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GST Council Newsletter for the month of February, 2022
GST Revenue collection for February, 2022 Rs. 1,33,026 crore Gross GST Revenue collected for February, 2022 The gross GST revenue collected in the month of February, 2022 is Rs. 1,33,026 crore of whic...
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CBI arrests A CA & A Joint Commissioner CGST in alleged bribery case
CBI ARRESTS A CHARTERED ACCOUNTANT AND A JOINT COMMISSIONER IN AN ALLEGED BRIBERY OF RS.FOUR LAKH; RECOVERS CASH OF RS.7.4 LAKH(APPROX) The Central Bureau of Investigation has arrested a Chartered Acc...
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29 year old man arrested for involvement in fake GST ITC racket
CGST Commissionerate, Raigad arrests 29 year old involved in fake GST Input Tax Credit racket As a part of the special Anti-Evasion drive launched by CGST, Mumbai Zone against the fraudsters and tax e...
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Exporter arrested for GST fraud
The officers of Anti Evasion wing of Thane CGST Commissionerate of Mumbai zone have arrested an exporter who is Director of a Private Limited Company, for fraudulently claiming GST Input Tax Credit (I...
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Geo-location enabled for for new GST registration & amendment
GSTN enabled a new feature of Geo-location for new registration and amendment of address for existing registration The Goods and Services Tax Network (GSTN) has enabled new feature of Geo-location for...
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Tax payers with turnover between Rs. 20 Cr to Rs. 50 Cr enabled for testing on Sandbox
As per the notification No. 01/2022-Central Tax Dated :24-02-2022, e-Invoicing is mandatory for the taxpayers with annual turnover more than Rs.20 crores from 1st April 2022. The taxpayer can check hi...
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CGST Comm. Ghaziabad arrests 2 for alleged involvement in GST Fraud
PRESS NOTE CENTRAL GST COMMISSIONERATE, GHAZIABAD ARRESTS TWO PERSONS INVOLVED IN GST FRAUD OF TAXABLE VALUE OF RS. 96.84 CRORES AND AVAILMENT AND UTILIZATION OF FAKE INPUT TAX CREDIT OF RS. 5.15 CROR...
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7 Important Upcoming GST System Enhancement
1. GST Returns -Questionnaire Based NIL Filing of GSTR1: 2 steps filing -Changes in GSTR-3B to capture 9(5) supplies e-Commerce -Mandatory HSN codes in table 12 of GSTR-1 -e —invoice JSON download/API...
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Rs 1,33,026 crore Gross GST Revenue collected for February 2022
GST collection crossed Rs 1.30 lakh crore mark for the 5th time Revenues for the month of February 2022 18% higher than the GST revenues in the same month last year and 26% higher than the GST revenue...
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Request for Extension of Due Dates for Filing of GSTR-9 & GSTR-9C
AIMTPA made a Request for Extension of Due Dates for Filing of GST Annual Return, GSTR-9 and GSTR-9C – Self Certified Audit to Honorable Smt. Nirmala Sitharaman ji, Finance Minister, Finance Ministry...
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Declaration Form – Peer Review Mandate – Phase I
Peer Review Board The Institute of Chartered Accountants of India 25th February, 2022 ANNOUNCEMENT DECLARATION FORM Peer Review Mandate – Phase I In furtherance to the Announcement ‘Peer Review Mandat...
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Merit-cum-Means Assistance (Company Secretaryship Course) Scheme, 1983
THE INSTITUTE OF Company Secretaries of India IN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of Parliament (Under the jurisdiction of Ministry of Corporate Affairs) File No.205:Exam...
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ICAI seek exemption from levy of late fee on GSTR 9 & 9C
CA. Rajendra Kumar P has informed on twitter that In the interest of Trade and Industry Representation has been made by Institute of Chartered Accountants of India seeking exemption from levy of late...
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2 held for issuing fake invoices of over Rs 200 crore
2 held by Faridabad CGST Commissionerate for issuing fake invoices of over Rs 200 crore and availing involving fraudulent ITC of Rs 31.85 crore Central Goods and Services Tax (CGST) Commissionerate, F...
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Fake invoicing racket of Rs 611 crore busted
Delhi South CGST unearths fake invoicing racket of Rs 611 crore involving tax evasion of 38.5 crore A specific intelligence was developed by the officers of Delhi South CGST Commissionerate concerning...
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Request to extend due date for submission of FORM GSTR-9, 9A & 9C
Sales Tax Bar Association (Regd.) STBA/2022/65 February 21, 2022 Hon’ble Nirmala Sitharaman Jee, Finance Minister of India, Ministry of Finance, Govt. of India, North Block, New Delhi-110001. Subject:...
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Waiver of late fees for non-filing of annual return (GSTR-4) by composition dealers
Dear professional colleagues, A representation has been sent to CBIC requesting Waiver of late fees for non- filing of annual return ( GSTR-4) by composition dealers. We understand that many of your c...
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GSTN enabled facility for filing LUT for FY 2022-23 on GST Portal
The Goods and Services Tax Network (GSTN) has enabled facility for filing Letter of Understanding (LUT) for FY 2022-23 on GST Portal for taxpayers. LUT application is required to be completed before M...
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Fake GST Input Tax Credit racket of Rs. 81 crores busted
CGST Commissionerate, Belapur busts fake GST Input Tax Credit racket of Rs. 81 crores As part of a special Anti-Evasion drive launched by CGST Mumbai Zone, CGST Commissionerate, Belapur arrested one o...
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CGST Commissionerate, Raigad of CGST Mumbai Zone busts a fake ITC racket
Case is a part of special Anti-Evasion drive launched by CGST CGST Commissionerate, Raigad of CGST Mumbai Zone has busted a fake ITC racket and arrested the proprietor of a Kalamboli based firm M/s. A...