# gst
12 posts in `gst` tag
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.
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By Krishna
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.
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By Krishna
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.
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By Krishna
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.
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By Krishna
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.
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By Krishna
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.
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By Krishna
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.
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By Krishna
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).
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By Krishna
FM Sitharaman Exposes 21791 Fake GST Registrations Tax Evasion
Sitharaman reported that a total of 21,791 entities with GST registration, split between state tax and CBIC jurisdictions, were found to be non-existent.
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By Krishna
GST Department Special Drive Identifies 21791 Falsified Registrations
Finance Minister Nirmala Sitharaman revealed on Tuesday that a special two-month drive by GST officers has deciphered 21,791 instances of fraudulent GST registrations and suspected tax evasion amounting to over 24,000 crore.
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By Krishna
November 2023 Highest Year on Year GST Revenue Growth
Notably, this is the sixth instance in FY 2023-24 where gross GST collections surpassed Rs 1.60 lakh crore. By November 2023, FY 2023-24's gross GST collection reached Rs 13,32,440 crore, averaging Rs 1.66 lakh crore monthly.
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By Krishna
GSTN Advisory Procedures Provisions Taxpayer Amnesty Missed Appeal Deadlines
The Goods and Services Tax Network (GSTN) has issued an advisory outlining procedures and provisions for taxpayers who missed the appeal filing deadline for orders passed on or before March 31, 2023.
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By Krishna