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GST Commissionerate detects Rs 40.5 crores GST evasion by Wazir X
Mumbai GST Commissionerate detects Rs 40.5 crores GST evasion by Cryptocurrency Exchange Wazir XRecovers Rs 49.20 crores in cash including interest and penaltyThe GST Mumbai East Commissionerate of Mu...
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GST council decides to not to increase GST Rate on Textile & Maintain Status Quo
46th GST Council Meeting was a brief meeting with only one agenda which was triggered by a letter written to Union Finance Minister Smt. Nirmala Sitharaman by FM of Gujarat requesting reconsideration...
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GST Council to meet physically on 31st Dec 2021 at 11 AM
As per Sources GST Council is expected to meet physically on 31st December 2021 at 11 AM and it may discuss deferment of hike in GST rates on Textiles & footwear below Rs. 1000 –GST Council in its 45t...
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Request to extend due date for submission of FORM GSTR-9, 9A & 9C
Tax Bar Association, Bhilwara has made a Request to extend due date for submission of FORM GSTR-9, GSTR 9A and GSTR 9C under GST for the FY 2020-21 by two Months i.e. up-to 28th February, 2022, so tha...
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DGGI seizes more than Rs 177 crore in Kanpur search operations
DGGI Ahmedabad seizes more than Rs 177 crore in Kanpur search operations Search operations in related premises continue with recovery of Rs 17 crore, 64 kg gold and 600 kg sandalwood oil worth Rs 6 cr...
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Levy of 12% GST on Textiles : Request for deferment of implementation
Confederation of All India Traders requested for deferment of implementation of levy of 12% GST on Textiles. As according to them increase in GST Rate on Textile is illogical and beyond the canon of G...
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CBIC clarifies on Explanation added in Section 75(12) of CGST Act
CBIC clarifies on twitter on Explanation added in Section 75(12) of CGST Act vide Finance Act, 2021 with effect from 01.01.2022 which was notified vide Notification No. 39/2021–Central Tax | Dated: 21...
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GST: DGGI, Ahmedabad Initiated Search Operations In Kanpur
Officers Of Directorate General Of GST Intelligence (DGGI), Ahmedabad With The Support Of Officers Of Local Central GST Initiated Search Operations In Kanpur On specific intelligence, officers of Dire...
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Govt reduces GST Rate on Ethanol to 5% from 18%
TAX BREAKS ON ETHANOL | The Government has lowered Goods and Services Tax rate to 5% from 18% on ethanol meant for blending under the Ethanol Blended Petrol (EBP) Programme The Minister of State for P...
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CGST officers arrest CA for generating fake ITC of Rs. 92 crores
CGST officers arrest Chartered Accountant for generating fake input tax credit to the tune of Rs. 92 crores. Case involves fake invoice of more than Rs. 500 crores. The officers of CGST, Thane (Rural)...
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10 IGST/Custom Duty Relief Measure to fight against Covid-19
1. IGST exempted on Import of drug used for treatment of black fungus IGST exempted on import of Amphotericin B (the drug required for treating Mucormycosis fungal infection) if imported either free o...
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CGST, Mumbai busts fictitious entities availing ITC against Fake Invoices
CGST, Mumbai busts fictitious entities availing Input Tax Credit against Fake Invoices; fraudulent transaction of Rs. 6.23 Crore Special Drive detects Tax Evasion of Rs. 3,500 Crore so far; Rs. 460 Cr...
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CBI Arrests a CGST Superintendent In a Bribery Case
CENTRAL BUREAU OF INVESTIGATION CBI ARRESTS A SUPERINTENDENT OF CGST IN A BRIBERY CASE Press Release | Dated: 11.12.2021 The Central Bureau of Investigation has arrested a Superintendent of CGST, Amar...
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CGST Mumbai Central Commissionerate busts a racket of fake ITC generators
The officers of CGST Mumbai Central Commissionerate have smashed a racket of fake Input Tax Credit (ITC) generators, who had been passing this fake ITC to the tune of Rs. 35 crores to various entities...
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Features of the new tax information portal launched by CBIC
Introduction CBIC has launched a revamped tax information portal https://taxinformation.cbic.gov.in/. With the help of this portal, all indirect tax legislations, rules, regulations and forms will be...
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Payment of GST compensation to States in times of COVID-19 pandemic
As per the provisions of the GST (Compensation to States) Act, 2017, GST compensation for financial years 2017-18, 2018-19 and 2019-20 has already been paid to the States. This was stated by Union Min...
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GST Compliance Burden on Food Delivery Applications & Restaurants
From January 1, 2022, Food delivery apps will primarily collect5% GST with the government, on behalf of the restaurants, for deliveries made by these platforms. This has been proposed by the governmen...
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Fake ITC worth Rs. 12 crores busted by Thane CGST; One Arrested
Fake Input Tax Credit racket worth Rs. 12 crores busted by Thane CGST; One Arrested The officers of CGST Thane Commissionerate acting on specific intelligence developed by CIU, Mumbai CGST Zone, booke...
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Tax Discussion in the Parliament on 25.11.2021
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO. 53 TO BE ANSWERED ON MONDAY, THE 29th NOVEMBER, 2021 AGRAHAYANA 8, 1943 (SAKA) ‘Tax on Multinational Comp...
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New Functionalities for Taxpayers on GST Portal (July-September, 2021)
New Functionalities made available for Taxpayers for July-September, 2021 on GST Portal related to GST Returns, Registration etc. which includes Extension of time limit for filing application for revo...