GST News

Clarification on refund related issues under GST Law

11 November 2022 at 08:29

CBIC vide Circular No. 181/13/2022-GST dated November 10, 2022 has issued a clarification on refund related issues under GST Law.

Posted in GST | 6573 Views

CBIC makes important changes in filing GST Returns

09 November 2022 at 10:07

Important changes have been made in Return Filing Process

Posted in GST | 8070 Views

GSTN started allowing amendment in Form 9A - B2B invoices

09 November 2022 at 10:06

GSTN has started allowing the amendment related to FY 2021-22 in October 2022 return period. This is in line with the recent amendment in the GST Law wherein amendment can be done up to 30th November of the next FY.

Posted in GST | 11967 Views

Indirect tax receipts to exceed budget estimate by Rs 50,000 crore

07 November 2022 at 08:33

While Central GST collections could exceed the budget target for FY23 by about Rs 1 trillion, excise duty collections may fall short of the Budget estimate (BE) by Rs 40,000-50,000 crore.

Posted in GST | 2670 Views

GST sleuths uncover Rs 45 crore fake bills scam, arrest businessman

07 November 2022 at 08:33

The Maharashtra Goods & Services Tax Department has busted a GST scam involving fake invoices worth Rs 45 crore and arrested a businessman for the alleged fraud, an official said here on Friday.

Posted in GST | 6609 Views

Surat police bust major GST ITC racket

05 November 2022 at 08:42

The economic offences cell of city police busted a major GST input tax credit racket in which refund was allegedly usurped using bogus bills of transactions worth Rs 200.

Posted in GST | 6669 Views

GSTN: Now GST payments can be made through 20 banks

05 November 2022 at 08:42

The Goods and Services Tax Network ("GSTN") has added a new Federal Bank, bringing the total number of banks accepting GST payments to 20.

Posted in GST | 7788 Views

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 | 4878 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 | 2892 Views