GSTN issues Updated Advisory on GST Invoice Reporting: Time Limit applicable to Credit/Debit Notes also
The Goods and Services Tax Network (GSTN) has released an updated advisory with regard to reporting of Goods and Services Tax (GST) Invoices on the Invoice Reporting Portal. The updated advisory makes it compulsory to
GST Evasion: Two Arrested for Issuing Fake GST Invoices Around Rs 700 cr
Two people have been arrested by the Headquarter Preventive Wing of the Central GST Commissionerate for allegedly issuing fake GST invoices of approximately Rs 700 crore. CGST officials acted upon intelligence and busted the modus
GST Portal issues Advisory to Taxpayers on Invoice Series to be used wef 1st April, 2019
The Goods and Services Tax ( GST ) portal has issued an advisory to all the taxpayers on invoice series to be used from 1st April 2019. “Attention of all taxpayers is invited to Rule
Consumers Beware! Here’s how to protect yourself from Fake GST Invoices
The Goods and Services Tax system, to simplify the taxation process, has also turned into a tool for scammers to avoid paying taxes. Smaller companies and customers may experience difficulties as a result of the
Govt warns Use of Fake GST Invoices
The Government has warned the use of fake invoices resulting in evasion of Goods and Services Tax ( GST ) and directed the officers to take strict measures to curb such practices. Speaking on the
Chartered Accountant and Four Others held for creating Fake GST Invoices
Four persons, including a Chartered Accountant was arrested by the Goods and Services Tax (GST) officials for tax evasion through creating fake invoices and thereby duping the government. The directorate general of GST, Bangalore city
GST Portal: Here’s How You can File GST related Complaints
Taxpayers can now file complaints related to Goods and Services Tax ( GST ) on the GST Grievance Redressal Portal, according to the Ministry of Finance. The portal provides taxpayers with assistance on GST registration,
GST: Govt to launch E-Invoice to curb Evasion
In order to bring an effective tool to curb tax evasion under the Goods and Services Tax ( GST ) regime, the Central Government is planning to launch the system of electronic invoice. The new
CBIC waives Penalty for Non-Compliance to GST Invoice QR Code provisions [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) notified the waiver of the amount of penalty for non-compliance to Goods and Service Tax (GST) Invoice QR code provisions between the period from 1 December
CBIC issues Procedure to be followed in cases of Manufacturing or Other Operations undertaken in Special Warehouses under section 65 of the Customs Act
The Central Board of Indirect Taxes (CBIC) on Monday issued the procedure to be followed in cases of manufacturing or other operations undertaken in special warehouses under section 65 of the Customs Act. The Board
Central Govt initiative ‘Mera Bill Mera Adhikar’ App: Upload GST Invoice and Win Cash Prize up to 1 Crore
The Central Government is preparing to introduce a mobile application named 'Mera Bill Mera Adhikar' for both iOS and Android platforms, as part of the 'Mera Bill Mera Adhikar Scheme'. A notable aspect of this
Failure to include Place of Supply and State’s Name in GST Invoice for Inter-State Supply would attract Penalty: CBIC [Read Circular]
The Central Board of Indirect Taxes and Customs ( CBIC ) has clarified that in case of failure to satisfy the mandatory requirement of inserting place of supply and the name of the State in
GST Evasion: Gauhati HC grants Bail to person alleged of Selling Coal without issuing GST Invoices [Read Order]
The Gauhati High Court granted bail to the person alleged of selling Coal without issuing GST invoices. The petitioner, Vikas Bansal submitted that whatever coal he had purchased from Coal Importers of Gujarat and Punjab
GST Evasion: DGGI finds clandestine clearance of the Taxable Goods by raising Parallel Invoices
GST Evasion came to the notice of the officers of the DGGI, Zonal Unit, Surat that the Firms M/s Tanishk Fashion, 3086-87-88, Radha Raman Textile Market, Saroli and M/s Riddhi Siddhi Fashion, 736, New Textile
ICAI initiates Disciplinary Proceedings against 8 CAs allegedly involved in fake GST Invoice Frauds
The Institute of Chartered Accountants of India (ICAI) has initiated disciplinary proceedings against 8 Chartered Accountants (CAs) who were arrested in the nationwide drive against fake GST invoice frauds since November 2020. Reportedly, the Institute