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Nearly 13,000 Small Businesses in Karnataka Receive GST Show-Cause Notices

The Karnataka State Commercial Taxes Department has issued show-cause notices to nearly 13,000 small businesses and street vendors. These notices are based on discrepancies between digital payment transactions and GST compliance, particularly focusing on data from UPI platforms such as PhonePe, Google Pay, and Paytm. What Triggered the Notices? Over a six-month audit period, the […]

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Advisory on Entry of Receipt Numbers for Leased Wagons in the E-Way Bill System

Effective from January 1, 2025, the Goods and Services Tax Network (GSTN) has issued updated guidelines for the accurate entry of Receipt Numbers pertaining to Leased Wagons in the E-Way Bill (EWB) system. These instructions aim to ensure streamlined data validation and compliance for taxpayers transporting goods via rail networks, particularly through Leased Wagons. Key

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Key Highlights from the 54th GST Council Meeting

The 54th GST Council meeting, chaired by Union Finance Minister Smt. Nirmala Sitharaman, brought about several pivotal recommendations aimed at fine-tuning India’s GST regime. Attended by key officials and ministers from various states, the meeting resulted in decisions on tax rates, trade facilitation, and procedural improvements, benefiting both businesses and consumers. Here are some of

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