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Input Tax Credit

GST Evasion: Firm booked for Non-payment of Tax

The Goods and Services Tax ( GST ) department has booked 12 outlets of a firm manufacturing illegal tobacco after the same was raided by officials of...

Chairman of Ahmedabad-based Firm booked for GST Evasion

GST dept unearths Tax Fraud by Vadodara-based Firm

CBIC prescribes Procedure for Transfer of Input Tax Credit on Death of Sole Proprietor [Read...

Discounts granted must be deducted from Invoice Value to avail Input Tax Credit: AAR [Read Order]

GST Council to form Realty Rules Today

In a major relief to the realty firms, the 34th GST Council Meeting will meet today by Video Conferencing to frame realty rules. The meeting had been approved by the Election Commission. As the date...

Gold Schemes Offered to Customers not eligible for GST Input Tax Credit: AAR [Read Order]

The Maharashtra Advance Ruling Authority (AAR) has ruled that the companies cannot avail input tax credit under the GST regime in respect of Gold Schemes offered to the customers to promote business. ...

GST Scam Alert: Fraud of Rs 90 crore unearthed, One Arrested

The GST department has arrested one Rajesh Goyal, 42, a resident of New Panchwati Colony in Ghaziabad, for issuing fake invoices of more than Rs 400 crore through 50 shell companies. The office of...

GST Dept busts Evasion of Rs. 1289 Crores

The Goods and Services Tax ( GST ) department has unearthed an evasion of Rs. 1289 Crores was raised and around Rs 224 crore illegal input tax credit was availed in the last 18 months after GST regime...

GST: Companies with High Input Tax Claims under Tax Scanner

In a bid to curb tax evasion, the Central Government has initiated an investigation on the companies who claimed high input tax credit under the GST rgeime. With this, the businesses using using...

No GST on Free Samples, Post-Sale Discounts: CBIC [Read Circular]

The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular clarifying the leviability of GST on sales promotion schemes such as free samples, discounts, buy one get one sales etc. ...

NAA confirms Anti-Profiteering Charges against Haryana Realtor Firm [Read Order]

The National Anti-profiteering Authority (NAA) has recently confirmed GST anti-profiteering charges against a Haryana based real estate firm for profiteering over 1.5 crores as it failed to reduce the...

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