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11 Oct

GST Relief for Wrong Availment of ITC: Rectification Process and Key Amendments Under Notification No. 22/2024

October 11, 2024
By consultwithbatuk

In a major move to provide retrospective relief to taxpayers, the Goods and Services Tax (GST) Council has introduced crucial amendment...

11 Oct

GST

GST Waiver on Interest and Penalty: A Big Relief for Taxpayers Under Notification No. 21/2024

October 11, 2024
By consultwithbatuk

The introduction of Rule 164 in the CGST Rules, 2017 is a crucial step forward in resolving past tax liabilities for businesses. Follow...

11 Oct

GST

GST Exemption on Affiliation Services for Government Schools: A Step Towards Financial Relief

October 11, 2024
By consultwithbatuk

In a significant move to support government schools and ease their financial burden, the Central Board of Indirect Taxes and Customs (C...

11 Oct

GST

GST Reverse Charge on Renting Commercial Property from Unregistered Persons: What You Need to Know

October 11, 2024
By consultwithbatuk

In a move to curb revenue leakage and ensure better tax compliance, the Central Board of Indirect Taxes and Customs (CBIC) has introduc...

08 Oct

Accounting, GST

Simplified Explanation of the Invoice Management System (IMS) Under GST

October 8, 2024
By consultwithbatuk

What is the Invoice Management System (IMS)? The Invoice Management System (IMS) is a new feature on the GST portal designed to help...

23 Sep

CIRCULAR

Robust Growth in GST Collections: ₹14.97 Lakh Crore from April to December 2023

September 23, 2024
By CA Sachin Jain

PRESS RELEASE POSTING A GROWTH RATE OF 12 PERCENT Y-O-Y, Rs. 14.97 LAKH CRORE GROSS GST COLLECTION DURING APRIL - DECEMBER...

23 Sep

CIRCULAR

Massive Crackdown on Bogus Firms: ₹44,015 Crore in Suspected GST Fraud Uncovered

September 23, 2024
By CA Sachin Jain

PRESS RELEASE 29, 273 BOGUS FIRMS INVOLVED IN SUSPECTED INPUT TAX CREDIT (ITC) EVASION OF RS. 44,015 CRORE DETECTED IN A SUSTAINED D...

23 Sep

CIRCULAR

Record GST Revenue Collection: ₹1,72,129 Crore in January 2024

September 23, 2024
By CA Sachin Jain

PRESS RELEASE Rs. 1,72,129 CRORE GROSS GST REVENUE COLLECTED DURING JANUARY 2024; RECORDS 10.4 PER CENT YEAR-ON-YEAR GROWTH - AT Rs....

23 Sep

CIRCULAR

Caution Against Fraudulent GST Summons: Protect Yourself from Scammers

September 23, 2024
By CA Sachin Jain

PRESS RELEASE CAUTION AGAINST FRAUDSTERS SENDING FAKE AND FRAUDULENT SUMMONS FOR GST VIOLATIONS - TAXPAYERS CAN CHECK VERACITY OF AN...

23 Sep

CIRCULAR

Record GST Revenue Collection for February 2024: Rs. 1,68,337 Crore with 12.5% Y-O-Y Growth

September 23, 2024
By CA Sachin Jain

PRESS RELEASE Rs. 1,68,337 CRORE GROSS GST REVENUE COLLECTED DURING FEBRUARY 2024; RECORDS YEAR-ON-YEAR (Y-O-Y) GROWTH OF 12.5 PER C...

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