CGST, Thane Rural Commissionerate arrests three persons in two cases related to fake availment and utilization of ITC
Introduction of Restoration of Cancelled Registration based on Appellate order
Kerala Finance Minister KN Balagopal, during Budget, has announced the launch of a mobile application 'Lucky Bill Scheme' for uploading GST invoices.
It was evident that Shri Rakesh Kumar Jain was using multiple firms to avail and pass on fake ITC on bogus invoices and E-Way Bills without actual supply of goods. The quantum of GST evaded by him is more than Rs. 85 crore.
CGST Ghaziabad arrested 1 person in follow up of an earlier case which involved GST fraud of Rs. 630 crs. in value and fake ITC of approx 100 crs. by creating 50 bogus firms, using multiple PAN, mobile numbers and bank accounts.
User Interface (UI) with respect to the address fields in the Registration Application GST REG-01 has been enhanced
The Goods and Services Tax Network ("GSTN") has enabled new feature of Geo-location for picking address for new registration and amendment of address for existing registration.
Auto-population of e-invoice details into GSTR-1
Rs 1,33,026 crore Gross GST Revenue collected for February 2022
The existing limit of Rs. 50 crores has now been reduced to Rs. 20 crores vide Notification No. 01/2022 - Central Tax dated 24th February, 2022.
Online GST Course - Master the Fundamentals of GST with Practical Insights
CAclubindia
