News & Update

In the midst of a slowing economy, with the lowest growth of 4.5% in the second quarter in over six years, the government is working on multiple measures to boost […]

In a major relief to companies, especially multinational ones, the Central Board of Indirect and Custom (CBIC) has decided to withdraw a circular on the scope of information technology-enabled services […]

To curb tax evasion and non-filing of GST returns, the government has implemented the blocking of the e-way bill generation facility, with effect from December 2, 2019. Taxpayers who have […]

On its next meeting on December 18, the GST Council is expected to discuss various revenue-raising measures including review of the tax structure, and an alternative mechanism for compensation cess. […]

GST Network (GSTN), an organization responsible to provide the IT infrastructures for the Goods and Services Tax (GST), has activated the blocking-unblocking facility for the e-way bill generation. As many […]

After two months of decline, Goods and Services Tax (GST) collection crossed the ₹1 Lakh Crore mark in November with the revenue growing by 6% to ₹1.03 trillion in the […]

Starting from April 1 next year, electronic invoicing (e-invoicing) will be mandatory for all businesses with a turnover of ₹100 Crore or more. The new system of generating e-invoices in […]

The Ministry of Finance is planning to introduce a lottery scheme to lure taxpayers to pay Goods and Services Tax (GST). According to a senior government official, this will be […]

Goods and Services Tax (GST) authorities have unearthed a tax racket that allegedly defrauded the government of about ₹140 Crore through fraudulent means. In a release, the Central Board of […]

At the first national GST conference on Monday, the issue of consumers often paying in cash without taking a bill was identified as a key source of leakage of Goods […]

Many taxpayers registered under Goods and Services Tax (GST), especially small firms, are worried these days of system-generated red flags being shown in their online return forms. Little time is […]

The district police in Ambala booked five traders for committing fraud by registering non-existent firms with the Goods and Services Tax (GST) portal. According to the Excise and Taxation Department, […]

Five states – Delhi, Punjab, Kerala, West Bengal, and Rajasthan – released a joint statement urging the central government to immediately clear the pending GST compensation for the August-September period. […]

The Central Board of Indirect Taxes and Customs (CBIC) has directed tax officials to not insist on proof of realization of export proceeds while processing the input tax refunds. Since […]

Four men were arrested by the department of central goods and services tax and central excise (Kolkata South) for making fraudulent GST claims. They were claiming input tax credits (ITC) […]

With a view to simplifying GST and making the filing process more user-friendly, Finance Minister Nirmala Sitharaman held a meeting with chartered accountants, traders and other stakeholders on Saturday. In […]

In an attempt to curtail tax leakage and concerned with the continuous decline in monthly revenue of Goods and Services Tax (GST), the government and indirect tax department are planning […]

As a huge relief for taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) on Monday issued a circular to clarify the new rules related to claiming the tax […]

Starting from January 2020, the Goods and Services Tax (GST) Council has proposed implementing electronic invoicing (e-invoicing) on a voluntary basis. To date, there are no standards set for e-invoicing […]

In a first-of-its-kind interaction, delinked from the agenda of the Goods and Services Tax (GST) Council meeting, tax officers from the states and the Centre are set to discuss administrative, […]