Two men from Delhi have been arrested for allegedly evading Rs 25 crore in GST by floating fake firms and generating bogus invoices and e-way bills. Cyber police are investigating the case.
GST 2.0 marks a reset of India’s indirect tax system by simplifying rates, tightening compliance and speeding up dispute resolution, says Guntur Audit Commissioner Anand Kumar.
CBIC has warned taxpayers about fake GST notices and summons being sent by fraudsters. Businesses are advised to verify DIN on the CBIC portal and report fraud immediately.
India's e-way bill generation rose 23.6% YoY to a record 138.39 million in December, GSTN data shows, reflecting GST 2.0 reforms and stronger consumption.
The GST Enforcement Wing has busted a Rs 1464 crore inter-State fake invoice racket spanning Karnataka and Tamil Nadu. Four accused have been arrested for fraudulent ITC claims.
ICAI has released a comprehensive handbook on GST compliance for e-commerce operators, covering Section 9(5), TCS, registration and return filing.
GST Portal enables online filing of opt-in declaration for specified premises. Check eligibility, Annexure VII/VIII, timelines & filing steps.
A Rs 100 crore GST fraud allegedly originating in Chittoor exposed misuse of Aadhaar and PAN of daily-wage earners to create fake ITC claims.
GST collections rose 6.1% YoY to Rs 1.75 lakh crore in December 2025, driven by strong import GST and improved compliance, official data shows.
CBIC has notified RSP-based GST valuation for pan masala, cigarettes, and tobacco products through Notifications 19/2025 and 20/2025. New Rule 31D under CGST Rules comes into effect from February 1, 2026.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
CAclubindia
