GST
Explore the world of Goods and Services Tax (GST) with our comprehensive guide. Learn about GST rates, compliance, benefits, and its impact on businesses and consumers. Stay informed about the latest GST updates and ensure you're making the most of this taxation system.
Created on: 01/24/2024
GSTN Advisory Bank Account Details Rule 10A APNOKACA
To ensure compliance and prevent disruptions in business activities, taxpayers who still need to submit their bank account details are strongly advised to do so promptly, especially if the 30-day deadline is approaching.
Created on: 01/19/2024
Digital Transformation UPI Payments GST Ten States APNOKACA
You can access this feature through any UPI using Kotak Mahindra Bank. It's a significant move towards making GST payments more digital and straightforward.
Created on: 01/12/2024
Influence of GST on India Budget Distribution: Insights from APNOKACA
In December 2023, GST collections increased by 10%, reaching around Rs 1.64 lakh crore compared to Rs 1.49 lakh crore in the same month in 2022, as reported by the finance ministry.
Created on: 01/12/2024
Government Clarification Awaited: GST Implications for Online Gaming
GST authorities have issued show cause notices totaling over ₹ 1.12 lakh crore to online gaming companies for alleged tax evasion. Sitharaman clarified on December 19 that the valuation rules excluding winnings would be applied prospectively.
Created on: 01/03/2024
GST Collections Approach Rs1.65 Trillion in December 2023
In December 2023, gross revenue, reflecting business transactions from November, reached Rs 1,64,882 crore.
Created on: 12/28/2023
GST Amnesty Scheme Deadline Extended January 31
This initiative allows specific GST taxpayers to file appeals against GST tax demand orders until January 31, 2024.
Created on: 12/28/2023
Upcoming GST Return Rectification Option
An official noted that enabling the revision of GST returns could streamline the filing process and contribute to a reduction in legal disputes.
Created on: 12/27/2023
Revised GST Returns From April 2025
To implement this, the GSTN (GST Network) plans to assign the task to the next technology vendor for the GST portal, as the current service provider, Infosys, has a contract that expires on September 30, 2024.
Created on: 12/23/2023
GST Registered Taxpayers Double Six Years Sitharaman
On Tuesday, the Lok Sabha passed an amendment Bill, aligning the Central Goods and Services Tax (CGST) Act, 2017, with the Tribunal Reforms Act, 2021.
Created on: 12/22/2023
Supreme Court Rejects GST Department Appeal High Court Ruling Input Tax Credit
The case revolves around the department's demand to reverse the Input Tax Credit (ITC) claimed by the company. This demand was based on the GST owed by its supplier not being reflected in the relevant form.
Created on: 12/21/2023
GST Return Filers Growth 11.28 Million 5 Years
According to information provided by the ministry, 90% of eligible taxpayers now complete the filing of GSTR-3B returns by the end of the respective filing month in the current fiscal year.
Created on: 12/18/2023
6 Digit HSN Code Mandatory GST E-Invoices From Dec 15, 2023
Starting December 15, 2023, a new rule requires businesses with an Annual Aggregate Turnover (AATO) of Rs. 5 crores or more to include a minimum 6-digit Harmonized System of Nomenclature (HSN) code in their electronic invoices for Goods and Services Tax (GST).