GST News

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 | 3228 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 | 4599 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 | 11979 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

GSTN issues advisory on filing TRAN forms for taxpayers from Daman and Diu & Ladakh

26 October 2022 at 08:38

Due to reorganization of the state of Jammu & Kashmir and merger of the Union territories of Dadra and Nagar Haveli and Daman and Diu, the taxpayers of Ladakh and earlier 'Daman and Diu' region have been allotted new GSTINs

Posted in GST | 3444 Views

GST offences up to Rs 5 crore may be decriminalised

25 October 2022 at 07:44

To promote ease of doing business, the government is working on a proposal to decriminalise certain offences under the goods and services tax (GST) by raising the threshold limit from Rs 2 crore to Rs 5 crore in tax evasion cases."A proposal is

Posted in GST | 4557 Views

GST authorities issuing SCN after investigation will have to complete enforcement action

24 October 2022 at 07:45

Tax authorities issuing show-cause notices will have to complete all enforcement and consequential action against the assessee against whom GST evasion was detected, the GST Council has said.

Posted in GST | 3513 Views

Taxpayers with upto Rs 5 crore turnover required to report 4-digit HSN codes in their GSTR-1

22 October 2022 at 16:19

From 01st November, 2022, Phase-2 would be implemented on GST Portal and the taxpayers with up to Rs 5 crore turnover would be required to report 4-digit HSN codes in their GSTR-1.

Posted in GST | 1 comments | 11127 Views