A nationwide crackdown by the Goods and Services Tax (GST) authorities has unearthed tax evasion to the tune of ₹30,000 crore.
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.
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.
CBIC is considering introducing pre-filled consolidated GST return forms, similar to the Annual Information Statement (AIS) used by the Income Tax department.
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.
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.
The Madhya Pradesh Goods and Services Tax (GST) department has unearthed a massive fraud involving at least 30 fake firms and over 150 entities.
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.
The E-Invoice Verifier App developed by GSTN, has been introduced which offers a convenient solution for verifying e-Invoices and other related details.
Two Customs officers and a police constable were arrested on Thursday for allegedly duping a businessman of ₹80 lakh on the pretext of settling his GST evasion case.
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