GST News
GST Probe Expands: 10 Additional Insurers to Receive Notices Soon
18 May 2023 at 08:36The goods and services tax department has widened the probe against insurance companies for alleged wrongful availment of input tax credit.
Special Drive Launched to Combat Tax Evasion through Fake GST Registrations
18 May 2023 at 08:37With GST evasion crossing over Rs 1 lakh crore in 2022-23, Centre and state tax officers have initiated a two-month-long special drive to identify fake GST registration and nab offenders.
GST Registration Advisory on New Functionality to view Aadhaar Authentication Status
17 May 2023 at 08:47New functionality to view Aadhaar authentication status, to view/ download e-KYC documents for new registration applications and to upload e-KYC documents in PV report-reg.
GSTN enables option to file GSTR-9 & GSTR-9C for FY 2022-23
17 May 2023 at 08:47GSTN has enabled the option to file Annual Return and Reconciliation Statement, namely Form GSTR-9 and GSTR-9C on the GST portal for the FY 2022-2023.
Finance companies urge RBI to avoid GST by not renaming penal interest as 'charges'
16 May 2023 at 08:45The Finance Industry Development Council, a representative body of NBFCs in India, has requested the Reserve Bank of India (RBI) not to classify penal interest as 'charges' due to potential tax implications.
Online gaming companies in limbo as GST authorities struggle to take action after Gameskraft probe
16 May 2023 at 08:45Dark clouds loom over the post-probe move against online gaming companies by GST Authorities after a ruling by Karnataka High Court in the Gameskraft matter.
Automated GST Scrutiny to trigger notices in cases of data mismatches
15 May 2023 at 08:38The central government's rollout of automated scrutiny of Goods and Services Tax (GST) returns this week could lead to assessees getting notices in cases where there are data mismatches between different types of tax returns, said experts.
Business community applauds crackdown on fake GST registrations
15 May 2023 at 08:38Industrialists, who had been asking GST departments to take action against the rising menace of bogus billing, have welcomed the central government’s move on holding a special all-India drive
24 major importers evade Rs 11,000 crore GST payments
13 May 2023 at 08:48The Directorate General of GST Intelligence (DGGI) and Directorate of Revenue Intelligence (DRI) have detected alleged Integrated GST evasion to the tune of ₹11,000 crore by 24 large importers.
Tax authorities investigate shell firms for fraudulent ITC claims
12 May 2023 at 08:50According to a report officials have prepared a detailed list of entities and their beneficiaries that allegedly created multiple shell firms to represent fake transactions and the tax authorities will target such entities during the next two months.
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