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Tobacco product makers to face Rs 1 lakh penalty, if packing machines not registered with GST authorities, ET Retail

Manufacturers of pan masala, gutka, and similar tobacco products will face a penalty of up to Rs 1 lakh if they fail to register their packing machinery with the GST authorities. The Finance Bill, 2024, introduces amendments to the Central GST Act, imposing a penalty of Rs 1 lakh for every unregistered machine. Non-compliant machinery may also be seized and confiscated. ....

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GST authorities: Tobacco product makers to face Rs 1 lakh penalty, if packing machines not registered with GST authorities

Manufacturers of pan masala, gutka, and similar tobacco products will face a penalty of up to Rs 1 lakh if they fail to register their packing machinery with the GST authorities. The Finance Bill, 2024, introduces amendments to the Central GST Act, imposing a penalty of Rs 1 lakh for every unregistered machine. Non-compliant machinery may also be seized and confiscated. ....

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India Inc faces onslaught of GST demands as tax authorities try to meet deadline

Several prominent Indian companies, including Hindustan Unilever (HUL), ICICI Bank, and LIC, faced tax demands on the eve of the new year as authorities strive to meet a five-year deadline for claim submissions. Notices range from input tax credit mismatches to demands for non-payment of tax on expatriate payments. ....

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Gross GST collections drop to three-month low of Rs 1.64 lakh crore in December

In December, the government settled Rs 40,057 crore to Central GST and Rs 33,652 crore to State GST from Integrated GST. As a result, the total revenue for the month post settlement was Rs 70,501 crore for the Centre and Rs 71,587 crore for State GST. ....

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gst: Karnataka GST authorities write to 161 online gaming firms, ask them to apply revised rate

“We dont want any company to claim later that they were not aware of the details of the recent amendments to the GST laws,” a senior official with the commercial taxes department told ET. ....

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