GST News

CBIC to implement Biometric Authentication and Geo-Tagging to curb GST Fraud

03 July 2023 at 15:59

The Central Board of Indirect Taxes and Customs (CBIC) has identified over 12,000 fake entities in GST registration. These entities were used to claim fake Input Tax Credit (ITC) and defraud the exchequer.

Posted in GST | 8520 Views

GSTN launches Real-Time Refund Application Tracking for Taxpayers

03 July 2023 at 09:01

GSTN enabled online facility for the Taxpayers to track status of refund application in real time

Posted in GST | 6393 Views

GSTN Enabled Appeal Application Withdrawal for Taxpayers to Rectify Errors

03 July 2023 at 09:00

GSTN enabled the new facility to withdraw the appeal application introduced for Taxpayers, in case there are errors in the appeal application.

Posted in GST | 5709 Views

Gross GST Revenue surpasses Rs 1.6 Lakh Crore in June 2023, Records 12% YoY Growth

01 July 2023 at 15:20

Gross GST collection crosses ₹1.6 lakh crore mark for 4th time since inception of GST; ₹1.4 lakh crore for 16 months in a row

Posted in GST | 2880 Views

Tata Sons Challenges Rs 1500 Crore GST Claim on Docomo Settlement

30 June 2023 at 08:59

Tata Sons has challenged a ₹1,500 crore tax demand on its $1.27 billion settlement with NTT Docomo in 2017. The settlement was reached over a now-defunct telecom joint venture between the two companies.

Posted in GST | 8580 Views

Youth's PAN and Aadhaar Details Used to Set Up Company for GST Fraud

30 June 2023 at 08:56

Hudkeshwar police have registered a case of fraud against Rahul Kamalkumar Jain and his wife Shruti, residents of Parwarpura, Itwari, for allegedly manipulating GST worth crores by misusing documents of a city youth.

Posted in GST | 5550 Views

GST Taxpayers in Gujarat Soar by 124% in Six Years

30 June 2023 at 08:55

The number of active GST taxpayers in Gujarat has increased by 124% in six years, from 5.08 lakh on July 1, 2017, when the new regime came into effect to 11.44 lakh now.

Posted in GST | 4350 Views

GSTN issues advisory on Online Compliance Pertaining to Liability / Difference Appearing in R1 - R3B (DRC-01B)

30 June 2023 at 08:54

Advisory: Online Compliance Pertaining to Liability / Difference Appearing in R1 – R3B (DRC-01B)

Posted in GST | 4101 Views

GST Officers Bust 30 Fake Firms, Uncover Rs 50 Crore ITC Scam

29 June 2023 at 16:48

The GST officers have busted a nexus of more than 30 fake firms, who have availed ineligible input tax credit (ITC) of over Rs 50 crore, the Finance Ministry said on Wednesday.

Posted in GST | 4203 Views