- 10 Sep 2022 03:54 PM
- New
Tata Play ordered to pay ₹450 crore for alleged GST related profiteering
Source: Tata Play ordered to pay ₹450 crore for alleged GST related profiteering
NEW DELHI : The National Anti-Profiteering Authority (NAA) has ordered Tata Play Ltd. to deposit ₹450 crores with interest in designated consumer welfare funds for allegedly profiteering after the introduction of Goods and Services Tax (GST), showed an official order.
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- 10 Sep 2022 04:00 PM
- New
CBIC chief favours swift tax probes, modern approach to tax collection
NEW DELHI : The Central Board of Indirect Taxes and Customs (CBIC) will try to complete all tax investigations within a year to give certainty to taxpayers, while all tax collection measures will follow a modern and non-intrusive approach, CBIC chairman Vivek Johri said in an interview. Johri said the case for further goods and services tax (GST) rationalization and correction of duty anomalies is sound, and the only question is about implementation timing. Edited excerpts:
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- 10 Sep 2022 04:06 PM
- New
CBIC issues guidelines for claiming GST transitional credit
New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has issued a set of guidelines for businesses to claim credit for the taxes paid in the pre-GST era, which will be processed from 1 October.
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- 10 Sep 2022 04:16 PM
CGST Mumbai busts Rs. 142 Crore fake GST invoice racket
Source: https://taxguru.in/goods-and-service-tax/cgst-mumbai-busts-rs-142-crore-fake-gst-invoice-racket.html
Officers of CGST Mumbai South Commissionerate have busted a fake GST invoice racket, which was used to pass on fake GST Input Tax Credit (ITC) of Rs. 27.80 crore on invoices of Rs 142 Crore, and have arrested the Director of M/s Techno Satcomm India Pvt. Ltd. for issuing GST invoices without actual supply of goods.
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- 10 Sep 2022 04:19 PM
Fake ITC on bogus invoices – Navi Mumbai CGST arrests one person
On 7th September 2022, the Director handling the business activities of M/s Robosteel Trading Pvt. Ltd. (GSTIN:AACCR8701J1Z8) has been arrested by CGST, Navi Mumbai on the charges of availing/utilizing/passing on fake Input Tax Credit (ITC) which was received from bogus/fake entities amounting to Rs 181.67 Crores (Availed Rs.87.48 Crores and passed on Rs.94.19 Crores).
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- 08 Sep 2022 05:44 PM
Exotic animals, toxic waste among smuggled items seized by customs officials
Officers of the air intelligence unit of Bengaluru customs intercepted 65 live star tortoises, while officers at Tughlakabad intercepted 22 tn of hazardous e-waste
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- 07 Sep 2022 04:57 PM
Industry hails GoM’s move to tax online gaming separately
India’s online gaming industry is heaving a sigh of relief after a decision by a Group of Ministers (GoM) to treat online gaming separately from horse racing and gambling while imposing taxes.
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- 06 Sep 2022 04:41 PM
Ministerial group to finalise report on horse racing, casinos, online gaming in a week
Meghalaya CM Conrad Sangma, who chairs the group of ministers, said that all the three games are not the same and that they function in very different ways
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- 06 Sep 2022 04:54 PM
Gaming industry lauds GoM move to tax online gaming separately
NEW DELHI: The online gaming industry is heaving a collective sigh of relief after the Group of Ministers (GoM) decided not to mix online gaming with horse racing and gambling. In July, the GST Council had decided to increase taxes on the industry to 28% from 18%, which was largely accepted by industry stakeholders.
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- 02 Sep 2022 05:52 PM
GST revenue over ₹1.43 tn in August
NEW DELHI : Central and state governments collected over ₹1.43 trillion in Goods and Services Tax (GST) revenue in August, showing a 28% jump from a year ago. In August 2021, the GST mop-up was ₹1.12 trillion.
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