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GST Council Forms GoM to Review Tax Rates on Health and Life Insurance Premiums
17 September 2024 at 09:08The GST Council on Sunday formed a 13-member Group of Ministers (GoM) to recommend changes to the Goods and Services Tax (GST) rates on health and life insurance premiums.
GST Evasion Doubles to Rs 2.01 Lakh Crore in FY24; Mumbai Leads in Detection
17 September 2024 at 09:06According to the DGGI's latest annual report, Mumbai topped the charts with the highest GST evasion of Rs 70,985 crore, followed by Delhi (Rs 18,313 crore), Pune (Rs 17,328 crore), Gurugram (Rs 15,502 crore), and Hyderabad (Rs 11,081 crore).
Govt May Establish Panel to Enforce Regulatory Compliance for Online Gaming Platforms
17 September 2024 at 09:04In a bid to curb the rapid proliferation of online gaming platforms and ensure regulatory compliance, the Directorate General of GST Intelligence (DGGI) has proposed the establishment of an inter-departmental committee.
GST Evasion Surges to Rs 2.01 Lakh Crore in FY24
16 September 2024 at 09:09In the 2023-24 fiscal year, the Directorate General of GST Intelligence (DGGI) detected a staggering Rs 2.01 lakh crore in GST evasion across 6,084 cases, according to the agency's annual report.
3 Mumbai Businessmen Arrested in GST Fraud: Fake ITC Claims via 8 Shell Companies
16 September 2024 at 09:07In a major crackdown on fraudulent Input Tax Credit (ITC) claims, the Central Goods and Services Tax (CGST) Palghar Commissionerate has uncovered a fake ITC racket amounting to Rs. 59.11 crore.
Rs 1,400 Crore GST Evasion: Former Chief Secretary Somesh Kumar Under CID Scrutiny
16 September 2024 at 09:02The Crime Investigation Department (CID) is getting ready to interrogating some of the officials of the commercial taxes department including the former Chief Secretary Somesh Kumar in connection with a GST scam.
Zomato to Challenge Rs 5.6 Crore GST Demand from West Bengal Government
16 September 2024 at 09:01On September 14, Zomato announced its intention to appeal a recent GST order from the West Bengal government, which demands a total of Rs 5.6 crore for the period from April 2020 to March 2021.
Bring Bun and Cream Separately: TN Hotelier's GST Quip Sparks Reaction from FM Sitharaman
14 September 2024 at 17:28In a recent interaction held in Coimbatore with the Union Finance Minister Nirmala Sitharaman, a hotelier tried to make her understand the complexity of GST in India comically.
Finance Minister Examines GST Requests from Hotels for Food Items
14 September 2024 at 09:25Finance Minister Nirmala Sitharaman announced in Coimbatore on Thursday that a Group of Ministers (GoM) is actively reviewing the demands of the hotel industry regarding GST on various food items.
TCS Employees Receive Income Tax Demand Notices Over TDS Claims
14 September 2024 at 09:20Employees of Tata Consultancy Services (TCS) have recently been issued tax demand notices by the Income Tax Department over discrepancies in their Tax Deducted at Source (TDS) claims.
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