Online gaming industries opposes the changes in TDS and GST on online gaming. The online gaming industries has gone to the Central Board of Direct Taxes (CBDT) and the Prime Minister’s Office (PMO) to oppose changes to tax deduction at source (TDS) and Goods and Service Tax (GST) that would affect the sector. On February … Read more
Actions has been taken against GST fake billing in past 2 years after introduction of GST. After GST was implemented, there was more tax evasion, so the state government seems to have made it harder for people to get away with it. In Gujarat, where fake billing scams and tax evasion are becoming more common, … Read more
The Uttarakhand GST department exposes a group that used gst fake invoice to legalise the sale of illegal wood and avoid tax worth crores. According to officials, a group of traders who would set up fictitious companies to provide a legal cover for their unlawful trade in timber and related products and escape GST amounting … Read more
GSTN update ; GST portal has enabled the option to transfer the amount in Electronic Cash Ledger of one GSTIN to another GSTIN (entity having same PAN) by filling of Form PMT-09.
GST Collection February 2023 has exceeded 1.4 lakh crore for twelve consecutive months GST Collection February 2023 as compared to same month of last year Here the GST revenue Collection 2023 is compared with the same month of last year. That means, it is compared with GST Collection February 2022. GST Revenue Collection Amount₹ Gross … Read more
This articles covers latest gst updates 2023. It contains all the Notifications and Circulars issued in February-2023 which covers all GST Updates February 2023. All these amendments have been presented hear topic wise and reference of relevant latest gst notifications and latest gst circulars have been given at bottom of each topic. As well as, … Read more
GST Portal Update in relation to option by Goods Transport Agency. On the GST portal GSTN Update is available. GSTN has enabled the option to file a declaration in Annexure-V to opt for payment under Forward Charge Mechanism (FCM) by Goods Transport Agency (GTA) on GST Portal. Last date for exercising the option of forward … Read more
The GST Department has summons to insurance intermediaries and aggregators due to fake invoices. The authorities in charge of the Goods and Services Tax (GST) have expanded their investigation into the bogus invoicing case involving insurance intermediaries and aggregators. In the last two weeks, they have issued summonses to several of them in order to … Read more
it is so crucial to impose 5% GST on natural gas to reduce fertilizer subsidies. Bringing natural gas under GST could put an end to the current differential taxation regime, as well as differing urea costs and subsidy payments across states. It will eliminate the tax-on-tax cascading effect. Finance Minister Nirmala Sitharaman has stated that … Read more
At the moment, GST on online gaming 18%. Since the Goods and Services Tax Council hasn’t set a date for its next meeting yet, the online gaming industry will have to wait longer to find out how the indirect tax will be applied to it. Officials from the Ministry of Finance have said that for … Read more