GST News

Indirect tax receipts to exceed budget estimate by Rs 50,000 crore

07 November 2022 at 08:33

While Central GST collections could exceed the budget target for FY23 by about Rs 1 trillion, excise duty collections may fall short of the Budget estimate (BE) by Rs 40,000-50,000 crore.

Posted in GST | 2664 Views

GST sleuths uncover Rs 45 crore fake bills scam, arrest businessman

07 November 2022 at 08:33

The Maharashtra Goods & Services Tax Department has busted a GST scam involving fake invoices worth Rs 45 crore and arrested a businessman for the alleged fraud, an official said here on Friday.

Posted in GST | 6600 Views

Surat police bust major GST ITC racket

05 November 2022 at 08:42

The economic offences cell of city police busted a major GST input tax credit racket in which refund was allegedly usurped using bogus bills of transactions worth Rs 200.

Posted in GST | 6657 Views

GSTN: Now GST payments can be made through 20 banks

05 November 2022 at 08:42

The Goods and Services Tax Network ("GSTN") has added a new Federal Bank, bringing the total number of banks accepting GST payments to 20.

Posted in GST | 7788 Views

October E-way bills slip from quarter end peak

04 November 2022 at 08:35

E-way bills generated for transportation of goods within and across states in October slipped from the high level seen at the end of the September quarter but maintained their momentum backed by the festive season demand, showed official data.

Posted in GST | 4869 Views

Man held for fraudulently claiming refund of more than Rs 27 crore from fake ITC

03 November 2022 at 08:33

A 26-year-old man has been arrested by the Maharashtra Goods and Services Tax (GST) department for fraudulently claiming a refund of more than Rs 27 crore through a fake input tax credit involving at least two "non-genuine" firms

Posted in GST | 2886 Views

GST collections in Oct 2022 crossed Rs. 1.5 lakh crore, second highest ever

01 November 2022 at 17:48

Rs. 1,51,718 crore gross GST revenue collected for October 2022

Posted in GST | 3225 Views

GST collection expected to cross Rs 1.5 lakh crore in October

01 November 2022 at 08:34

Buoyed by fest season consumption, the revenue collection from the goods and services tax (GST) for the month of October may once again surpass Rs 1.5 lakh crore.

Posted in GST | 4596 Views

CBIC issued instructions on the pre-deposit payment method for cases pertaining to Central Excise and Service Tax

29 October 2022 at 08:29

The CBIC vide CBIC-240137/14/2022-SERVICE TAX SECTION-CBEC dated October 28, 2022 has issued Instructions on the pre-deposit payment method for cases pertaining to Central Excise and Service Tax.

Posted in GST | 11859 Views

DGGI initiates action against 15 real estate players in Kerala for GST fraud

29 October 2022 at 08:29

The Kochi zonal unit of the Directorate General of GST Intelligence (DGGI) for Kerala and Lakshadweep regions has unearthed GST irregularities to the tune of ₹420 crore on various counts during the 2021-22 financial year.

Posted in GST | 2691 Views