Page 7 - Gst

June e-way bills 2.6% lower than May, indicating possible GST moderation

Intra-state e-way bills stood at 78.85 million in June, while inter-state e-way bills were at 40.60 million during the month

Eight years on, GST regime is okay, but GST officers are not efficient

In pre-GST regime, importers of goods were paying additional duties of Customs & taking Cenvat Credit of the same. Now, they are paying Integrated GST and taking input tax credit (ITC) of the same

Ministerial group on GST discusses curbing ITC frauds, leakages by sector

The GoM on GST revenue analysis under Goa Chief Minister Pramod Sawant met on Friday and discussed sector-specific tax leakages and corrective action to curb over Rs 2 lakh crore ITC frauds. The GoM also discussed comparative analysis of pre- and post-GST revenue trends, e-invoicing and IT system enhancements for better traceability. The GoM also discussed state-specific policy suggestions for boosting revenue, and coordination between central and state tax administrations for plugging GST evasion. "Chaired a meeting of the Group of Ministers (GoM) on GST Revenue Analysis to review state-wise revenue trends and identify actionable strategies for improved GST collection," Sawant said in post on X. The GoM identified Input Tax Credit (ITC) fraud as a major issue under goods and services tax (GST) and states suggested various measures to prevent it. Officials said the GoM flagged Rs 2 lakh crore of ITC fraud over the past years, with states like Gujarat, Telangana, and Rajasthan makin

Net GST receipt growth slipped sharply to 3.3% in June: Govt data

June's net revenues from the indirect tax, based on transactions carried out in May, were also impacted by the back of sharp 28.4 per cent rise in total refunds to ₹25,491 crore

PwC bats for 3-tier GST rate structure to cut disputes, simplify tax regime

Marking eight years of GST, PwC recommends streamlining tax slabs, removing compensation cess, and aligning India's tax regime with OECD neutrality principles

New India Assurance gets ₹2,298 cr GST demand notice for 5 financial years

The company has received a show cause notice dated June 26, 2025, from the office of Additional Commissioner

'Appeals in DGGI-led multi-state cases must be filed where CAA is posted'

The clarification resolves confusion in multi-state GST cases by stating appeals must be filed in the jurisdiction of the Common Adjudicating Authority's posting

Outline for GST 2.0: Steps that will make it a good and simple tax

Rate rationalisation should not be viewed in isolation as a revenue exercise, but as one integrated with trade policy and broader macroeconomic objectives

GST evasion detection hits all-time high of ₹2.23 trillion in FY25

FM Nirmala Sitharaman urges faster probe closures and easier registrations

Make GST registration easier using tech, risk-based parameters: FM to CBIC

Finance Minister Nirmala Sitharaman on Friday asked CBIC to make the GST registration easier, seamless, and more transparent for taxpayers, using technology and risk-based parameters. Sitharaman, who chaired the Central Board of Indirect Taxes and Customs (CBIC) Conclave with the Principal Chief Commissioners, Chief Commissioners and Director Generals of the field formations, reviewed the performance of Customs and CGST zones on key indicators. During the conclave, she directed the zones to prepare an action plan to improve various parameters, such as GST registration, processing of refunds, and handling taxpayers' grievances. The finance minister also directed the CGST formations to launch targeted awareness campaigns among taxpayers, trade associations, and industry bodies regarding the mandatory documentation required for GST registration, particularly those related to the principal place of business, the finance ministry said in a statement. This would help reduce rejections an

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

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

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