GST News

CGST Commissionerate, Ghaziabad arrests two persons in case of issuance of fake invoices

13 March 2021 at 05:41

CGST Commissionerate, Ghaziabad arrests 2 persons which led to unearthing of GST fraud involving taxable value of Rs.93 Crores (approx.) and passing of fake ITC of Rs.16 crores(approx.) involving more than 25 firms.

Posted in GST | 3435 Views

GST | CBIC issues clarification on refund related issues

12 March 2021 at 22:22

The Central Board of Indirect Taxes and Customs, on receiving representations from various associations, has released a clarification on some of the issues relating to GST refunds in case of Deemed Export Supplies, Zero-Rated Supplies, and Section 89(4).

Posted in GST | 6900 Views

GSTN organizes webinar on e-invoicing for taxpayers

12 March 2021 at 19:29

The Government had earlier mandated e-invoicing for the taxpayers with aggregate turnover exceeding Rs. 500 Cr. In this regard, GSTN is holding a webinar on 17th March 2021 on e-invoicing for taxpayers.

Posted in GST | 3204 Views

DGGI Gurugram officials arrest man for ITC fraud of more than Rs 43 crore

11 March 2021 at 15:19

The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana, has arrested Shri Ravinder Kumar (aka Ravinder Garg), resident of New Delhi on charges of creating and operating fictitious firms on forged documents.

Posted in GST | 2238 Views

MCA introduces Aadhaar authentication facility for GSTIN Registration in Form INC-35 AGILE PRO

10 March 2021 at 17:59

The Ministry of Corporate Affairs has introduced an Aadhaar Authentication facility for GSTIN Registration in Form INC-35 AGILE-PRO.

Posted in GST | 8214 Views

GST Portal | Module wise new functionalities deployed for taxpayers

09 March 2021 at 21:49

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 | 9570 Views

Selection of Core Business Activity on GSTN Portal for Registered Taxpayers

09 March 2021 at 19:35

GSTN has introduced a facility to identify core business activity for the registered taxpayers through various options.

Posted in GST | 3054 Views

DGGI Gurugram officials arrest 2 men for defrauding exchequer of more than Rs 690 crore

09 March 2021 at 19:05

DGGI, Gurugram Zonal Unit, were able to arrest two gang members of a fake invoicing syndicate, namely Shri Vikas and Shri Manish, who were involved in GST fraud by way of issuance of fake GST invoices in excess of Rs 4,800 crore.

Posted in GST | 1 comments | 1344 Views

GST compensation shortfall released to States reaches Rs.1.06 lakh crore

09 March 2021 at 17:02

19th Instalment of Rs. 2,104 crore released to the States on Monday, 08th March 2021. 96 per cent of the estimated shortfall of Rs.1.10 lakh crore released.

Posted in GST | 1434 Views

Financial aid to states to meet GST compensation

09 March 2021 at 17:02

In order to meet the shortfall in Goods and Services Tax (GST) compensation to be paid to States, the Government of India had set up a special borrowing window in October, 2020 to raise the estimated shortfall of Rs. 1.1 lakh crore.

Posted in GST | 1587 Views