13 Sep 2022 03:18 PM
New

Shift in economy calls for review of tax framework

Source: https://www.livemint.com/politics/policy/shift-in-economy-calls-for-review-of-tax-framework-11663007877134.html

NEW DELHI : The legal framework of goods and services tax (GST) and customs, as well as officials working in the tax administration, need to be ready to deal with the shifts taking place in the economy, such as the expansion of the circular economy and growth in clean energy, Central Board of Indirect Taxes and Customs (CBIC) chairman Vivek Johri said.

13 Sep 2022 03:24 PM
New

8 New Functionalities for Taxpayers on GST Portal (August, 2022)

Source: https://taxguru.in/goods-and-service-tax/functionalities-taxpayers-gst-portal-august-2022.html

New Functionalities made available for Taxpayers on GST Portal in August, 2022 includes Enabling CORE Amendment Link For Taxpayers who fail To Update Bank account, Changes implemented in Form GSTR-3B, Late fee waiver up to 28th July, 2022, for delayed filing of return in Form GSTR-4 (Annual) for the FY 2021-22, Generation of GSTR-11 based on GSTR-1 / 5 for UIN holders, HSN based validation implemented in Form GSTR-9, Changes in HSN length validation in Form GSTR-1, Filing for Refund in Form RFD-01 for exports without payment of tax and Updation of Statistics on GST Portal.

13 Sep 2022 03:47 PM
New

E-Waybill for Gold provisioned in e-Waybill system

Source: https://taxguru.in/goods-and-service-tax/e-waybill-gold-provisioned-e-waybill-system.html

E-Waybill for Gold has been provisioned in the e-Waybill system. As per the notification issued by their respective states, the taxpayers may generate e-Waybill for Gold (comprising items belonging to HSN Chapter 71 only) for intrastate and interstate transactions.

13 Sep 2022 06:07 PM

No further extension of Maharashtra Amnesty Scheme 2022

Source: https://taxguru.in/goods-and-service-tax/representation-extension-maharashtra-amnesty-scheme-2012.html

With reference to the above referred representation from your association, you are requested to communicate to the members of your association that already enough time and opportunity has been provided for opening the Maharashtra Amnesty Scheme 2022 under the Maharashtra Settlement of Arrears of Tax, Interest and penalty or Late fee Act, 2022.

12 Sep 2022 06:06 PM

Mumbai: CGST Bhiwandi arrested the mastermind of the Fake GST invoice racket

Source: https://www.livemint.com/news/india/mumbai-cgst-bhiwandi-arrested-the-mastermind-of-the-fake-gst-invoice-racket-11662873901386.html

A fake invoice racket worth ₹132 crore and availing/passing on Input Tax credit of ₹23 crore was busted by the Bhiwandi Commisionerate of Central Goods and Services Tax (CGST) in the Mumbai Zone.

12 Sep 2022 06:11 PM

Firms can soon file claims for GST credits of ₹400 cr

Source: https://www.livemint.com/companies/news/firms-can-soon-file-claims-for-gst-credits-of-400-cr-11662912939096.html

NEW DELHI : Businesses are set to get credits for taxes paid in the pre-goods and services tax (GST) era worth about ₹400 crore, with the government set to open a special window for businesses to file their claims from 1 October.

12 Sep 2022 06:17 PM

Repeated Arrest of GST Officials by Local Police: Commissioner writes to Chief Secretary

Source: https://taxguru.in/goods-and-service-tax/repeated-arrest-gst-officials-local-police-commissioner-writes-chief-secretary.html

With deep anguish, I would like to bring into your notice the unfortunate incident regarding arrest of CGST officers who were conducting checks of E-way bills, being empowered under CGST Act of the vehicles parked near NRL Petrol Pump at Chumbreithong, along Imphal – Dimapur National High Way as empowered under CGST Act,2017. During the check. a Police team from Heingang PS arrived and altercation developed with the Enforcement team, on an allegation of extortion from the truck drivers. Ensuing the altercation, the Police team took the Enforcement team. to the Police Station at Heingang PS at around 0330 hrs.

10 Sep 2022 03:54 PM

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.

10 Sep 2022 04:00 PM

CBIC chief favours swift tax probes, modern approach to tax collection

Source: https://www.livemint.com/companies/people/cbic-chief-favours-swift-tax-probes-modern-approach-to-tax-collection-11662654192430.html

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:

10 Sep 2022 04:06 PM

CBIC issues guidelines for claiming GST transitional credit

Source: https://www.livemint.com/news/india/cbic-issues-guidelines-for-claiming-gst-transitional-credit-11662792670678.html

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.