GST News
GST officers unearthed fake invoicing racket involving tax evasion of Rs 17 crore
20 March 2023 at 08:40GST officers in Delhi have unearthed a fake invoicing racket involving tax evasion of Rs 17 crore and arrested two persons, the Finance Ministry said on Saturday.
GST dept to scrutinise IT, MCA data to identify entities not paying taxes
20 March 2023 at 08:40The GST department will soon begin analysing ITRs filed by businesses and professionals and also MCA filings to ascertain if the entities are adequately discharging their GST liability and widening the taxpayer base.
GST stalemate to continue for cryptocurrencies
18 March 2023 at 06:55The proposed move to levy goods and services tax (GST) on cryptocurrencies is set to be delayed as consensus on the modalities has eluded officials from the centre and state governments.
CBIC initiates investigation of insurance companies for alleged wrongful availment of ITC
17 March 2023 at 08:46The 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.
GST Evasion of Rs 150 Crore discovered in TMT Bar Clearance
13 March 2023 at 08:36The 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
Taxpayers to mention 6-digit HSN Codes for outward supplies if AATO exceeds Rs 5 Crores
10 March 2023 at 08:37A 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.
E-way bill generation in Feb dropped to a 3-month low of over Rs. 8.18 crore
09 March 2023 at 08:35During 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...
GST Tax Evasion: Action initiated against 17229 persons in 2 years
06 March 2023 at 08:37With the increasing incidence of fake billing scams and tax evasion, action was initiated against some 17,229 persons in Gujarat
GSTN launches e-invoice registration services with private IRP
06 March 2023 at 08:36In 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.
Mastermind in fake GST billing case arrested
03 March 2023 at 08:34The 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.
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