Page 12 - Gst

RBI skips 14-day main liquidity operation for third straight fortnight

Market participants had expected the RBI to conduct a 14-day variable rate repo auction on Friday on account of the upcoming tax outflows which are seen sucking out rupee funds from the banking system

UP CM directs officials to take action against fake, shell companies

Uttar Pradesh Chief Minister Yogi Adityanath on Saturday directed officials to take action against shell companies to stop the attempts to misuse the facilities meant for genuine traders. While conducting a high-level review of the State Tax Department, the CM directed officials to ensure transparency in tax collection and adopt a policy of technological efficiency and strict enforcement. "Tax evasion is a national crime that negatively impacts development plans and welfare schemes," he said. Stressing that the Goods and Services Tax (GST) is a consumer-based tax system, he noted that areas with higher population density are naturally expected to generate more tax revenue. He instructed officials to develop special strategies for zones where tax collection is below average. Adityanath directed that information on suspicious firms registered under Central GST (CGST) be shared with the Centre for cancellation of their registration. For firms under State GST (SGST), he ordered in-de

Maha Kumbh sparked ₹500 cr tax surge in UP, spurred economic growth: Report

The 45-day Maha Kumbh in Prayagraj boosted Uttar Pradesh's economy with ₹500 crore in extra GST and VAT collections, record fuel sales, and a surge in tourism-related sectors across key cities

GST breather for Infosys: DGGI closes ₹32,400 cr pre-show cause notice

The Director General of GST Intelligence has closed pre-show cause notice proceedings against Infosys for financial years 2018-19 to 2021-22, involving a GST amount of Rs 32,403 crore, the company said in a statutory filing. With the receipt of the communication from DGGI, "this matter stands closed", India's second-largest IT company Infosys said. "In continuation to our earlier communications on July 31, 2024; August 1, 2024, and August 3, 2024, on GST, this is to inform that the company has today received a communication from the Director General of GST Intelligence (DGGI), closing the pre-show cause notice proceedings for the financial years 2018-19 to 2021-22," the company said in a filing late Friday evening. Infosys said it had received and responded to a pre-show cause notice issued by DGGI for the period July 2017 to March 2022 on the issue of non-payment of IGST under the Reverse Charge Mechanism. "The GST amount, as per the pre-show cause notice for this period, was Rs .

GST returns to become time-barred after 3 years starting July tax period

GST Network on Saturday said beginning the July tax period, GST taxpayers will not be able to file monthly and annual GST returns after three years of the original filing due date. The July 2025 tax period means taxpayers will file monthly returns in August this year. In an advisory, the Goods and Services Tax Network (GSTN) said taxpayers will not be able to file GSTR-1, GSTR 3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR 7, GSTR 8 and GSTR 9 on expiry of three years from the filing due date. The amendments to Goods and Services Tax (GST) law with regard to time barring were effected through the Finance Act, 2023. Thus, GST outward supply returns, besides returns related to payment of the liability, annual returns and tax collected at source will become time-barred. "The returns will be barred for filing after expiry of three years. The said restriction will be implemented on the GST portal from the July 2025 Tax period," the GSTN advisory said. It advised taxpayers to reconcile their

Net GST revenue grows 20.4% to Rs 1.7 trn on import taxes: Govt data

Sequentially, there was a nearly 17 per cent drop in net GST collections compared to April 2025, which stood at Rs 2.09 trillion

CBIC debunks social media claims of delay in granting GST registration

The CBIC on Saturday debunked a claim circulating on social media about delays and corruption in granting GST registration, saying the applicant has yet to furnish details sought by Delhi state GST officers. One individual took to LinkedIn to talk about how he has not been granted GST registration even after applying 20 days back. The post was shared on X by another user accusing that there is "corruption" in granting Goods and Services Tax (GST) registration. Replying on X, the Central Board of Indirect Taxes and Customs (CBIC) gave facts of the case and said the application was filed this week on May 26, 2025, which was assigned to Delhi State GST. The Central GST authorities had no role in this matter, the CBIC said. It further said that as per Delhi State GST authorities, the case was processed immediately and a query was raised about the missing designation of the person who has signed the rent agreement on behalf of the company. "At this stage, the ARN was pending for reply

SC upholds use of input tax credit for mandatory GST appeal deposit

The Supreme Court rules taxpayers may use their Electronic Credit Ledger for GST appeal pre-deposits, settling a long-standing dispute and easing cash flow pressures

CII seeks GST rationalisation, lower import duties for MCE sector

A CII-Kearney report urges changes to GST and import duties to improve cost competitiveness and transform India's MCE sector into a globally competitive industry

Bombay HC grants interim relief in GST dispute over development rights

Bombay High Court restrains GST authorities from acting on 18 per cent tax demand for development rights, saying TDR may qualify as sale of land exempt from GST

No difference between skill and chance in GST levy, Centre tells SC

Centre argues before Supreme Court that betting on game outcomes is gambling and attracts 28% GST, regardless of whether the game is based on skill or chance

Primary or secondary market home buy? Check budget, risk appetite to decide

You may get a lower price in the secondary market, but you must be prepared for a high upfront payout

Delhi CM calls for faceless GST system, seeks resolution of Rs 80K cr dues

Delhi Chief Minister Rekha Gupta on Saturday stressed on making the Goods and Services Tax (GST) system "faceless" and transparent, while highlighting that Rs 80,000 crore of GST dues of the Delhi government are pending due to disputes and other reasons. Addressing the third Accounting Standard Day organised by the Institute of Chartered Accountants of India (ICAI), Gupta said she had instructed GST officers not to summon businessmen to their offices if they are already appearing in court. "Make our system faceless. Tax should be collected in a hassle-free manner," she said. She praised the Chartered Accountant (CA) community for its crucial role in resolving tax disputes and contributing to economic growth. "Only the CA community can help resolve all these issues," she said, referring to the pending GST dues. Recalling her first budget as Chief Minister, Gupta said it was the first time that a budget of Rs one lakh crore was presented despite the government's treasury being nearly

Househelp in 10 minutes? Q-com model to the rescue for domestic chores

The instant househelp service offers a way to formalisation in the sector, the second highest employer after agriculture, by providing skills, insurance, and guaranteed pay

Karnataka HC stays GST demand of over Rs 50 cr against Mad Over Donuts

The court emphasised the importance of judicial consistency and agreed that no precipitative or coercive measures could be pursued by Karnataka's GST authorities during the pendency of the case

CBIC issues new rules to simplify GST registration, curb official overreach

The revised guidelines aim to curb discretionary demands for extraneous documents, a frequent complaint among taxpayers who have reported harassment and inconsistency in the registration process

No GST on UPI transactions above ₹2,000, clarifies Finance Ministry

A ministry release said that since currently no MDR is charged on UPI transactions, there is consequently no GST applicable to these transactions

ICICI Prudential Life receives ₹3.67 crore tax order from GST authorities

ICICI Prudential Life Insurance on Friday said it has received an order from GST Commissioner (Appeals) upholding tax demand of about Rs 3.67 crore. On July 2, 2024, Central Goods and Service Tax (CGST) authorities in Mumbai had passed an order in this regard. The order denied part of service tax credit, which the company migrated to the GST regime in the 2017-2018 fiscal year, when GST was launched. Subsequently, the company had filed an appeal before the Commissioner (Appeals). In a regulatory filing, ICICI Prudential said "the company has received an order from the Commissioner of CGST & Central Excise (Appeals), Mumbai, on April 17 upholding the tax demand". The order includes GST liability of over Rs 1.83 crore and penalty of an equal amount. "The company shall file an appeal against the said order before appropriate authority," ICICI Prudential Life said.

Public Accounts Committee flags mismatches in GST worth Rs 16.6K cr in FY21

The PAC said the inconsistencies highlight serious inefficiencies in the GST system's data validation and reconciliation processes, as GSTR-9 is auto-populated from GSTR-3B

Hotel restaurants charge 18% GST if room rent exceeds Rs 7.5K per day: CBIC

Hotels charging a room rent above Rs 7,500 a day at any time in any financial year will be considered 'specified premises' for the next fiscal and restaurant services provided inside such premises will attract 18 per cent GST with input tax credit, the CBIC said on Thursday. From April 1, 2025, the taxability of such restaurants which operate inside hotels will be on the basis of value of supply (transactional value). This would replace the concept of 'declared tariff' which included charges for all amenities provided in the unit of accommodation (given on rent for stay) like furniture, air conditioner, refrigerators or any other amenities, but without excluding any discount offered on the published charges for such unit. "For the period starting from 01.04.2025, the value of supply of hotel accommodation in the previous FY, i.e., the transaction value charged for the said supply, would be the basis for determining whether the premises providing hotel accommodation service mandatoril