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E-Way Bill provisions applicable to co-op societies registered under GST
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION No. 4107 TO BE ANSWERED ON MONDAY, MARCH 28, 2022/CHAITRA 7, 1944 (SAKA) E-WAY BILL FOR INTRA-STATE MOVEMENT...
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Ease of doing business important for widening of Tax base under GST CAIT
Confederation of All India Traders “Vyapur Bhawan” 925/1, Naiwala, karol Bagh,New Delhi-110005. Phone: +91-11-45099884, Telefax:+91-11-45032665 Date: 15th January, 2021 Ref. No.: 3391/1/50 27th March,...
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New change in GSTR-3B, table 3.1(A)
The GST Council in its 45th meeting held on 17th September, 2021 recommended to notify “Restaurant Service” under section 9(5) of the CGST Act, 2017 along with other services notified earlier such as...
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Upcoming Changes in GSTR-1, GSTR-2A, GSTR-3B
GSTN – Upcoming changes/initiatives:- ♦ SMS based NIL Return filing for GSTR-3B and GSTR-1. ♦ Improvements in GSTR-2A to show the status of filing of GSTR-1 and GSTR-3B by the supplier. ♦ To show stat...
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Imprisonment under GST is only in cases of serious nature: FM
Smt. Nirmala Sitharaman while replying on The Finance Bill 2022 in Lok Sabha. Corporate tax cut helped economy, govt & companies… In 2018-19, corporate tax collection was Rs 6.6 lakh cr. In spite of r...
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3 persons arrested in 2 cases related to fake availment & utilization of ITC
CGST, Thane Rural Commissionerate arrests three persons in two cases related to fake availment and utilization of ITC In one of the cases, two accused were arrested on the ground that they were found...
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GST Rates on Diamonds and Life Saving Medicines
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA STARRED QUESTION NO.*177 TO BE ANSWERED ON MONDAY THE 14TH MARCH, 2022 PHALGUNA 23, 1943 (SAKA) GST ON DIAMONDS AND LIFE SAVING...
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Many State Govts requested for extension of GST compensation payment period
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA STARRED QUESTION NO-170 ANSWERED ON-14/03/2022 GST COMPENSATION 170. SHRI Y.S. AVINASH REDDY: Will the Minister of FINANCE be pl...
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State and year-wise details of GST compensation given from 2017
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UN-STARRED QUESTION NO-2785 ANSWERED ON-21/03/2022 PAYMENT OF GST COMPENSATION 2785. SHRI PRADYUT BORDOLOI: SHRI KESINENI SRINIV...
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Tax on Tobacco Products
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO.2799 TO BE ANSWERED ON MONDAY THE 21ST MARCH, 2022 PHALGUNA 30, 1943 (SAKA) TAX ON TOBACCO PRODUCTS 2799....
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Bribery Case: CBI Recovers Rs. 28 Lakh Cash From Premises of DGGI Officer
CBI Conducts Searches At 5 Locations; Recovers Rs. 28 Lakh (Approx) Cash From Premises of Senior Intelligence Officer In Bribery Case of Rs. 60 Lakh CBI has conducted searches at 5 locations at the pr...
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GST fraud: CGST Ghaziabad arrested 2 persons
CGST Ghaziabad arrested 2 persons including the proprietor, of the firms involved in GST fraud of taxable value of Rs. 96.84 Cr and availment and utilization of fake ITC of approx. Rs. 5.15 Cr. PRESS...
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GST reduced from 18% to 5% for domestic Maintenance, Repair & Overhaul services
GST reduced from 18% to 5% for domestic Maintenance, Repair and Overhaul (MRO) services The average number of the passenger carried in the pre-Covid financial year (2019-20) was around 4 lakh per day....
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Maharashtra Amnesty Scheme, 2022 for GST Department
THE MAHARASHTRA STATE GOVERNMENT BUDGET SPEECH PART II DATED 11TH MARCH, 2022 BY HONOURABLE DEPUTY CHIEF MINISTER (FINANCE) SHRI AJIT PAWAR Speaker Sir, I now present Part II of the Budget before the...
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CGST Mumbai Unearths fake ITC amounting to Rs. 396.84
CGST Mumbai tightens belt, hints at prompt action and zero tolerance for GST evasion and ITC frauds Unearths fake ITC amounting to Rs.396.84 Cr, Recovers Rs. 28.65 Cr. in last 6 months The officers of...
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7 Delhi firms found involved in GST evasion of Rs 85 crore
CGST Delhi officials bust a syndicate of 7 firms in GST evasion of more than Rs 85 crore Through extensive analysis of E-way bills, CGST Delhi East Commissionerate had busted a syndicate of five firms...
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Threshold turnover of e-invoice under GST reduced
With the recent amendment made vide Notification No. 01/2022 – Central Tax dated 24-02-2022, more taxpayers will come under the ambit of compulsory issuance of e-invoice, as the threshold limit of tur...
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GST fraud of Rs. 630 crs- CGST Ghaziabad arrested 1 person
CGST Ghaziabad arrested 1 person in follow up of an earlier case which involved GST fraud of Rs. 630 crs. in value and fake ITC of approx 100 crs. by creating 50 bogus firms, using multiple PAN, mobil...
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Fake ITC & bogus billing: CGST Bhiwandi Commissionerate arrests a businessman
CGST Bhiwandi Commissionerate arrests a businessman involved in passing of fake ITC and bogus billing A businessman involved in Fake Input Tax Credit racket has been arrested by the officers of Bhiwan...
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CBI Arrests A CGST Superintendent & Inspector In Bribery Case
CBI REGISTERS A CASE AGAINST POSTAL OFFICIAL ON THE ALLEGATIONS OF MISAPPROPRIATION OF RS.1.62 CRORE (APPROX) AND CONDUCTS SEARCHES The Central Bureau of Investigation has registered a case against th...