GST News

CBIC committee to dispose of pending pre-GST cases

24 December 2022 at 08:39

CBIC has constituted Customs, Central Excise and Service Tax Settlement Commission aimed to resolve and settle the show-cause notices issued under the Customs Act, Central Excise Act and Service Tax regime.

Posted in GST | 4176 Views

3 people held for GST fraud in Chandigarh

24 December 2022 at 08:38

The three accused, identified as Jitender Singh Bhalla alias Vicky, 39, of Fatehgarh Sahib, Rajeev Poonga, 55, of Sunny Enclave, Kharar, and Pushp Behal, 49, of PGI Society, Sector 49, are allegedly involved in a GST fraud

Posted in GST | 3318 Views

MSME Ministry: No information on negative impact of GST on MSMEs

23 December 2022 at 08:26

Even as MSMEs have been critical of the government's Goods and Services (GST) tax on multiple occasions since its launch in 2017, the MSME ministry said it hasn't come across any information related to the negative impact of the tax system.

Posted in GST | 5544 Views

Uttarakhand businessman sentenced to 5 years for ITC fraud of Rs. 17 crore

22 December 2022 at 08:35

A businessman in Uttarakhand's Haridwar district has been sentenced to five years in jail for an input tax credit fraud of Rs. 17 crore.

Posted in GST | 7332 Views

GST compensation of Rs 17,176 crore pending to states as on June 2022

21 December 2022 at 08:50

The government on Tuesday informed Rajya Sabha that GST compensation of Rs 17,176 crore is pending to states as on June 2022.

Posted in GST | 4266 Views

CBI arrested CGST Superintendent in a bribary case of Rs 20 lakh to close GST evasion case

21 December 2022 at 08:50

The CBI has arrested a Superintendent of CGST, Anti-Evasion Unit, Vashi, Navi Mumbai (Maharashtra) in a bribery case for demanding a bribe of Rs 20 Lakh for closing an investigation and not arresting the accused in a GST evasion case.

Posted in GST | 7068 Views

FM urges CBDT and GST authorities to widen the tax base for both direct & indirect taxes

20 December 2022 at 08:47

It is now time that India widens the tax base for both direct tax and indirect tax, said Union Finance Minister Nirmala Sitharaman.

Posted in GST | 4569 Views

CBIC detected Rs 62K crore GST evasion via fake invoices till date

20 December 2022 at 08:47

CBIC has booked over 8,200 cases involving revenue of over Rs. 62,000 crore since inception of GST till date.

Posted in GST | 5322 Views

CBIC announces that centre & states engaged on property, discoms information sharing to widen GST payer base

20 December 2022 at 08:47

The chief of the Central Board of Indirect Taxes (CBIC) has announced that the Centre and states are working on pilot projects on sharing of data with discoms and property tax details to identify non-GST registered businesses.

Posted in GST | 3906 Views

Key Highlights of 48th GST Council Meeting

17 December 2022 at 08:17

Finance Minister Nirmala Sitharaman will chair the 48th GST Council meeting virtually today. The Federal indirect tax body may consider over a dozen of changes to bring clarity to tax provisions.

Posted in GST | 25614 Views