GST

Old cars, new problems: 18% GST increases problems for businessmen, relief for common man – gst council raise gst rate on the sale of old and used vehicles from 12 percent to 18 but not for individuals

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The GST Council on Saturday, December 21, decided to increase the Goods and Services Tax (GST) on the sale of second hand cars. The council has decided to increase the GST rate on the sale of old and used vehicles from 12% to 18%. However, this new rate will be applicable only to those vehicles … Read more

GST evasion of ₹2.01 lakh crore detected in FY24, most cases from online gaming – DGGI detects 6084 cases involving Rs 2.01 lakh crore of GST evasion in 2023-24 fiscal

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The Directorate General of GST Intelligence (DGGI) has detected 6,084 cases of GST evasion worth Rs 2.01 lakh crore in FY 2024. This investigation arm of GST has detected evasion in a total of 6,084 cases. This amount is double the GST evasion of Rs 1.01 lakh crore detected in 4,872 cases during 2022-23. During … Read more