GST News

Massive GST Evasion Unearthed: Rs 14,302 Crore Detected in April-May 2023

01 August 2023 at 14:22

In a written reply to the Lok Sabha on Monday, Finance Minister Nirmala Sitharaman said that GST evasion of Rs 14,302 crore was detected in the first two months of the current fiscal year, April-May 2023.

Posted in GST | 3021 Views

Final Extension of 2FA for Large Taxpayers until 20th Aug 2023

01 August 2023 at 08:52

The Mandatory 2 Factor Authentication (2FA) requirement for taxpayers with an Aggregate Annual Turnover (AATO) above 100 Crores has been extended until August 20, 2023

Posted in GST | 9069 Views

Over 4 Lakh Businesses to Issue E-invoices from 1st Aug 2023

01 August 2023 at 08:50

As of August 1, there will be a significant change in the mandatory e-invoicing requirements in India. The aggregate annual turnover threshold for issuing e-invoices will be lowered from ₹10 crore to ₹5 crore.

Posted in GST | 11355 Views

GSTN Introduces Mandatory CA/EC Number Tabs in State Specific Information Section

31 July 2023 at 08:41

GSTN has introduced new tabs in the 'State Specific Information' section of the GST registration form to collect Consumer Agreement (CA) or Electricity Consumer (EC) numbers.

Posted in GST | 23127 Views

Govt Accepts Panel's Recommendation for Online GST Audit Mechanism

29 July 2023 at 08:58

Union government has accepted the recommendation to set up an online audit mechanism under the Goods and Services Tax (GST) to streamline the process.

Posted in GST | 1 comments | 3882 Views

GSTN Implements Rule-86B Tab to Control Electronic Credit Ledger Funds

29 July 2023 at 08:57

GSTN has introduced a new tab, Rule-86B, which restricts the use of the amount available in the Electronic Credit Ledger.

Posted in GST | 12423 Views

GSTN Implements Enhanced PPOB Metadata Collection for Improved Tracking and Management

29 July 2023 at 08:56

The GSTN has recently announced that it will be collecting metadata of the Principal Place of Business (PPOB) for all registered taxpayers

Posted in GST | 23709 Views

DGGI Meerut Exposes Rs. 557 Crore ITC Scam

28 July 2023 at 08:48

DGGI Meerut officials bust racket involving 246 fake entities with turnover of Rs. 3,242 crore involving ITC of Rs. 557 crore, three held

Posted in GST | 3429 Views

Rs 3.33 Lakh Crore GST Evasion Detected by Govt in Last 5 Years

27 July 2023 at 08:49

Indian government detected a significant amount of evasion in goods and services tax (GST) over the last five years, amounting to Rs 3.33 lakh crore.

Posted in GST | 2607 Views

Massive GST Evasion: 15,000 Entities Caught Evading Rs 38,000 Crore

27 July 2023 at 08:48

Tax authorities in India have identified nearly 15,000 entities involved in fraudulent activities related to GST and detected evasion of over Rs 38,000 crore over the years.

Posted in GST | 5406 Views