GST News

GST fraud worth Rs 824 crore by 15 insurance companies detected

30 September 2022 at 08:49

The Mumbai branch of the Directorate General of Goods and Services Tax (GST) Intelligence has detected tax evasion of ₹824 crore by 15 insurance companies, intermediary marketing companies and multiple non-banking finance companies.

Posted in GST | 4689 Views

CGST (Second Amendment) Rules 2022 to come into force w.e.f. 1st October 2022

29 September 2022 at 10:30

Central Govemment, on the recommendations of the Council, hereby makes rules further to amend the Central Goods and Services Tax Rules, 2017

Posted in GST | 13650 Views

CBIC extends the time limit for claiming ITC to 30th Nov

29 September 2022 at 08:50

Central Government appoints the 1st day of October, 2022, as the date on which the provisions of sections 100 to 114, except clause (c) of section 110 and section 111, of the said Act shall come into force

Posted in GST | 8 comments | 17748 Views

Punjab Cabinet gave approval for amending state GST law

28 September 2022 at 08:33

The Punjab Cabinet on Monday gave the approval to amend the Punjab Goods and Services Tax Act, 2017, to enable ease of doing business in the state and facilitating the taxpayers.

Posted in GST | 1 comments | 3996 Views

GST collections in September may touch Rs. 1.5 lakh crore

27 September 2022 at 08:35

Goods and Services Tax (GST) collections in September, reflecting actual business transactions for the previous month, may come close to the Rs. 1.50 lakh crore mark with a record 78.21 million e-way bills being generated in the month of August

Posted in GST | 3156 Views

CGST Mumbai Zone busts case of non-payment of GST and fraud ITC availment

26 September 2022 at 08:28

The Bhiwandi Commissionerate of Central Goods and Service Tax (CGST) on Saturday busted a case of non payment of GST and fraudulent availment of ITC that amounted to Rs 78 crore.

Posted in GST | 2655 Views

Bengaluru-based online gaming firm gets Rs 21K crore GST notice

26 September 2022 at 08:28

DGGI has slapped a tax demand of Rs 21,000 crore on Bengaluru-based online gaming company Gameskraft Technology (GTPL), exposing the massive scale of tax evasion in the thriving betting and gaming industry.

Posted in GST | 6063 Views

CBIC clarifies on classification of cranes for GST, customs duty

24 September 2022 at 08:26

Central Board of Indirect taxes and Customs (CBIC) has offered clarity on the classification of mobile machines such as all-terrain cranes and truck-mounted cranes into motor vehicles and cranes

Posted in GST | 8301 Views

Rajasthan Assembly passes GST amendment bill

23 September 2022 at 08:35

The Rajasthan Assembly on Thursday passed the Rajasthan Goods and Services Tax (Amendment) Bill, 2022, which proposes that the registration of companies would not be cancelled even if they fail to file the return for six months.

Posted in GST | 5523 Views

CBIC develops system for online monitoring of GST audits

17 September 2022 at 07:29

Central Board of Indirect Taxes and Customs (CBIC) has developed a system for online monitoring of GST audits initiated by tax officials across the country for effective oversight of the audit process.

Posted in GST | 6504 Views