GST REGISTRATION
One time tax settlement scheme 2025 by Haryana govt: Get up to Rs 1 lakh rebate and full waiver of interest and penalty
Haryana One time tax settlement scheme 2025 (OTS): The Haryana Government has released some FAQs on the tax due settlement scheme under which you can get up to Rs 1 lakh rebate if your outstanding tax dues is up to Rs 10 lakh. This scheme will remain open for the coming 180 days i.e. 6 months.
Is 18% GST levied on maintenance amount when housing society is managed by builder?
GST on house maintenance is needed to be paid by those who are paying more than Rs 7,500 per month and the RWA's turnover is more than Rs 20 lakh (Rs 10 lakh in some states). But question is what if the RWA is yet to be formed and the builder is taking maintenance money. Do you still need to pay GST on this house maintenance money? Know more.
Central, state GST officers detect 25,009 fake firms fraudulently passing Rs 61,545 cr ITC in FY25
Central and state GST officers uncovered 25,009 fake firms involved in fraudulently passing input tax credit (ITC) worth Rs 61,545 crore during 2024-25. Authorities recovered Rs 1,924 crore and arrested 168 individuals. To combat this, the GST registration process has been tightened, and measures are in place to track masterminds and recover government dues.
Want to set up your clothes boutique? Here’s how to do it and the challenges you may face
If you’re planning to start a small business, this series will help identify the problems you’re likely to face. In the fourth part, Yasmin Hussain finds out what it entails to launch a fashion boutique by talking to NS Fashion Studio founders, Shweta and Nishan Arora.
CBIC sets seven-day deadline for granting GST registration
Businesses can now obtain GST registration within 7 days, while applications deemed high-risk will be processed within 30 days following a physical verification. The CBIC issued an indicative list of acceptable documents, addressing complaints about officers requesting unnecessary paperwork.
New guidelines to curb GST registration related harassment, to help in timely resolution of grievances of taxpayers
GST registration: The govt said: "It is noted that varied practices are being followed by the officers in respect of verification of documents & details provided in FORM GST REG-01. It has been observed that while processing the application, avoidable clarifications are being sought by the officers leading to delay in getting registration as well as rejection of GST registration."
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Potter earning Rs 95,000 annually gets I-T notice for Rs 13.55 cr deal, probe hints identity theft
Vishnu Kumar Prajapat, a Rajasthan potter earning Rs 95,000 annually, was shocked to receive income tax notices for transactions totaling Rs 13.55 crore. His PAN and Aadhaar details were allegedly misused by a Mumbai firm to evade taxes. After initial police inaction, a chartered accountant revealed the fraud.
Tide joins forces with eMSME to launch GST, Udyam Registration and Scheme Discovery Report solutions for SMEs
This collaboration introduces three essential services - GST Registration, Udyam Registration, and Scheme Discovery Reports - exclusively for Tide members in India.
Pay GST on society maintenance if monthly charge is more than this and annual collection is above Rs 20 lakh
GST: Every homeowner who is paying more than Rs 7,500 per month as house maintenance charges to the Resident Welfare Association (RWA), housing society, will need to pay 18% GST also. But there is a way to avoid this, even if you are paying more than Rs 7,500 per month. This option is dependent on the respective RWA, housing soceity's annual turnover. Read below to know more.
Indian markets have priced in uncertainty, valuations now more realistic: A Balasubramanian
From India point of view one good thing that has happened, whatever the excess got created which is created by our own participations in the market by individuals, retails excess speculation has happened and price were going beyond their intrinsic valuations that one would apply for those companies that got corrected before and thanks to the regulatory changes that happened.
18% GST instead of 5% to be charged on dining in a hotel if room rent per night is above this; know how much more it will cost?
GST: From April 1, 2025 restaurants inside hotels will have to charge 18% GST from customers instead of 5% previously if the said restaurant satisfied the definition of 'specified premises'. However, restaurants who do not satisfy this definition of specified premises have an option to either charge 18% GST or 5% from customers. Read below to know how customers will be impacted due to this high GST.
Rs 4.27 lakh for Grade 1! Entrepreneur says middle class can’t afford good education even with ?20L income
Entrepreneur Rishabh Jain's social media post about his daughter's ?4.27 lakh Grade 1 admission fee has ignited a debate on education costs. He highlighted the financial strain on middle-class families, burdened by taxes and lacking subsidies.
Home away from home: Why Indian startups are flocking to Dubai’s free zones
Dubai’s free zones offer the perfect blend of tax benefits, regulatory ease, and access to global markets, making it the preferred choice for Indian startups and SMEs looking to scale beyond borders.
Parliament passes Waqf Bill after Rajya Sabha approval following 12-hour debate
The Parliament passed the Waqf (Amendment) Bill, 2024, aiming to enhance Waqf property management. Renamed as the UMEED Bill, it focuses on administrative improvements, technological integration, and increased representation, including non-Muslims and women. Opposition voices raised concerns about unilateral decision-making and potential religious targeting, leading to heated debates in the Rajya Sabha.
Restaurant services in hotels with room rent above Rs 7,500/day fall under 18 pc GST: CBIC
Hotels charging room rent above Rs 7,500 a day will be considered 'specified premises' from April 1, 2025. Restaurant services in such premises will attract 18% GST with input tax credit. The 'declared tariff' concept will be replaced by 'value of supply' based on transaction value.
New GST rule from April 1, 2025: ISD mandatory for input tax credit; not following will lead to ITC denial, minimum penalty of Rs 10,000
GST: The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common input tax credit (ITC) must be carried out exclusively through the ISD mechanism.
GST evasion of Rs 1.95 lakh crore detected by CGST officers during April-January
Central GST officers detected Rs 1.95 lakh crore tax evasion in 25,397 cases between April and January of the ongoing fiscal. The government has taken multiple measures to prevent tax evasion, including intelligence inputs and the 'Project Anveshan' for early identification of fraudulent activities.
Changes in GST must be more comprehensive than mere rate reduction: Congress
Finance Minister Nirmala Sitharaman announced that GST rates will be reduced soon, prompting the Congress to call for a comprehensive GST 2.0 reform. Congress leader Jairam Ramesh stressed the need for simplified tax slabs and better enforcement mechanisms to reduce fraud and improve compliance.
Need of hour radically-simplified, less-punitive GST 2.0: Congress
The Congress has emphasised that changes to the GST need to be comprehensive and not just limited to rate reductions. The party calls for a simplified GST 2.0, addressing complexity and fraud issues, and reducing rates on essential items. Finance Minister Sitharaman has indicated that rationalization of GST rates is nearing completion.
Bear grip a ‘Realty’ as stocks fall up to 40% in 6 months. Can the sector make a bullish case to investors?
Despite strong earnings and a resilient residential upcycle, realty stocks remain under pressure, with Nifty Realty down 29% from its peak. FIIs continue to sell, and experts remain cautious on recovery. Regulatory risks, high interest rates, and unsold inventory add concerns. However, long-term investors may find opportunities as the sector stabilizes.
New rule for GST registration: Now biometric authentication in your home state is possible when you do GST registration in another state
GST registration: New advisory by Goods and Services Tax Network (GSTN) dated March 3, 2025 says additional facility allowing certain Promoters/Directors to complete their Biometric Authentication at any GSK in their Home State has been introduced. Read below to know more about how this new advisory about GST registration eases the pain point for GST registered taxpayers.
Unregistered persons can now generate e-Way Bill for GST compliance; Step-by-step guide on how to file ENR-03 on E-Way Bill portal
GSTN Advisory February 15, 2025: Unregistered dealers engaged in the movement or transportation of goods can now generate e-Way Bills by enrolling themselves on the EWB portal and obtaining a unique Enrolment ID. This ID will serve as an alternative to the Supplier GSTIN or Recipient GSTIN for generating e-Way Bills. Read below for step-by-step guide on how to file ENR-03 form.
DGGI Pune uncovers Rs 1,196 cr GST fraud involving multiple pvt firms
The Directorate General of GST Intelligence (DGGI) in Pune has exposed a GST fraud worth Rs 1,196 crore. A vast network of shell companies was uncovered, generating fake invoices and e-way bills. One individual, identified as the mastermind, has been arrested.
GST evasion of Rs 1.88 lakh cr detected by CGST officers during April-Dec 2024
Over Rs 1.88 lakh crore in GST evasion was detected by Central GST officers between April and December 2024, with 132 arrests and Rs 20,128 crore recovered. Significant evasion figures were also reported for previous fiscal years. Special drives to detect fake registrations revealed thousands of non-existing GSTINs and substantial tax evasion, leading to multiple arrests.
GST registration: Register for GST via biometric-based Aadhaar authentication and document verification in these states
GST registration in Haryana, Manipur, Meghalaya, and Tripura will now involve biometric Aadhaar authentication and document verification. Under this, some applicants might be required to visit a GST Suvidha Kendra to complete biometric verification. Read on to find out who will be required to visit the GST Suvidha Kendra for biometric verification, and in which states is this facility already active.
GST registration: How to apply for goods & services tax number in India in 6 steps
Anybody who wants to register or have to register for GST needs to fill up GST REG-01 form online on the GST portal website. This form has two parts- A and B. While part A is simple and easy to fill, it is part B which asks for specific operational details.
What is the procedure for GST registration?
If a business operates from more than one state, the taxpayer should obtain a separate GST registration for each state.
Step-by-step guide to GST registration through Aadhaar authentication
Aadhaar authentication facility for new taxpayers has been rolled out from August 21, 2020.
How to correct errors in GST registration?
You can rectify any mistakes or change any of the details given in the application for registration either at the time of registration or even afterwards.
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