GST News

Guidelines released by CBIC for GST Registration Application Processing

15 June 2023 at 08:45

Central Board of Indirect Taxes and Customs (CBIC) has issued Important Guidelines for processing of applications for GST registration. These guidelines were issued on June 14, 2023, in order to prevent the menace of fake or bogus registrations.

Posted in GST | 16683 Views

Massive GST Evasion: Rs. 30,000 Crore unearthed

15 June 2023 at 08:43

A nationwide crackdown by the Goods and Services Tax (GST) authorities has unearthed tax evasion to the tune of ₹30,000 crore.

Posted in GST | 5625 Views

Former CBIC Chairperson Urges GST Council to Differentiate Taxation for Betting and Skill-based Online Games

14 June 2023 at 08:59

Former chairperson of the Central Board of Indirect Taxes and Customs (CBIC) John Joseph has said that the Goods and Services Tax (GST) Council must differentiate between skill-based and betting-based online games before taxing them.

Posted in GST | 2952 Views

2-Factor Authentication mandatory for taxpayers with AATO above Rs.100 crore from 15th July 2023

13 June 2023 at 08:55

To enhance the security of e-Way Bill/e-Invoice System, NIC is introducing 2-Factor Authentication for logging in to e-Way Bill/e-Invoice system. In addition to username and password, OTP will also be authenticated for login.

Posted in GST | 16806 Views

CBIC considers introducing prefilled consolidated GST return forms, similar to Income Tax Filing

13 June 2023 at 08:52

CBIC is considering introducing pre-filled consolidated GST return forms, similar to the Annual Information Statement (AIS) used by the Income Tax department.

Posted in GST | 9939 Views

Banks express concern over liquidity ahead of advance tax outflow and GST

13 June 2023 at 08:51

The Reserve Bank of India (RBI) conducted a variable rate reverse repo (VRRR) auction on Friday, but banks remained reluctant to park funds with the central bank.

Posted in GST | 3696 Views

GST Fraud Alert: Rs 10000 crore scam revealed with 3000 fake shell companies

12 June 2023 at 08:41

Special teams have been constituted by the DGGI and an analysis of records revealed these operational 1,000 shell companies have evaded Goods and Services Tax (GST) of more than Rs 700 crore.

Posted in GST | 9006 Views

30 fake firms and 150 entities implicated in multi-crore GST scam in Madhya Pradesh

10 June 2023 at 08:43

The Madhya Pradesh Goods and Services Tax (GST) department has unearthed a massive fraud involving at least 30 fake firms and over 150 entities.

Posted in GST | 6456 Views

Madurai FMCG taders arrested for Rs 75 crore GST evasion

10 June 2023 at 08:42

Three traders of FMCG were arrested in Madurai for evasion of Rs 75 crore in GST. The Directorate General of GST Intelligence (DGGI) conducted raids on the premises of the three traders on May 11, 2023.

Posted in GST | 3657 Views

GSTN launches E-Invoice Verifier App

09 June 2023 at 08:51

The E-Invoice Verifier App developed by GSTN, has been introduced which offers a convenient solution for verifying e-Invoices and other related details.

Posted in GST | 9006 Views