NEW DELHI: In the ongoing crackdown on fake invoicing and availing input tax credit fraudulently on a national level, the Delhi North Commissionerate detected two
Category: GST
Government blocks Rs 40,000 crore GST claims on returns mismatch – The Economic Times
NEW DELHI: The Central Board of Indirect Taxes and Customs (CBIC) has frozen tax credits of around Rs 40,000 crore as the returns did not
Just one out of 4 assessees has submitted GST audit conciliation report so far for FY18 – The Hindu BusinessLine
Last date for filing FY annual return is January 31 Three out of four Goods & Services Tax (GST) assessees have yet to submit audit
Your company’s GST refund might be blocked; operations may be investigated – The Financial Express
More than 2,000 companies are under the Income Tax Department scanner for reporting inaccurate GST returns. Prime Minister Narendra Modi’s Sabka Vikas Yojana is received
GST arrest provisions: Need for an urgent review | Business Standard Column
In case of cognizable offences (magistrate’s warrant not required) under central excise and service tax laws, competent officers were empowered to cause arrest, while in
GST–How e-invoicing under GST will help businesses in the long run – The Economic Times
By Mallikarjuna Gupta Issue of e-invoices by the taxpayers registered under GST having a turnover above Rs 500 crores has been notified on 13th Dec 2019. It is optional
GST: Five structural changes to make GST simple, stable – The Economic Times
By Pratik Jain Goods and services tax (GST), slated to be a good and simple tax, is now a toddler of 30 months. There is a consensus
Success for PM Modi’s Demonetisation and GST move? Here’s what data analytics suggests – The Financial Express
It was always disappointing that, after coming out with an initial list of 17.9 lakh persons whose post-demonetisation cash deposits in banks were not in
Finance Ministry allows 3 last dates for filing GSTR-3B for different categories of taxpayers | Deccan Herald
The finance ministry on Wednesday staggered last dates of filling GSTR-3B, a monthly return form, and has provided three dates for different categories of taxpayers,
66 lakh GST returns filed till January 20, says CBIC–Business Today
Thus, the total GSTR-3B returns filed in the month of January totalled 67.70 lakh The Central Board of Indirect Taxes & Customs (CBIC) said on Tuesday that a total of 65.65
Non-compliance in GST payments maybe burning a Rs 5 tn hole in revenues – business news – Hindustan Times
The government may be losing Rs 5 trillion in indirect tax revenue a year, amounting to 40% of its goods and services tax (GST) collection target,
Courier companies seek relief on GST E-way bill rule – The Economic Times
NEW DELHI: Courier companies such as FedEx, DHL and UPS are in a bind over delivering imported goods to customers because of a goods and services
Govt revises target for GST collections again – The Economic Times
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)
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