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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 |   5541 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 |   7329 Views


Bihar-based daily wage labourer gets income tax notice of Rs 14 crore

   21 December 2022 at 08:52

A Bihar-based daily wage labourer, who earns Rs 10,000 to Rs 20,000 per month was shocked to his core as he received an income tax notice of Rs 14 crore at his house in Rohtas.

Posted in Income Tax |   6672 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 |   7065 Views


MCA plans of introducing staggered deadlines for submission of compliance documents

   20 December 2022 at 08:47

The Ministry of Corporate Affairs (MCA) is planning to introduce staggered deadlines for the submission of compliance documents, said a senior government official.

Posted in Corporate Law |   4395 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 |   5313 Views



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