instructions for Direct API Integration with Any of the 6 IRPs for E-Invoice Reporting Comprehensive Guide and Instructions for Direct API Integration with Any of...
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Advisory on verification of transporter Id (TRANSIN) in e-Waybills
Dear Taxpayers and Transporters, understanding the verification process of transporter IDs in the E-Waybill System is crucial for seamless operations. This advisory aims to clarify the process and hig...
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GST Council Newsletter for the month of October 2023
The 52nd GST Council meeting was characterized by significant changes being made to the tax landscape in India. The Council, upholding the spirit of cooperative federalism, decided to cede the right t...
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Union Finance Minister Launches 12 GST Seva Kendras in Gujarat
Introduction: Union Finance Minister Smt. Nirmala Sitharaman recently launched 12 Goods and Services Tax (GST) Seva Kendras in Vapi, Gujarat, as part of the “Mera Bill Mera Adhikaar” campaign. This ar...
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गुड्स एंड सर्विस टैक्स सेंट्रल मेरठ की इंटेलिजेंस (DGGI) ने बड़ा फर्जीवाड़ा पकड़ा
गुड्स एंड सर्विस टैक्स सेंट्रल मेरठ (Goods & Services Tax) की इंटेलिजेंस (DGGI) ने एक बड़ा फर्जीवाड़ा पकड़ा प्रेस विज्ञप्ति का सारांश :- गुड्स एंड सर्विस टैक्स इंटेलिजेंस डायरेक्टर जनरल (DGGI ) मेरठ क...
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DGGI Meerut Busts Rs. 1,481 Crore Fake Invoice Syndicate
Introduction: In a significant achievement, the Directorate General of Goods and Services Tax Intelligence (DGGI), Meerut Zonal Unit, has taken down a major fake invoicing syndicate that operated with...
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2- Factor Authentication for e-Way Bill and e-Invoice System
2 Factor Authentication is mandatory for taxpayers with AATO Rs 20 Crore and above from 20th November 2023. Users are requested to register for 2FA and also create sub-users so that EWB activities are...
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Biometric Aadhaar Verification for GST Registration – Gujarat & Puducherry
The Goods and Services Tax Network (GSTN) has introduced a new biometric-based Aadhaar authentication and document verification process for GST registration applicants in Gujarat and Puducherry. This...
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October 2023 GST Revenue Hits Second-Highest Mark, Surges 13%
Introduction: The Ministry of Finance has released its report on GST revenue collection for October 2023, showcasing impressive growth compared to the previous year. This detailed analysis delves into...
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GSTN issued advisory related to changes in GSTR-5A
The Goods and Services Tax Network (GSTN) has recently issued a significant advisory through Notification 51/2023 dated 29.09.2023. This advisory introduces a new table, Table 5B, within the GSTR 5A r...
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GSTN enables New Registration functionality for IRPs
New Delhi, 29th May 2020 – In a significant development, the Goods and Services Tax Network (GSTN) has introduced a new registration functionality on the GST portal specifically tailored for erstwhile...
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CGST Mumbai Busts Rs. 263 Crore Fake GST Invoice Racket
Introduction: The Ministry of Finance, through the CGST Mumbai South Commissionerate, made a significant breakthrough by uncovering a massive fake GST invoice racket involving a staggering invoice val...
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ICAI representation on Mass GST Notices: Unfair Treatment of Taxpayers
Introduction: The Institute of Chartered Accountants of India (ICAI), established by an Act of Parliament in 1949, plays a pivotal role in regulating and advancing the field of Chartered Accountancy i...