- 10 Sep 2022 04:16 PM
- New
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
- New
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
- New
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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- 02 Sep 2022 06:01 PM
India: GST collections remain above for ₹1.4 lakh crore for sixth straight month | Details
Government of India collected goods and services tax (GST) worth ₹1,43,612 crore in August this year. According to the finance ministry, the revenue collected in August was 28% higher than the one collected in the same month last year.
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- 02 Sep 2022 06:08 PM
August GST revenue collection up 28% YoY at Rs 1.44 lakh cr
The gross GST revenue collected in the month of August 2022 stood at Rs 1,43,612 crore, up 28% on a year-on-year basis, the Finance Ministry said in a statement on Thursday. With this, the monthly GST revenues have exceeded Rs 1.4 lakh crore for six months in a row.
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- 01 Sep 2022 06:07 PM
August GST receipts to cross ₹1.42 trillion
Source: https://www.livemint.com/economy/august-gst-receipts-to-cross-rs-1-42-trillion-11661964389987.html
NEW DELHI : Goods and Services Tax (GST) collections for August is estimated to cross ₹1.42 trillion, growing by 27% from the same time a year ago, department of economic affairs secretary Ajay Seth said at a briefing.
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