Rs 1,03,492 cr Gross GST Revenue collected in the month of November, 2019, says Finance Ministry
The gross GST revenue collected in the month of November, 2019 is Rs 1,03,492 crore of which CGST is Rs 19,592crore, SGST is Rs 27,144crore, IGST is Rs 49,028crore (including Rs 20,948crore collected on imports)
GST Revenue collection for March’ 21 sets new record: ₹ 1,23,902 crore gross GST revenue collected
The gross GST revenue collected in the month of March 2021 is at a record of ₹ 1,23,902 crore of which CGST is ₹ 22,973 crore, SGST is ₹ 29,329 crore, IGST is ₹ 62,842 crore (including ₹ 31,097 crore collected
R&D Services to Foreign Entities are “Export of Service” & Deemed “Zero Rated Supply” if Goods/Prototypes are Supplied by Foreign Entity, GST Implication Limited to Prototypes Developed by Applicant: AAR
The Gujarat Authority for Advance Ruling (AAR), Ahmedabad has held that the Research & Development (R&D) activities and services provided by the applicant to foreign entities shall be treated as “Export of Service” and deemed
No Separate GST Registration in Karnataka required, for Supply of Service, can raise Invoice by charging IGST from their Registered Office: AAR [Read Order]
The Karnataka Authority of Advance Ruling (AAR) ruled that no separate GST registration in Karnataka required, for the supply of service, can raise invoice by charging IGST from their registered office. The Applicant, GEW (India)
Bombay HC directs IGST Refund as Non-Transmission of Data Relating to Export from GSTN to ICEGATE is not a valid ground [Read Order]
The Bombay High Court directed the GST Authority to issue refund alsong with the interest as Non-Transmission of Data Relating To Export from GSTN to Indian Customs Electronic Gateway (ICEGATE) is not a valid ground
CESTAT grants of IGST Refunds paid on Imported Goods demanded when there is no intention to take Release of Goods [Read Order]
The Chennai Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) grants of IGST refunds paid on imported goods demanded when there is no intention to take the release of goods. The appellants, M/s.
₹ 1,05,366 crore gross GST Revenue Collected in February
The gross GST revenue collected in the month of February, 2020 is ₹ 1,05,366 crore of which CGST is ₹ 20,569crore, SGST is ₹ 27,348crore, IGST is ₹ 48,503crore (including ₹ 20,745crore collected on imports)
GST Revenue collection for Jan 2021 almost touches ₹1.20 lakh crore
The gross GST revenue collected in the month of January 2021till 6 PM on 31.01.2021 is ₹ 1,19,847 crore of which CGST is ₹ 21,923 crore, SGST is ₹ 29,014 crore, IGST is ₹ 60,288 crore (including ₹ 27,424 crores collected
CBIC directs extension of Alternate Mechanism for resolving invoice mis-match errors (SB-005) on all Shipping Bills [Read Circular]
The Central Board of Indirect Taxes and Customs (CBIC) notified  IGST refunds on exports-extension in SB005 alternate mechanism. The Board Circulars provide the facility for resolving invoice mismatch errors with officer interface as an alternative
Govt notifies Rate of Goods and Services under IGST & UTGST [Read Notification]
The Central Government recently notified a number of notifications prescribing the rates applicable for goods and services under the IGST and UTGST Acts. The first notification lays down the rates applicable for goods under the
Amount of CGST, SGST, or IGST wrongly paid for Intra-State or Inter-State shall be Refunded within 2 years, clarifies CBIC [Read Circular]
The Central Board of Indirect Taxes and Customs (CBIC) clarified the amount of CGST, SGST or IGST wrongly paid for intra-State or inter-State shall be refunded within 2 years. The Board has received representations seeking
GST Evasion: DGGI Mumbai busts major IGST Refund Racket, Arrests one
The Directorate General of Goods and Services Tax Intelligence -Mumbai Zonal Unit (DGGI-MZU) has arrested one Shri Tejas Desai on Saturday (December 14, 2019) for fraudulently availing input tax credit of Rs. 41.15 crores without
GST Evasion: DGGI smashes yet another bastion of big time IGST Refund Scamsters
In a synchronized operation early Friday morning, DGGI teams spearheaded by Mr Dhadich knocked at the doors of some of the old masters of the game who had built empires by claiming fraudulent drawback in
Issuance of Tax Invoice/ Bill can be done with IGST to Customers for Interstate Transactions: AAR [Read Order]
The Authority on Advance Ruling (AAR) in Karnataka held that the tax invoice can be issued with Integrated Goods and Service Tax( IGST) to customers for the interstate transaction when the goods are directly dispatched
Rajasthan High Court allows IGST Refund on Ocean Freights [Read Order]
The Rajasthan High Court allowed the refund of Integrated Goods and Service Tax (IGST) on Ocean Freights. The petitioner, Mahesh oil Products filed the petition under Article 226 of the Constitution of India seeking appropriate