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15% increase in GST Collection Year-on-Year (Y-o-Y)

There has been an increase of 15% in GST Collection in the month of December (FY 2022-23) as compared to the month of December (FY 2021-22). This was stated by the Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Lok Sabha today. Also, the Minister stated, […]...

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CGST Bhiwandi Commissionerate arrests Oppo Mobiles finance manager

An authorized signatory - Manager-Finance & Accounts of Chinese origin company M/s. Oppo Mobiles India Private Limited Mr. Mahendra Kumar Rawat has been arrested by CGST Bhiwandi Commissionerate, for fraudulent availment of ITC amounting to Rs.19 cr on fake...

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Advisory for GST Registration for banquet halls, farm house, marriage gardens & hotels

It has come to the notice of the Department that several banquet halls, farm houses, marriage gardens, and hotels registered under Delhi GST are not reporting or under reporting their business transactions/turnover and hence not paying due GST thereon....

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Advisory for the taxpayer wishing to register as “One Person Company” in GST

Press Release No. 574 (21/03/2023)  

21/03/2023 As per provision of section 2(62) of The Companies Act, 2013 “One Person Company” is defined as a company which has only one person as member. Some issues have been raised by the persons registering as ‘One Person Company’ while they take GST registration. Upon analysis, it has been noticed that the option of […]...

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Restaurants entitled to charge GST on service charge voluntarily paid by customer

Whether restaurants entitled to charge GST on service charge voluntarily paid by customer and if so, details thereof and provision and slab under which GST is charged...

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No Restriction for GST Registration For Professional on Residential Address

CGST Act does not restrict GST registration of Management consultants, Architects and other professionals operating from residential premises...

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Delhi South CGST unearths fake invoicing racket

The Central Goods and Service Tax (CGST) Delhi South Commissionerate busts racket of firms fraudulently claiming Input Tax Credit (ITC) of ₹17 crore....

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GST Council Newsletter for the month of February, 2023

Government reduced the rate of GST from 18% to 5% in case of ‘Rab’ when it is sold in pre­packaged and labelled form and in all other cases the rate of tax will be ‘Nil’. ...

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Advisory on Mandatory reporting of 6 digit HSN codes

As per Notification No. 78/2020 – Central Tax dated 15th October, 2020,  it is mandatory for taxpayers to mention 6-digit HSN Codes for their outward supplies having AATO more than Rs 5 Crores....

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Maharashtra Amnesty Scheme, 2023 for Goods and Services Tax Department

HIGHLIGHTS OF THE MAHARASHTRA STATE BUDGET SPEECH DATED 9TH MARCH, 2023 BY HONOURABLE DEPUTY CHIEF MINISTER (FINANCE) SHRI DEVENDRA FADNAVIS PART-II (A) Amnesty Scheme, 2023 for Goods and Services Tax Department announced :— > This Amnesty Scheme will be called as ‘Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late...

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