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ICAI Suggestions on Draft Form GSTR-3B
01. Details connecting to proposed Table 14 of Form GSTR-1 are not available for comment Para 2 (a) of the instructions contained in Annexure-B of the concept paper mentions that figures will be auto-...
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Better utilize AI, data-analytics & other technologies to identify tax evasion
Finance and Corporate Affairs Minister inaugurates ‘Kendriya GST Parisar’ residential complex for CGST officers at Kharghar, Navi Mumbai We need to better utilize AI, data-analytics, IoT and other tec...
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GST Council Newsletter for the month of August, 2022
GST Revenue collection for August, 2022 ₹1,43,612 crore gross GST revenue collected in the month of August, 2022 The gross GST revenue collected in the month of August, 2022 is ₹1,43,612 crore of whic...
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No further extension of Maharashtra Amnesty Scheme 2022
office of the Jt. Commissioner of State Tax. (HQ-1) F-Wing, 7th floor, New bldg, GST Bhavan, Mazgaon, Mumbai-400010. Tel No. 022 23760916/23760757 To, The President, The Goods and Services Tax Practit...
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E-Waybill for Gold provisioned in e-Waybill system
E-Waybill for Gold has been provisioned in the e-Waybill system. As per the notification issued by their respective states, the taxpayers may generate e-Waybill for Gold (comprising items belonging to...
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8 New Functionalities for Taxpayers on GST Portal (August, 2022)
New Functionalities made available for Taxpayers on GST Portal in August, 2022 includes Enabling CORE Amendment Link For Taxpayers who fail To Update Bank account, Changes implemented in Form GSTR-3B,...
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Repeated Arrest of GST Officials by Local Police: Commissioner writes to Chief Secretary
Government of India Ministry of Finance Department of Revenue Office of the Chief Commissioner, Goods and Services Tax & Customs, Guwahati Zone. GST Bhawan, 5th Floor, Kedar Road, Guwahati-781001 Tel....
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Fake ITC on bogus invoices – Navi Mumbai CGST arrests one person
Navi Mumbai CGST arrests one person for availing and passing on fake ITC on bogus invoices amounting to Rs 181.67 Crores On 7th September 2022, the Director handling the business activities of M/s Rob...
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CGST Mumbai busts Rs. 142 Crore fake GST invoice racket
One person arrested in the case Officers of CGST Mumbai South Commissionerate have busted a fake GST invoice racket, which was used to pass on fake GST Input Tax Credit (ITC) of Rs. 27.80 crore on inv...
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Monthly GST revenues exceeds ₹ 1.4 lakh crore for sixth months in a row
₹ 1,43,612 crore gross GST revenue collected in the month of August 2022 Revenues for the month of August 2022 28% higher than the GST revenues in the same month in 2021 Monthly GST revenues more than...
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Govt to investigate fraudulent misuse of PAN for GST registration
Recent reports in a section of the media have highlighted a case of Sh. Girish Yadav, a resident of Khagaria, Bihar having received a letter from the jurisdictional GST authorities for recovery of GST...
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Representation on RCM on Residential Property, GTA Declaration & GST Appeal
Maharashtra Tax Practitioners’ Association has made a representation on Confusion related to Levy of GST under RCM on Residential Property, Rejection of Appeal for non-submission of Certified copy of...
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CGST Navi Mumbai arrests one for availing & passing on fake ITC
On 18th August 2022, the Proprietor/mastermind handling the business activities of M/s Mass Steel Traders (GSTIN:27BONPS7020E1ZS), M/s S.K. Enterprises (GSTIN:27DBKPK2919Q1Z1), M/s M K Traders (GSTIN:...
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CGST Bhiwandi arrests 2 persons for bogus invoices of Rs. 55 crore
CGST Bhiwandi Commissionerate arrests two persons for availing and passing on fake ITC on bogus invoices of Rs. 55 crore Officers of CGST Bhiwandi Commissionerate in Mumbai Zone have busted two separa...
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Claim of 18% GST on house rent for tenants is Misleading: Govt
Govt clarified on 18% GST on house rent for tenants as follows:- – Renting of residential unit taxable only when it is rented to business entity – No GST when it is rented to private person for person...
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CGST Mumbai (South) Commissionerate busts Rs. 455 Crore fake GST invoice racket
In a press statement issued by the office the Principal Commissioner of CGST and CX, Mumbai (South) has informed that – Officers of CGST Mumbai South Commissionerate have busted a fake GST invoice rac...
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New Functionalities for Taxpayers on GST Portal (July, 2022)
1. GST Registration 1 Allow taxpayer to enter multiple trade names Earlier only a single Trade Name was being captured during New Registrations and subsequent amendment in core field for Normal Taxpay...
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GST payable on interest component of EMI of Credit Card loan: Calcutta HC
HIGH COURT OF CALCUTTA: Ramesh Kumar Patodia v. Citi Bank [WPO NO. 547 OF 2019 JUNE 24, 2022 ] Facts: ♦ Petitioner is a holder of a valid Citi Bank Credit Card issued by the respondent no. 1/Bank. He...
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GST Council Newsletter for the month of July, 2022
GST Revenue collection for July, 2022 ₹1,48,995 crore gross GST revenue collected in the month of July, 2022 The gross GST revenue collected in the month of July, 2022 is ₹1,48,995 crore of which CGST...
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No GST on ‘Sarais’ run by religious/charitable trusts
GST has recently been imposed with effect from 18 July, 2022. Certain sections of the media and social media are spreading the message that GST has recently been imposed with effect from 18 July, 2022...