GST News

CBIC initiates investigation of insurance companies for alleged wrongful availment of ITC

17 March 2023 at 08:46

The GST wing of the Central Board of Indirect Taxes & Customs (CBIC) is investigating over a dozen insurance companies for allegedly claiming wrongful input tax credits of amount pegged at Rs 1000 crore.

Posted in GST | 2943 Views

GST Evasion of Rs 150 Crore discovered in TMT Bar Clearance

13 March 2023 at 08:36

The Directorate General of GST Intelligence (DGGI), Chennai recently carried out coordinated search operations against three major taxpayers involved in the supply of TMT Bars. The investigation has revealed that these entities were engaged in the il

Posted in GST | 5145 Views

Taxpayers to mention 6-digit HSN Codes for outward supplies if AATO exceeds Rs 5 Crores

10 March 2023 at 08:37

A recent update issued by GST E-Invoice System dated March 09, 2023 stated that the E-Invoice System will not accept 4-digit HSN codes and the date for blocking e-Invoice generation having HSN code as 4-digits will be intimated Soon.

Posted in GST | 12282 Views

E-way bill generation in Feb dropped to a 3-month low of over Rs. 8.18 crore

09 March 2023 at 08:35

During fiscal year 2021-22, number of e-way bill generated in December was 7.16 crore which dropped to 6.88 crore in January but rose to 6.91 crore in February...

Posted in GST | 4575 Views

GST Tax Evasion: Action initiated against 17229 persons in 2 years

06 March 2023 at 08:37

With the increasing incidence of fake billing scams and tax evasion, action was initiated against some 17,229 persons in Gujarat

Posted in GST | 5475 Views

GSTN launches e-invoice registration services with private IRP

06 March 2023 at 08:36

In another step towards further digitization of the business process flow, GSTN has launched the e-invoice registration services through multiple private IRPs at the recommendation of the GST Council.

Posted in GST | 7845 Views

Mastermind in fake GST billing case arrested

03 March 2023 at 08:34

The state GST department in Gujarat Tuesday said it has apprehended Irfan Sabbirhussain Kazi, the mastermind who set up 10 fake companies, made counterfeit bills worth Rs 83 crore and passed on tax reliefs worth Rs 15 crore to beneficiaries.

Posted in GST | 6102 Views

GST collection rise 12% to Rs 1.49 lakh crore in February

02 March 2023 at 08:33

₹1,49,577 crore gross GST revenue collected in February 2023; 12% higher than GST revenues in same month last year

Posted in GST | 5949 Views

3 people held in Aadhaar-GST multi-crore bogus billing scam

01 March 2023 at 08:41

Three persons were arrested by Bhavnagar Police on Tuesday, for conning unsuspecting Aadhaar card holders to go to Aadhaar centres where the mobile number linked to their Aadhaar identity would be changed.

Posted in GST | 6852 Views