02 Apr 2025 06:09 PM
New

Net GST collection in March jumps 7.3% to ₹1.77 tn, showing success of self reliance

Source: https://www.livemint.com/news/india/gst-collection-march-deloitte-ey-gst-council-ministerial-panel-11743515354541.html

In FY25, GST collections jumped 8.6% after adjusting for refunds, to ₹19.56 trillion, data from GSTN, the state-owned company that processes tax returns, showed.

01 Apr 2025 06:41 PM
New

2FA Mandatory for e-Way Bill & e-Invoice from April 2025

Source: https://taxguru.in/goods-and-service-tax/2fa-mandatory-e-way-bill-e-invoice-april-2025.html

Starting April 1, 2025, the National Informatics Centre (NIC) will enforce Two-Factor Authentication (2FA) for taxpayers and transporters accessing the e-Way Bill and e-Invoice systems. This security measure requires users to authenticate their login using a one-time password (OTP) in addition to their username and password. OTPs can be received via three methods: SMS on the registered mobile number, the government-provided Sandes messaging app, or the NIC-GST-Shield app, which generates OTPs offline and refreshes them every 30 seconds. To enable 2FA, users must log in to the e-Way Bill System, navigate to the 2-Factor Authentication option, and confirm registration. Once activated, OTP authentication becomes mandatory for all logins, including sub-users under a GSTIN. The main user can create and manage sub-users, assigning specific permissions for e-waybill operations. The system also allows monitoring of sub-user activities. This implementation aims to strengthen access control and enhance security within the e-Way Bill and e-Invoice systems.

01 Apr 2025 06:46 PM
New

Representation for Extension of Section 128A GST Amnesty Scheme

Source: https://taxguru.in/goods-and-service-tax/representation-extension-section-128a-gst-amnesty-scheme.html

Sales Tax Bar Association (STBA), Delhi, has formally requested Finance Minister Nirmala Sitharaman to extend the GST Amnesty Scheme deadline from 31st March 2025 to 30th June 2025. STBA, one of India’s oldest tax associations with around 2000 members, highlights key challenges taxpayers face in availing the scheme. These include unresolved appeals, financial burdens due to upfront full tax payments, multiple Show Cause Notices (SCNs) on identical issues, and dual notices from both Central and State tax authorities. During the Grievance Redressal Committee (GRC) meeting on 27th March 2025, various State Commissioners and industry bodies such as PHDCC, CII, ASSOCHAM, and FICCI acknowledged these difficulties. The association argues that an extension would enhance taxpayer participation, improve compliance, and contribute to increased revenue collection. STBA emphasizes that many businesses, particularly MSMEs, are still recovering from economic hardships and require additional time for fair settlement of liabilities. The request has been copied to key officials, including the Minister of State for Finance, Revenue Secretary, and members of the Central Board of Indirect Taxes and Customs (CBIC), urging their intervention for a timely extension.

01 Apr 2025 06:32 PM

New financial year begins today: Check what changes for you in UPI payments, GST, income tax slabs & more from April 1

Source: https://www.livemint.com/money/personal-finance/new-financial-year-begin-april-1-2025-check-what-change-you-upi-payments-gst-income-tax-slabs-bank-balance-tds-news-11743476448990.html

As the new financial year begins today, on April 1, 2025, we take a look at what changes for UPI payments, GST rates, income tax slabs, bank balance, TDS, LPG cylinder prices, and more.

01 Apr 2025 06:37 PM

GST kitty grows 10 pc in March to ₹1.96 lakh cr, second-highest ever

Source: https://www.livemint.com/economy/gst-kitty-grows-10-pc-in-march-to-rs-1-96-lakh-cr-second-highest-ever-11743508229660.html

New Delhi, Apr 1 (PTI) Gross GST collection grew 9.9 per cent in March to over ₹1.96 lakh crore - the second-highest mop-up ever, government data showed on Tuesday.

31 Mar 2025 06:48 PM

‘Erroneous’: IndiGo after I-T department imposes ₹944 crore penalty; airline to challenge order

Source: https://www.livemint.com/companies/news/erroneous-and-frivolous-indigo-after-i-t-department-imposes-rs-944-crore-penalty-airline-to-challenge-order-11743321456917.html

IndiGo said it will contest a ₹944.20 crore penalty from the Income Tax Department, which it called erroneous. The company also is also facing other penalties, including ₹113 crore from Delhi's GST department and ₹2.84 crore in Chennai, but with no significant impact on financial operations.

31 Mar 2025 06:55 PM

CBI Arrests CGST Officer, Private Person for ₹13K Bribe

Source: https://taxguru.in/goods-and-service-tax/cbi-arrests-cgst-officer-private-person-rs-13k-bribe.html

The Central Bureau of Investigation (CBI) arrested a CGST Superintendent from Nehru Place, New Delhi, and a private individual for accepting a ₹13,000 bribe. The arrest followed a complaint alleging the Superintendent demanded 8-10% of a ₹133,000 GST refund for clearance. The Superintendent agreed to accept ₹13,000. A trap was set, and the private person was apprehended while taking the bribe on the Superintendent’s behalf. Both individuals are now in custody, and the CBI is continuing its investigation into the matter.

31 Mar 2025 06:50 PM

Markets with Bertie | How welfare schemes may be easing liquor regulation

Source: https://www.livemint.com/market/gst-liquor-sales-state-excise-revenue-gst-impact-welfare-schemes-uttar-pradesh-11743317642017.html

India's liquor regulations have been complex for long. But GST and states' need to shore up revenue is beginning to change that

31 Mar 2025 06:53 PM

Railways Revenue From Non-Confirmed Waitlisted Tickets And GST

Source: https://taxguru.in/goods-and-service-tax/railways-revenue-non-confirmed-waitlisted-tickets-gst.html

In the past three fiscal years, Indian Railways issued approximately 51 crore confirmed/RAC tickets and saw about 15.45 crore waitlisted ticket cancellations. While specific revenue from clerkage charges is not separately maintained, the government confirms that applicable GST on the refundable ticket amount is returned to passengers. However, cancellation/clerkage charges and the associated GST are retained by the Railways. GST is only applicable to AC and First Class tickets. The government does not currently provide separate data on the total GST collected from these waitlisted ticket cancellations. There are no explicitly stated plans in the provided information to revise the refund policy for increased transparency or passenger benefits.

31 Mar 2025 06:46 PM

New income tax norms, GST changes, UPI payment: List of new money rule changes that will affect your pocket from April 1

Source: https://www.livemint.com/money/personal-finance/new-income-tax-norms-gst-changes-upi-payment-list-of-new-money-rule-changes-that-will-affect-your-pocket-from-april-1-11743312637584.html

April 1 rule change: New income tax rule changes, credit card rule change, UPI rule change and a host of other personal finance rule changes will come into effect from April 1, 2025, which will mark the beginning of FY26.