GST Updates

Recent developments in GST have seen the introduction of a practical solution for Annexure B template upload issues. However, a Rs 25 crore GST scam has led to the jailing of Trishna Barman for 14 days, with her bail rejected. The Assam GST Department has intensified its probe into the scam. Other updates include:
- TVS Electronics disclosing a GST dispute over input tax credit, with potential financial implications of about ₹58.23 lakh including interest.
- The state GST department finding that a ghost firm obtained a GST registration in the name of Lalita after duping a trader.
- Local officials discussing Amendment 5, which would require legislators to expand taxes on goods and services.
- SST being implemented in Malaysia, with a two-part regime applying to sales tax and service tax.
- Andy Burnham removing the GST-equivalent from electricity, which will bring power prices down.
- Himachal Pradesh reporting a ghost firm obtaining a GST number months after duping a trader.
- Tax services releasing a full list of GST-free back-to-school items, including notebooks, textbooks, and school bags.