GST

The Goods and Services Tax Network (GSTN), which is the technology interface between government and taxpayers, is due to be integrated with the country’s ambitious financial data sharing network -- Account Aggregator—before July 1,…

The goods and services tax department has widened the probe against insurance companies for alleged wrongful availment of input tax credit. The Director General of GST Intelligence is likely to serve show cause notices to 10 more insures…

The Goods and Services Tax Council will have to appoint a new chairperson for the key group of ministers (GoM) on rate rationalisation following the Karnataka state elections. Former Karnataka chief minister Basavaraj S Bommai, who resigned…

Goods and Services Tax authorities are seeking near real-time access to banking transactions of the taxpayers, as a means to detect fake invoices and excess use of input tax credit (ITC) by sections of businesses. The move follows recent…

Basavaraj S. Bommai (L) and Palanivel Thiaga Rajan (R). File. The change of guard after the Assembly election in Karnataka and the Ministerial council shuffle in Tamil Nadu has triggered the need for the Goods and Services Tax (GST)…

The finance ministry has decided to lower the threshold for mandatory e-invoicing under the goods and services tax (GST) to Rs 5 crore from the Rs 10 crore at present, effective August 1, a move that will help improve the tax collections…

The Central Board of Indirect Taxes and Customs has launched the automated return scrutiny model for goods and services tax returns this week. The non-intrusive means of compliance verification has been rolled out in the ACES-GST back-end…

Businesses with turnover of over ₹5 crore will have to generate electronic or e-invoice for B2B transactions with effect from August 1.Businesses with a turnover of ₹10 crore and above must generate e-invoices for all B2B…

The government has extended the deadline to May 31 for Goods Transport Agencies to exercise the option of paying GST on forward charge basis for current fiscal. Under GST, Goods Transport Agencies have the option to collect and pay GST on…

The government has extended the deadline to May 31 for Goods Transport Agencies to exercise the option of paying GST on forward charge basis for current fiscal. Under GST, Goods Transport Agencies have the option to…