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Latest Articles in gst bill
GST Officers Arrest 2 For Fraudulently Availing Rs 10.33 Cr ITC
The investigation spanned multiple locations in Delhi-NCR. Based on documentary evidence and statements recorded, it was ascertained that Paras Arora and Devpal Soni, both directors of the firm, were key players in the network of companies availing fraudulent ITC.
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High GST, Acquisition Cost Slowing Down Car Demand, Says MSI Chairman
The performance in the next three quarters will largely depend on how effectively people get vaccinated and observe safety protocols.
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Enhanced GST Mop-up Of Recent Months Should Now Be 'New Normal': FM
For eight months in a row, Goods and Services Tax (GST) revenues have crossed Rs 1 lakh crore mark and touched a record Rs 1.41 lakh crore in April 2021.
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Why Should India Include Natural Gas In GST?
Natural gas is promoted world over today, with the Indian government expanding gas projects at a fast pace.
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6.03 Crore GST E-invoices Generated In Dec 2020
The government had made it mandatory for businesses with turnover of over Rs 500 crore to generate electronic invoice or e-invoice for B2B transactions, from October 1, 2020.
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GST Compensation Gap Can't be Met from Consolidated Fund: AG
The Finance Minister Nirmala Sitharaman held 41st Goods and Services Tax (GST) Council meeting on August 27 were it was said that the GST collections got severely impacted due to Pandemic
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GST Reduced Tax Rates, Doubled Taxpayer Base To 1.24 Cr: FinMin
The number of assessees covered by the GST at the time of its inception were about 65 lakh. Now the assessee base exceeds 1.24 crore.
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Three Years of GST In India: Coming Of Age
India has a long way to go, and GST is still an evolving indirect tax system. Here’s hoping the next few years will bring about a much-needed economic revolution for the country with digital transformation in tax function, e-invoicing, new return system, rate rationalisations, improved compliance procedure and measures to curb tax evasion.
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Over 1,200 Exporters Untraceable, Rs 350 Crore Fake IGST Refunds Saved
More than 800 entities have been detected in the past five months while exporting overvalued merchandise of Rs 1,500 crore to claim fake IGST refunds.
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931 GST Fraud Cases Identified Through Data Analytics
GST formations booked 6,641 cases involving 7,164 entities till November last year and recovered about Rs 1,057 crore.
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Officials Discuss Ways To Streamline GST System, Curb Evasion
The discussions focussed on a road ahead for e-invoicing, new return system and feedback, e-way bill linking with Fastag, pendency of refunds, linkage of Aadhaar to GST registration, enforcement module use without overreach and QR codes.
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FinMin Sets Rs 1.1 Lakh Crore Monthly GST Collection Target
Officers have been particularly urged to ensure that during field enforcement drive and visits, no taxpayer is overreached or troubled.
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Centre Planning To Come Up With Lottery Scheme For GST Paying Customers
The bill will have to be uploaded on a dedicated portal or app which will be made later.
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Decoding GST On Diwali Offers
Here is a list of some of the common promotional schemes and their GST treatment
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GST Panel Likely To Recommend Tax Cuts On 20-25 Products: Sources
The proposed GST tax cuts will have limited impact on government revenue, the sources said.
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