The Central Board of Indirect Taxes and Customs ( CBIC ) has issued clarifications in respect of issues under GST law for companies under the Insolvency and Bankruptcy Code, 2016 (IBC) in connection with the...
The Central Board of Indirect Taxes and Customs ( CBIC ) has issued Clarification in respect of apportionment of ITC in cases of business reorganization (events of the merger, demerger, amalgamation or change in constitution/ownership...
The Central Board of Indirect Taxes and Customs (CBIC) notified the Central Goods and Service Tax (CGST Third Amendment) Rules, 2020. The Department of Revenue under the Ministry of Finance issued the notification on March...
The Central Goods and Services Tax ( CGST ), Meerut has busted firm for claiming the bogus Input Tax Credit ( ITC ) worth Rs. 281 crores. In an investigation led by CGST Meerut team...
Following the merger of two union territories, Dadra and Nagar Haveli & Daman and Diu, the Central Board of Indirect Taxes and Customs ( CBIC ) has notified a special procedure for the registered persons...
Officers of Anti-Evasion, Central GST Commissionerate, Delhi East, have unravelled an operation involving availing of fraudulent Input Tax Credit on the basis of fake invoices and evasion of GST by utilizing the said fraudulent ITC...
A large number of proprietorship/partnership firms registered with Gautam Buddha Nagar and other Commissionerates of Delhi NCR which were apparently connected and had claimed a huge amount of refunds against accumulated Input Tax Credit (ITC)...
The penalty imposed by the National Anti-Profiteering Authority (NAA) on non-passing of the benefit of tax reduction is not violative of the fundamental right i.e. Right to Trade/ Business Decision. The anti-profiteering watchdog was considering...
The National Anti-Profiteering Authority (NAA) held that the unchanged base price of the product despite a change in the tax rate is not violative of Section 171 of Central Goods and Service Tax (CGST) Act,...
GST was implemented in our country from 1st of July 2017, bypassing the GST Act in the parliament on the 29th of March 2017. The main object of GST was to implement a simple tax...
The Orissa High Court has granted the bail to the mastermind for the alleged misappropriation of INR 138 Crores in the multi-crore Goods and Service Tax GST Fraud case. Atul Bansal, the kingpin and the...
The Authority for Advance Ruling (AAR), Madhya Pradesh has held that the ITC is not admissible on the goods and services received and used in the construction of warehouse used for letting out on rent...
The National Anti- Profiteering Authority (NAA) has directed to deposit profiteered amount in consumer welfare fund due to unidentified recipient. An application was received by the Standing Committee on Anti-Profiteering under Rule 128 of the...
The National Anti-Profiteering Authority (NAPA) directed the Central Goods and Service Tax (CGST) or State Goods and Service Tax (SGST) Commissioners to ensure the profiteering amount is passed to all the eligible buyers of the...
The DGGI (Hqrs.) booked a case on 06.03.2020 against M/s Aastha Apparels Pvt Ltd & others. Aforesaid companies have fraudulently claimed IGST refunds on the export of goods to the tune of more than Rs....
The National Anti-Profiteering Authority (NAA) has directed DGAP to investigate profiteering allegations on the supply of construction services under Pradhan Mantri Aawas Yojna (PMAY). The Applicant No. 1 had filed application before the Standing Committee...
The Directorate General of GST Intelligence ( DGGI ) Headquarters booked a case on 3rd March 2020 against M/s Fortune Graphics Limited, M/s Reema Polychem Private Limited & M/s Ganpati Enterprises case against 3 Firms...
The officers of Anti Evasion wing of Central Tax, Delhi West Commissionerate have busted a major racket of fake invoicing of Rs.7896 crores involving fraudulent Input Tax Credit (ITC) of Rs.1709 crores, using a network...
The National Anti-Profiteering Authority (NAA) held that Supertech limited not guilty of profiteering ratio of Input Tax Credit to turnover in a post- GST period was lower than the pre-GST period The brief facts of...
The Supreme Court of India has upheld the Punjab and Haryana High Court order directing the GST Department to Re-Open the facility to file or revise GST Tran-1 either electronically or manually. The Punjab and...
The CGST Delhi East has busted the Fake Invoice Racket worth Rs. 436 crores. Officers of Anti-Evasion, Central GST Delhi East Commissionerate have unraveled a major operation of Circular Trading, involving the use of fake invoices...
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