GST Revenue collection for April’ 21 sets new record
The gross GST revenue chttps://www.taxscan.in/tag/gst-revenue/ollected in the month of April’ 2021 is at a record high of Rs. 1,41,384 crore of which CGST is Rs. 27,837 crore, SGST is Rs. 35,621, IGST is Rs 68,481 crore (including Rs. 29,599 crore collected on
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
Chartered Accountant and Advocate arrested for evading GST of Rs. 50 Crore
Three persons including a Chartered Accountant and an Advocate arrested in Noida on Monday for allegedly evading Rs 50 crore of Goods and Services Tax (GST). The three were arrested from their office in Noida
GST Audit for FY 2019-20: Points to remember while filing GST Annual Return, Reconciliation Statement
The GSTR 9C is an annual audit form for all the taxpayers having the turnover above 2 crores in a particular financial year. Along with the GSTR 9C audit form, the taxpayer will also have
CBIC Invites EOI from CA/CMAs and Firms for Conducting Special Audit u/s 66 of GST Act
The Commissioner, CGST & C. Ex., Audit-1 Delhi, Central Board of Indirect Taxes and Customs (CBIC), has invited online Expression of Interest (EOI) for empanelment of Chartered Accountants, Chartered Accountant firms, Cost Accountants and Cost
NAA orders probe into all Impacted Products supplied by Phillips India [Read Order]
The National Anti-Profiteering Authority (NAA) in an order highlighting the complexities involved in enforcing the anti-profiteering provisions in the Goods and Services Tax (GST) law, the National Anti-profiteering Authority (NAA) has ordered a probe into
Journey of Five Years of GST – An Analysis
GST law is implemented in our Country with effect from 01.07.2017. It is now five years have been completed since the introduction of this new law. In these five years, we have seen many ups
Total 1.21 Businesses registered under GST, says GSTN Chief
Prakash Kumar, the CEO of the Goods and Services Tax Network (GSTN), on Friday, said that a total of 1.21 crore businesses have been registered under the new GST regime rolled out from 1st July
GSTN enables generating system computed Liability for GSTR-3B, on the basis of GSTR-1 filed by the Taxpayers
The Goods and Services Tax Network ( GSTN ) has enabled the System computed GSTR-3B (Table-3 for liabilities) on the basis of GSTR-1 filed by taxpayers now available on the GST portal for monthly GSTR-1
GST: All about Rule 36 (4)
No doubt, the persons dealing with GST, be the taxpayers or the practitioners would loose around 10 years of their life due to the pressure which they undergo in keeping track of all notifications, circulars
Karnataka Tax Authorities Exposes ₹64 Crore ITC Scam Tied to Scrap Dealers
The Karnataka Commercial Taxes Department has successfully exposed a significant tax evasion scheme related to Input Tax Credit (ITC), involving the issuance of counterfeit invoices. The alleged fraud centres around scrap dealers who are accused
Govt still working on GST Network, says Telangana Secretary
The Telangana government official, while inaugurating a national conclave on GST organised by Assocham said that the work on Goods and Services Tax Network ( GSTN ) is not over. Goods and Service Tax (GST)
Case Digest on IGST Refund
Under GST, Exports and supplies to SEZ are zero rated as per section 16 of the IGST Act, 2017. By zero rating it is meant that the entire supply chain of a particular zero-rated supply
GSTN provides New Features in Returns
The Goods and Services Tax Network (GSTN) has added some new features in Form GSTR 1 and GSTR 5. As per a communication issued by the portal, a field to enter cess amount paid on
GST Dept cannot Refuse to Release Goods and Conveyance Once Assessee Complies with Provisions of S. 129 (1)(c): Kerala HC [Read Order]
The Kerala High Court has held that the GST department cannot refuse to release the goods and conveyance once the assessee has complied with the requirements under section 129 (1)(c) of the Central Goods and