GST News

CBIC notifies restrictions in the availment of ITC from 1st January 2022

31 December 2021 at 18:47

The Central Board of Indirect Taxes and Customs has notified the Central Goods and Services Tax (Tenth Amendment) Rules on 29th December 2021, in order to make amendments to the Central Goods and Services Tax Rules, 2017.

Posted in GST | 9972 Views

Textiles continue to be taxable at 5% beyond 1st January 2022: 46th GST Council Meet

31 December 2021 at 16:41

The GST Council’s 46th meeting was held today in New Delhi under the chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman.

Posted in GST | 2 comments | 5904 Views

DGGI rejects Shri Peeyush Jain's tax settlement claim of Rs 52 crore

30 December 2021 at 17:30

Some reports have even stated that after admitting his liability, Shri Peeyush Jain has, with the approval of DGGI, deposited a total amount of Rs 52 crore as tax dues

Posted in GST | 2703 Views

CBIC extends deadline of GSTR-9 and GSTR-9C for FY 2020-21

30 December 2021 at 08:38

The due date for furnishing annual return in FORM GSTR-9 & self-certified reconciliation statement in FORM GSTR-9C for the financial year 2020-21 has been extended from 31.12.2021 to 28.02.2022.

Posted in GST | 18411 Views

DGGI Ahmedabad seizes more than Rs 177 crore in the premises of Shikhar Brand Pan Masala and Tobacco Products

28 December 2021 at 08:45

Search operations in related premises continue with recovery of Rs 17 crore, 64 kg gold and 600 kg sandalwood oil worth Rs 6 crore

Posted in GST | 2319 Views

CBIC issues clarification w.r.t Surprise GST Recovery Visits from 1st January 2022

27 December 2021 at 08:40

The Central Board of Indirect Tax and Customs via their official Twitter handle has issued a clarification with regard to the Surprise GST Recovery Visits from 1st January 2022

Posted in GST | 2 comments | 19302 Views

Officers of DGGI, Ahmedabad initiates search operations on manufacturer supplying goods for non-payment of tax in Kanpur

25 December 2021 at 08:01

Officers Of Directorate General Of GST Intelligence (DGGI), Ahmedabad With The Support Of Officers Of Local Central GST Initiated Search Operations In Kanpur

Posted in GST | 2364 Views

Mumbai Based CA arrested for generating Fake Input Tax Credit

20 December 2021 at 08:46

On 14/12/2021 (Tuesday) GST Officers of Thane commissionerate arrested Vikram Jain, a Mumbai-based CA for generating fake invoices worth more than Rs 500 crores to tune a GST of Rs 92 crores without actual receipt of goods.

Posted in GST | 4 comments | 12072 Views

Payment of GST compensation to States in times of COVID-19 pandemic

08 December 2021 at 08:37

As per the provisions of the GST (Compensation to States) Act, 2017, GST compensation for financial years 2017-18, 2018-19 and 2019-20 has already been paid to the States.

Posted in GST | 4650 Views

New functionalities deployed on the GST Portal for taxpayers in Nov 2021

03 December 2021 at 08:45

Various new functionalities are implemented on the GST Portal, from time to time, for GST stakeholders. These functionalities pertain to different modules such as Registration, Returns, Advance Ruling, Payment, Refund and other miscellaneous topics.

Posted in GST | 9978 Views