DGGI probe against Fake GST Bill rackets worth Rs. 1000 crore; suspects 206cr loss to Government: Arrests Mastermind
The Mumbai unit of Directorate General of GST Intelligence (DGGI) probed against the fake Goods and Services Tax (GST) bill rackets worth Rs. 1000...
![No Advance Ruling shall be pronounced in question relating to Supply undertaken Prior to Filing of Application: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-Advance-Ruling-Advance-Ruling-No-Advance-Ruling-shall-be-pronounced-No-Advance-Ruling-shall-be-pronounced-in-question-relating-to-Supply-taxscan.jpg "No Advance Ruling shall be pronounced in question relating to Supply undertaken Prior to Filing of Application: AAAR [Read Order]")
![Central Govt Extends due date of Amnesty Schemes for non-filers of GSTR-4, GSTR-9 & GSTR-10 till August 31, 2023 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/07/Central-Govt-Extends-due-date-of-Amnesty-Schemes-Central-Govt-Extends-due-date-Central-Govt-due-date-Amnesty-Schemes-non-filers-of-GSTR-4-GSTR-4-GSTR-9-GSTR-10-GST-taxscan.jpg "Central Govt Extends due date of Amnesty Schemes for non-filers of GSTR-4, GSTR-9 & GSTR-10 till August 31, 2023 [Read Notification]")
Settlement of Mutual Debt through Book Adjustment is a Valid Mode of Payment of Consideration, Input Credit is Admissible: AAR [Read Order]
The Kerala Authority for Advance Ruling (KAAR) has held that settlement of mutual debt through book adjustment is a valid mode of payment of consideration and the input credit is admissible. ...
![Settlement of Mutual Debt through Book Adjustment is a Valid Mode of Payment of Consideration, Input Credit is Admissible: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Settlement-Settlement-of-Mutual-Debt-Mutual-Debt-Valid-Mode-of-Payment-Payment-of-Consideration-Input-Credit-is-Admissible-Input-Credit-AAR-Authority-for-Advance-Ruling-taxscan.jpg "Settlement of Mutual Debt through Book Adjustment is a Valid Mode of Payment of Consideration, Input Credit is Admissible: AAR [Read Order]")
No ITC Claim against Inward Supply of Input used for Construction of Warehouse when Construction Expenses are Capitalized in Books: AAR [Read Order]
The West Bengal Authority of Advance Ruling (AAR), ruled that there can be no Input Tax Credit (ITC) claim against inward supply of input used for construction of warehouse when construction expenses...
DGGI arrests mastermind of ITC rackets operating in 14 states through 549 Fake Firms involving Bogus ITC claim of Rs. 1,047 Crores
The Directorate General of Goods and Services Tax Intelligence (DGGI) of Jaipur busts in to the Input Tax Credit (ITC) rackets operating in 14 states through 549 fake firms involving bogus ITC claim...
