NEW DELHI: To augment collections amid growing concerns over missing the budgeted estimates, the government has reset the target for goods and service tax (GST)
Category: GST
Illegal gold movement: Anti evasion wing of Mumbai Central GST busts major illegal gold movement channel – The Economic Times
Mumbai: The anti evasion wing of Mumbai Central GST has busted a “major illegal gold movement channel,” the GST Mumbai Central Commissionerate tweeted Friday evening. The wing seized gold jewellery and precious stones valued at Rs
Needed: GST 2.0 to bring back the mojo | Deccan Herald
A press release issued after the recent meeting of the GST Council stated that amendments to the GST laws would be made in Budget 2020. This year, GST would be in
How to catch tax theives: Use tech more aggressively! – The Financial Express
Making it mandatory for all current accounts to be linked to a GST number is also an important step in catching evasion. On the face
Tax: GST’s promise of one nation, one tax. Has it delivered? – The Economic Times
For a developer and everyone else associated with the real estate sector, this breaks the entire chain of GST and goes against the very character
Breather for MSME sector – NEWS – The Hindu BusinessLine
GST refund dues will be paid within 30 days Micro, Small and Medium Enterprises (MSMEs) have got some relief with Finance Minister Nrimala Sitharaman announcing
Budget 2020: Assocham seeks debt rollover, tax reduction for MSMEs, GST rate cuts to steer growth
Industry chamber Assocham has asked prime minister Narendra Modi-led government to expand the tax rationalisation measures that it has taken to help big corporate entities
Assocham for cut in GST rates by 25 pc across board | Deccan Herald
The industry body said that it is not the time to worry about the widening fiscal deficit as in the current circumstances, deficit financing will
GST–Over 1,200 exporters untraceable; government saves Rs 350 crore fake IGST refund – The Economic Times
Over 800 entities have been interdicted during the last five months while exporting overvalued merchandise of Rs 1,500 crore to claim fake IGST refunds have
GST may not have been revenue-neutral | The Indian Express
Theoretically, GST should have been revenue-neutral In theory, the shift to GST made eminent sense. It would bring about uniformity in tax rates across the
budget news: Budget may make faking input tax non-bailable crime for buyers too – The Economic Times
NEW DELHI: The government is likely to make fraudulent claims for input tax credit a non-bailable offence in the hands of recipients of goods and
Reliance Home Investors: Reliance Home investors plan more actions to recover dues – The Economic Times
MUMBAI: Some bond investors at Reliance Home Finance are considering multiple options, including a complaint to the regulator of audit firms, to ensure recovery of
GST Input Tax Credit on capital goods: How to claim, meaning, depreciation; all you need to know – The Financial Express
Tanvi Loond Chopra Input tax credit means credit of Input tax i.e. tax levied on input goods, input services or both. Any goods (including capital
Banks, telcos, insurers may be exempted from GST e-invoices – The Economic Times
New Delhi: Banks, airlines, insurance companies, armed forces and telecom service providers are likely to be exempted from mandatory issuing of e-invoices under goods and
GST Fraud: Government detects 931 GST fraud cases using this technology – The Financial Express
GST formations have booked 6,641 cases involving 7,164 entities till November last year and have so far recovered around Rs 1,057 crore. The Department of
Beware! GST frauds won’t go unnoticed with data analytics; 931 cases identified–Business Today
Maximum numbers of ITC frauds cases have been booked in Kolkata zone The government has identified 931 cases of fraudulent GST refund claims through data
Checking fraud in revenue leakage | Business Standard Column
Last Tuesday, top officials of the goods and services tax (GST) administrations at Centre and states had met. The idea was to deliberate on streamlining,
‘लाखोत्तरी’ जीएसटीनंतरचे प्रश्न |लोकसत्ता
सलग दुसऱ्या महिन्यात वस्तू व सेवा कर (जीएसटी) संकलन १ लाख कोटी रुपयांच्या वर जाणे हा विद्यमान परिस्थितीत केंद्र सरकारच्या दृष्टीने दिलासाच ठरतो. परंतु तेवढय़ा
GST authorities begin audit exercise: Issue show cause notices – The Economic Times
New Delhi: India Inc is set to face first ever tax audit under the goods and services tax (GST) regime. The GST authorities have begun
Nine-point plan firmed up to plug GST revenue leaks – The Economic Times
New Delhi: A nine-point plan has been firmed up to plug revenue leakages under the goods and services tax regime. It includes setting up a
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