In a significant move aimed at enhancing inclusivity and flexibility in the recruitment process, the Ministry of Finance has issued Notification No. 109 (F. No. A-50050/2/2024-Ad.I) dated October 16, 2024, amending the Goods and Services Tax (GST) Council Secretariat, Group ‘A’ Executive Posts Recruitment Rules, 2018. …
Since the introduction of the Goods and Services Tax (GST) in 2017, a sophisticated scam has flourished, exploiting systemic loopholes and siphoning thousands of crores from the exchequer each year. Despite hundreds of fraudsters being apprehended, the masterminds behind the operations remain elusive, according to sources …
Starting FY 2023-24, GST system will auto-populate eligible ITC for domestic supplies (excluding reverse charge and imports ITC) from table 3(I) of GSTR-2B to table 8A of GSTR-9. These changes in GSTR-9 and 9C for the FY 2023-24 will be available on the GST portal from …
State Financial Commissioner (Taxation) Krishan Kumar conducted a surprise inspection in the old market area near Rainak Bazaar, uncovering a common practice of shop owners selling items without issuing bills to evade GST. While no penalties were imposed during the visit, the Commissioner issued warnings to …
From April 1, 2025, the anti-profiteering mechanism under the Goods and Services Tax (GST) regime will cease to operate, marking a significant change for businesses and consumers. The Central Board of Indirect Taxes and Customs (CBIC), based on the GST Council’s recommendations, has notified that no …
GST revenue growth rate slowed to 6.5% in September, with collections totalling Rs 1.73 lakh crore, according to government data released on Tuesday. This marks a slight decline compared to August 2024, when GST revenue stood at Rs 1.75 lakh crore. The slower growth is attributed …
In a shocking case of corruption, the Organised Crime Division of the police recovered ₹69 lakh in cash and 306 grams of gold from four GST officials arrested earlier in September for allegedly kidnapping and extorting ₹1.5 crore from businessman Keshav Tak. The officials – Abhishek, …
In a significant move to address the growing issue of data discrepancies in tax return filings, the CBIC is set to introduce advanced technological solutions to resolve mismatches and reduce related disputes. A recent analysis by CBIC revealed that a majority of tax disputes arise from …
Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Odisha This is to inform taxpayers about recent developments concerning the application process for GST registration. It is advised to keep the following key points in mind during the registration process. 1. Rule …
A significant number of the show-cause notices issued to taxpayers under the GST regime in 2023-24 stemmed from data discrepancies in tax return filings, a senior indirect tax official said on Tuesday. Efforts are now underway to leverage technology to resolve these mismatches and ease the …
