Ease in GST e-invoicing generating services to large tax payers

GST E-Invoicing generating services

Now more ease in GST e-invoicing generating services to large tax payers. Clear Channel has opened its invoice registration platform (IRP), businesses throughout the nation can produce their electronic invoices for the goods and services tax (GST). Previously, only the NIC site could be used by businesses to generate these invoices. On the other hand, … Read more

GST refunds for foreign tourists’ purchases are about to be implemented.

GST refunds for foreign tourists purchases

Government is thinking about GST refunds for foreign tourists’ purchases are about to be implemented. Given that the government intends to address the long-pending issue soon, foreign tourists may soon be able to claim refunds on the goods and services tax (GST) they paid when buying in India. Sources indicate that the process and rules … Read more

Soon, the use of 4-Digit HSN Codes Would Be Banned on GST E-Invoice

HSN Codes GST E-invoice

Eventually, 4-Digit HSN codes to be Banned from use In GST E-Invoice. After the recent addition of more IRPs, the Goods and Services Tax (GST) e-Invoice System is about to go through a big change in the coming weeks. In a few weeks, the e-invoice portal will stop accepting 4-digit Harmonic Nomenclature System (HSN) Codes … Read more

3 TMT bar suppliers were arrested in Chennai for GST evasion of Rs.150 crore

GST evasion

Three TMT bar suppliers were apprehended by the GST intelligence unit for conducting illegal business to the tune of Rs.834 crore, resulting in GST evasion of Rs.150 crore. Using this data, the intelligence team on Thursday launched a simultaneous search operation at the homes of three high-profile tax payers who are involved in the supply … Read more

GST fraud|Rs 3.11 lakh crore stolen in five years, Rs 1.03 lakh crore recovered

GST Fraud

Throughout the five years of GST fraud, Rs 3.11 million crore was taken, with just Rs 1.03 million crore recovered. With a total of Rs 60,000 crore in misappropriation discovered across all states, Maharashtra led the list, followed by Rs 40,507 crore in Karnataka, Rs 26,156 crore in Gujarat, and Rs 24,217 crore in Delhi. … Read more

GST on Under Construction properties should be rationalised|GST on real estate

GST on under construction properties

Real estate professionals and developers want the government to rationalise the GST on under construction properties in order to stimulate sales. As a result of having to pay GST in addition to stamp duty and registration fees, the sale of properties under construction has declined. Pankaj Kapoor, an expert in real estate and the founder … Read more

CGST(Rate)Notifications 2023|GST Notification 2023

GST notification 2023

The goal of this article is to cover all GST notification 2023. All CGST (Rate) Notifications issued in the year 2023 have been covered in this article. notifications on gst issued in the year 2023 have been covered in this article. In addition gst notification 2023 latest pdf download facility has been provided in this … Read more