GST Fraud: Five Arrested for filing Fake Returns
A major GST fraud has been detected by the Delhi Police where five persons are arrested for filing fake returns. The organised gang of fraudsters involved in submitting fake returns of different private firms and
GST Collection crossed Rs 1.30 lakh crore mark for the 5th time
The gross GST revenue collected in the month of February 2022 is Rs 1,33,026 crore of which CGST is Rs 24,435 crore, SGST is Rs 30,779 crore, IGST is Rs 67,471crore (including Rs 33,837 crore collected on import of goods) and cess
GST Council also recommends inserting a specific provision in IGST Act, 2017 to provide for liability to pay GST on supplier located outside India supplying Online Money Gaming to a person in India
The 51st GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman via video conferencing in New Delhi today. The meeting was also attended by Union Minister of State
GST: More than 4.3 Million Businesses filed October Returns
India has switched to the new GST regime in July 2017. As the new indirect tax reform gets 5 months older, around 4.3 million businesses have filed October monthly returns. The Government, as per the
GST Evasion of Rs. 3.25 Crore detected
The Goods and Services Tax ( GST ) department has unearthed an evasion of Rs. 3.25 crores in a surprise search conducted by the department in Madurai. A surprise visit conducted on 11 premises of
Punjab Unanimously passes GST Amendment Bill
In a recent move, the Punjab legislative assembly has unanimously passed an amendment Bill to the Punjab Goods and Services Tax ( GST ) Amendment Bill along with other important three bills such as the
Biggest GST Scam: Evasion of Rs. 2000 Cr unearthed in Karnataka
The tax department of Karnataka has arrested two persons in a GST scam worth Rs.2000 crore. The arrested persons were involved in issuing fake GST invoices to help some dealers claim input tax credit (ITC) from
Facing Glitches while Downloading GSTR-9: “Tech Team is Working to Resolve Issue,” says GST Portal
As the taxpayers are reporting issues in downloading table 8A of GSTR 9, the GST Portal as ensured that the technical team is working on the same and the issue will be resolved soon. “Can't
Tax Professionals Body suggests govt. not to delete the provisions of GST Audit by Audit Professionals
The Tax Professionals Body Bhartiya Vitta Salahakar Samiti (BVSS) in the press release suggest the government not to delete the provisions of “GST Audit by audit professionals” i.e. Chartered Accountants (CAs) and Cost and Management
CBIC extends GST Returns Due Date
In a major relief to the businesses struggling with the second wave of coronavirus pandemic ravaging the country, the Central Board of Indirect Taxes and Customs (CBIC) has extended the due date for filing of GSTR-1with information
Two Foreigners arrested in GST Evasion Case
The managing director and the general manager of a Sriperumbudur-based automotive parts manufacturing company arrested in Chennai alleging GST evasion involving nearly 40 crore rupees. The GST and Central Excise departments, after a detailed investigation,
GST Dept unearthed Scam of Rs. 62,000 Crore Last Year: CBIC Official
The GST officials in last three years, have detected a total of Rs 62,000 crore worth of Goods and Services Tax (GST) evasion (or frauds) using fake invoices during the past three years, said a
GST Council increases Rates on Various Goods and Services
The GST Council’s 47th meeting was held in Chandigarh on 28th and 29th June, 2022 under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman has increases the GST Rate on
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
Persons Applied for Enrolled as GST Practitioners shall Pass Exam within 18 Months: Govt Amends Rules [Read Notification]
In an amendment to the Central Goods and Services Tax Rules, 2017, the Government has extended the period within which the persons who are applied for the enrollment of GST Practitioners shall pass the exam