CBIC Confirms No GST Applicability on Penal Charges Imposed by Banks and NBFCs
The CBIC confirms that GST is not applicable on penal charges by banks and NBFCs, clarifying the tax implications for ...
Have you received a fake GST notice? Finance Ministry issues warning for taxpayers on fake violation notices; here's how you can verify
The Central Board of Indirect Taxes and Customs (CBIC) has verified reports of scammers sending bogus GST summons, some of ...
No GST on penal charges levied by banks, NBFCs: CBIC
The CBIC also clarified that this GST exemption is limited to payment settlement function only, which involves handling of ...
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No GST on Bank, NBFC Penal Charges: CBIC
The Central Board of Indirect Taxes and Customs (CBIC) has clarified that GST will not be applicable on penal charges levied ...
Taxpayers warned about fake GST summons: Here's how to check fraud
The DIN under GST is a 20-digit unique code assigned to official communications sent by tax authorities to registered ...
Got a GST violation notice? Check the notice as it can be fraudulent notice as well
CBIC warns taxpayers about fraudulent GST summons issued by impostors. Taxpayers should verify documents' authenticity ...
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GST Exemption on Penal Charges and Small Transactions
GST will not be applied on penal charges levied by banks and NBFCs, as clarified by the CBIC. The exemption extends to ...
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Fake GST violation notices on the rise, CBIC warns taxpayers: How to check? What to do next? Know here
The Central Board of Indirect Taxes and Customs (CBIC) has warned taxpayers against fraudulent GST violation notices, which are being issued with the official logo and DIN number, the Finance ...
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CBIC Warns Against Fraudsters Issuing Fake GST Violation Summons
On verifying the DIN, if any individual or taxpayer finds that the Summon/letter/Notice is fake, it may immediately be ...
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Finance Ministry warns taxpayers about fake GST violation notices; How to verify
The Central Board of Indirect Taxes and Customs (CBIC) confirmed that some fraudsters are sending counterfeit GST summons, ...
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Retrospective Cancellation of Supplier’s GST Registration Doesn’t Invalidate Recipient’s ITC Claim: Calcutta HC
Whether the Show Cause Notice (SCN) issued under Section 74 of the CGST and WBGST Act is valid, given the petitioners’ claims that they fulfilled all requirements for ITC and the suppliers’ GST ...
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No GST On Penal Charges Levied By Banks, NBFCs? CBIC Clarifies
Goods and Services Tax (GST) will not be applicable on penal charges levied by banks and non-banking finance companies (NBFCs ...