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Judgment of SC not alter constitutional mechanism of GST Council
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE RAJYA SABHA UNSTARRED QUESTION NO. 203 ANSWERED ON – 19.07.2022 Judgement of Supreme Court on the GST Council 203 Dr. Amar Patnaik: Will t...
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CGST Mumbai South Commissionerate busts Rs. 185 Crore fake GST invoice racket
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 around Rs. 22 crore on bogus invoices of Rs 185 Crores...
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CAIT requests for withdrawal of 5% GST on unbranded Food grains
CAIT has demanded that the 5 percent GST tax on unbranded food grains and other items should be withdrawn immediately and for this purpose GST Council should call an emergency meeting. In this regard...
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FM clarifies on GST on pre-packed or pre-labeled Food Items on Twitter
The GST Council has exempt from GST, all items specified below in the list, when sold loose, and not pre-packed or pre-labeled. They will not attract any GST. The decision is of the GST Council and no...
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Request to clarify on GST on ‘pre-packaged & labelled’ goods
Representation Letter to CBIC seeking clarification on GST on per-packaged labelled food items Date: July 16, 2022 To, The Chairman, Central Board of Indirect Taxes & Customs, New Delhi Respected Sir,...
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Comprehensive changes in FORM GSTR-3B
A proposal of comprehensive changes in FORM GSTR-3B was deliberated by the GST Council in its 47th meeting held at Chandigarh on 28th and 29th June 2022. The Council recommended that the said proposal...
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GST Fraud of Rs 52.04 crore – DGGI Gurugram arrests one person
DGGI Gurugram arrests one person for fraudulently availing ITC and evading GST of Rs 52.04 crore The Gurugram Zonal Unit (GZU) of Directorate General of GST Intelligence (DGGI), has arrested one perso...
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Negative balance in cash ledgers of composition taxpayers nullified
Goods and Services Tax Removal of negative balance in cash ledgers of some composition taxpayers 08/07/2022 Due to the reversal of amount in the cash ledger of some composition taxpayers, the balance...
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GST Council Newsletter for the month of June, 2022
The 47th GST Council met under the chairmanship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in Chandigarh on 28th and 29th of June, 2022. The meeting was also attended by...
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DGGI-MZU busts Fake GST ITC of ₹35.11 Crores
The Mumbai Zonal Unit of the Directorate General of GST Intelligence [DGGI-MZU] on Saturday, 2 July 2022 arrested Amanpuneet Singh Kohli, Director of M/s. Immensa Multiventures Pvt. Ltd. and six other...
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GSTN advisories does not carry any legal binding on CBIC- RTI Reply
GOODS AND SERVICES TAX NETWORK File No. CPIO/RTI/2022/GSTN/109 Dated: 23-06-2022 To, Shri Ram Bajaj, Sub: Your RTI Application No. CRECE/R/T/22/00612 and CBECE/R/T/22/00613 and CBECE/R/T/22/00613 date...
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74th CA Day celebrated in India and across 48 countries
Public Relations Committee The Institute of Chartered Accountants of India 1st July 2022 ICAI Press Release Chartered Accountants from India and across 48 countries celebrated 74th Chartered Accountan...
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CBIC honours taxpayers contributing to the GST success story
Ministry of Finance Fifth GST Day with vision [email protected] साधन, देश के सर्वांगीण विकास का celebrated at New Delhi Union Finance Minister Smt. Nirmala Sitharaman presides over as Chief Guest on t...
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₹1,44,616 crore gross GST Revenue collection for June 2022; increase of 56% year-on-year
Gross GST collection in June 2022 is the second highest collection next to the April 2022 collection GST collection crosses ₹1.40 lakh crore mark 5th time since inception of GST; 4th month at a stretc...
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ICAI Suggestions regarding Removal of Difficulties Order, 2022
The Institute of Chartered Accountants of India Suggestions regarding Removal of Difficulties Order, 2022 Suggestions regarding Removal of Difficulties Order, 2022 Introduction The power to remove dif...
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Recommendations of 47th GST Council Meeting
GoM on Casino, Race Course and Online Gaming to re-examine the issues based on further inputs from States and submit its report within a short duration GoM to be constituted to address various concern...
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Online gaming may become expensive: 47th GST Council Meet
Tax on online gaming is charged on GGR/comission received. However it has been proposed by GoM that the same shall be taxed on full contest amount. Example- A gaming company receives Rs. 100 from its...
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47th GST Council Meeting Expected Agenda
The two-day GST Council meet on 28th and 29th of June in Chandigarh is likely to deliberate upon a various agenda. The main aim will be to ease compliance burden, promote small businesses and increase...
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IRS officer Nitin Gupta appointed as New CBDT Chairman
No.31/1/2022-EO(SM-II) Government of India Ministry of Personnel, Public Grievances & Pensions Department of Personnel & Training Secretarial of the Appointments Committee of the Cabinet North Block,...
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Online gaming may become expensive: 47th GST Council Meet
Tax on online gaming is charged on GGR/comission received. However it has been proposed by GoM that the same shall be taxed on full contest amount. Example- A gaming company receives Rs. 100 from its...