Category: GST

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/no-proposal-for-scrutiny-of-gst-assessment-in-faceless-mode-mos-anurag-singh-thakur/articleshow/81543598.cmsSynopsis Income tax assessments are being done in a faceless manner except in certain conditions and till March 10, a total of 82,072 assessment

Clipped from: https://www.thehindubusinessline.com/economy/hc-orders-release-of-bank-accounts-belonging-to-family-members-of-a-gst-assessee/article34073537.ece?homepage=true Bombay HC rules it is a serious invasion into the private domain of the taxpayer Bank accounts of  family members of a GST

Clipped from: https://timesofindia.indiatimes.com/city/ahmedabad/state-reports-4th-highest-gst-fraud/articleshow/81418760.cms AHMEDABAD: With rising number of fake billing scams and those involving illicit claiming of input tax credit (ITC), Gujarat reported fourth highest number

Clipped from: https://timesofindia.indiatimes.com/city/ahmedabad/cloth-trader-hangs-self-after-gst-notice/articleshow/80159137.cms AHMEDABAD: A 50-year-old cloth trader from Isanpur, Bharat Chandel, committed suicide on Wednesday afternoon at his house by hanging himself.Isanpur police which is

Clipped from: https://www.financialexpress.com/economy/dggi-nagpur-unit-busts-fake-gst-invoice-network-in-delhi-ncr/2211495/ In the first fake invoice network, six of these 11 NCR-based entities had made bogus transactions of goods with the Nashik- and Dhule-based

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/a-proposed-gst-amendment-may-severely-impact-indian-exporters/articleshow/81360362.cms SynopsisAn amendment to Section 16 of the IGST Act may seem harmless, but is capable of having a deep and far-reaching implication for

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/gst-authorities-ask-field-units-to-ramp-up-collections-identify-defaulting-taxpayers/articleshow/81464901.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Experts said that it being the last month of the fiscal year, revenue authorities across jurisdictions are working to garner as much revenue

Clipped from: https://www.thehindu.com/news/cities/Coimbatore/one-arrested-for-gst-evasion/article34031080.ece Officials of the Directorate General of GST Intelligence, Zonal Unit, Coimbatore, conducted simultaneous search on March 8 at residence and business premises of

Clipped from: https://www.thehindu.com/todays-paper/tp-national/tp-tamilnadu/scrap-dealer-two-others-held-for-rs-58-crore-gst-credit-fraud/article34049427.ece The arrested persons issued fake invoices to the extent of Rs. 423.2 crore The Chennai Outer Commissionerate has arrested a scrap dealer from

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/companies-opt-for-tax-settlement-scheme-face-probe/articleshow/81384578.cms SynopsisSabka Vishwas (Legacy Dispute Resolution) Scheme, or SVLDR, was introduced to clear the backlog of erstwhile indirect tax disputes for companies to get

Clipped from: https://www.thehindubusinessline.com/economy/gujarat-hc-directs-gst-authority-to-allowpetitioner-to-rectify-entries-in-form-gstr-3b/article34044452.ece Says the authority is in the habit of raising technical issues leading to ‘unnecessary litigations’ The Gujarat High Court has come down heavily

Clipped from: https://economictimes.indiatimes.com/news/politics-and-nation/gst-officers-arrest-357-persons-since-mid-nov-for-fake-invoice-fraud/articleshow/81413426.cmsSynopsis Since mid-November, 3,500 cases have been booked and 10,400 fake GSTIN entities have been unearthed by GST intelligence and Central GST officers so

Clipped from: https://www.business-standard.com/article/economy-policy/gst-fraud-of-rs-20-124-cr-detected-during-nov-9-jan-31-fm-121030901115_1.html A nationwide special drive against unscrupulous entities for availing and passing on Input Tax Credit fraudulently is being carried out, FM said in

Clipped from: https://indianexpress.com/article/business/economy/tax-notices-summons-served-to-pre-gst-dispute-resolution-cases-7218646/ The summons have been sent under Section 70 of CGST Act, which provides powers to tax officers to summon persons to give evidence

Clipped from: https://www.deccanherald.com/opinion/panorama/after-nearly-four-years-gst-is-still-a-work-in-progress-959381.html GST has its good points and its poor points, with the latter winning over the former In a few months, Goods and Services