IndiGo plans to challenge two GST penalty orders totalling Rs 3,50,299 related to input tax credit claims for FY 2017-18 in Odisha and Kerala.
The Directorate General of GST Intelligence has issued over 20,000 notices nationwide for AY 2017-18 to AY 2021-22, demanding Rs 80,000 crore. Notices target tax shortfalls, ITC reversal, and legal interpretation issues.
To assist taxpayers in correctly reporting Reverse Charge Mechanism (RCM) transactions, a new statement called "RCM Liability/ITC Statement" has been introduced on the GST Portal.
Advisory for furnishing bank account details before filing GSTR-1/IFF Notification No. 38/2023 - Central Tax New Delhi, the 4th August, 20231.
In a significant crackdown on tax evasion, the Directorate General of GST Intelligence (DGGI) has exposed fraudulent activities amounting to Rs 1.2 trillion via fake input tax credit (ITC) since 2020.
The rapid expansion of digital payments in India has brought a surge in tax evasion cases, particularly among small online merchants.
The Ministry of Education has stepped in to address a substantial GST notice issued to the Indian Institute of Technology (IIT) Delhi.
In a significant move to curb potential tax evasion, CAG has recommended that the Finance Ministry implement stricter monitoring measures for high-risk taxpayers under the GST Composition Scheme.
The Directorate General of Goods and Services Tax (GST) Intelligence has issued a show-cause notice to the Indian Institute of Technology-Delhi (IIT-D), demanding ₹120 crore in GST on research funding received between 2017 and 2022.
The Finance Ministry is set to review the Goods and Services Tax (GST) rates applied to digital news subscriptions, according to sources.
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