News

The Gross Goods and Services Tax (GST) revenue collected for February 2024 is Rs.1,68,337 crore, marking a robust 12.5% increase compared to that in the same month in 2023.

Gross GST Revenue of Rs.1,68,337 crore collected during February 2024; Records Year-on-Year growth of 12.5%

To reduce the burden on traders CM Pramod Sawant announced today that the state government has waived pre-GST arrears of Rs.49.5 crore for 16,400 traders under the OTS scheme.

Goa Government to Waive-off Rs 49.5 Crore Pre-GST Arrears for 16,400 Traders Under OTS Scheme

Goa Government to Waive-off Rs.49.5 Crore Pre-GST Arrears for 16,400 Traders Under OTS Scheme

Judgement

The AAR West Bengal has ruled out that ITC is allowed in case of sale and buyback transactions where payment is settled through book adjustment.

ITC allowed in case of sale and buyback transactions where payment is settled through book adjustment [Read AAR]

The GSTN has issued an update regarding GST Registration. GST Registration Process to take 30 Days even after Successful Aadhaar Authentication.

GST Registration Process to take 30 Days even after Successful Aadhaar Authentication

The state's largest ever GST evasion was found in Ghaziabad using Artificial Intelligence (AI). GST evasion is being detected by state tax department authorities.

UP's biggest GST Evasion caught with the help of AI, Fraud of Rs 19.66 crore caught

Articles

The GST Department has now started issuing Notices so as to first claim IGST ITC and then reverse IGST on ineligible ITC as per instructions given in CBIC Circular No. 170/02/2022-GST.

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Gross GST Revenue of Rs.1,68,337 crore collected during February 2024; Records Year-on-Year growth of 12.5%

Goa Government to Waive-off Rs.49.5 Crore Pre-GST Arrears for 16,400 Traders Under OTS Scheme

ITC allowed in case of sale and buyback transactions where payment is settled through book adjustment [Read AAR]

GST Registration Process to take 30 Days even after Successful Aadhaar Authentication

UP's biggest GST Evasion caught with the help of AI, Fraud of Rs 19.66 crore caught

GST Notices issued for first claim and then reversal of IGST on ineligible ITC [Know More]