GST News
Tax authorities investigate shell firms for fraudulent ITC claims
12 May 2023 at 08:50According to a report officials have prepared a detailed list of entities and their beneficiaries that allegedly created multiple shell firms to represent fake transactions and the tax authorities will target such entities during the next two months.
Automated Return Scrutiny Module rolled out for GST returns in ACES-GST backend application
12 May 2023 at 08:50CBIC rolls out Automated Return Scrutiny Module for GST returns in ACES-GST backend application for Central Tax Officers
CBIC reduces e-invoicing limit from 10 crore to 5 crore w.e.f. 1st August 2023
11 May 2023 at 08:59CBIC has reduced the e-invoicing limit to 5 crore from the current limit of 10 crore starting from 1st August 2023.
CBIC extended deadline to opt for Forward Charge option by GTAs to 31st May 2023
11 May 2023 at 08:55CBIC has issued notification to provide that the option for the Financial Year 2023-2024 to pay tax under Forward Charge by Goods Transport Agency shall be exercised on or before the 31st May, 2023.
Clarification on online gaming, cement rates likely at GST Council meeting in June
09 May 2023 at 08:43The much-awaited clarity on online gaming tax rates is expected at the next meeting of the GST Council, which is likely next month. The council is also set to decide on revising the rates for millets and cement at the meeting.
GST audit norms likely to be taken up for audit cases from this fiscal
09 May 2023 at 08:42In a move that is expected to help businesses as well as reduce litigation, a Model All India GST Audit Manual 2023 has been finalised for use by the Centre and state tax officials.
GST notice of Rs 497 crore imposed on UP businessman Piyush Jain
08 May 2023 at 08:30The DGGI has imposed a tax liability of Rs 497 crore on Piyush Jain and his three firms, including M/s Odocham Industries, M/s Flora Naturale, and M/s Odosanth Inc.
GSTN defers implementation of time limit on reporting old e-invoices by 3 months
08 May 2023 at 08:29Deferment of Implementation of Time Limit on Reporting Old e-InvoicesDear Taxpayers,1. It is to inform you that it has been decided by the competent authority to defer the imposition of time limit of 7 days on reporting old e-invoices on the e-invoic
CBIC issues Guidelines for Special All-India Drive against fake registrations
06 May 2023 at 08:33A special all-India drive will be launched by all central and state tax administrations during the period from May 16 to July 15 this year to detect suspicious and fake GSTINs
GST superintendent, 2 others booked for taking Rs 25 lakh bribe in Mumbai
06 May 2023 at 08:32The Anti-corruption wing of the Central Bureau of Investigation (CBI) on Friday booked Dhirendra Kumar, the Superintendent of Anti-Eviction Wing of Central GST, and two others for absconding with bribe money worth Rs 25 lakh.
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