- 10 Aug 2022 06:14 PM
- New
6 recent measures taken by Govt to check tax evasion through fake firms
Source: https://taxguru.in/goods-and-service-tax/recent-measures-govt-check-tax-evasion-fake-firms.html
(a) whether incidents of Goods and Services Tax (GST) evasion through fake firms have come to light in the country;
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- 10 Aug 2022 06:16 PM
- New
No recommendation by GST Council for change in existing GST rate slabs
(a): GST rates/ rate slabs applicable on goods and services are prescribed on the recommendations of the GST Council, which is a constitutional body comprising of representatives from States/UTs and Centre. At present, there is no recommendation from the GST Council for change in the existing GST rate slabs.
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- 10 Aug 2022 06:22 PM
- New
Steps taken by Government to achieve target of 5 trillion dollar economy
(a) whether it is true that higher tax collection in the last financial year is due to boom in the Service Sector
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- 09 Aug 2022 04:28 PM
CGST Bhiwandi busts fraudulent availment of ITC of Rs. 78 crore
CGST Bhiwandi Commissionerate busts a case of non -payment of GST and fraudulent availment of ITC, amounting to Rs. 78 crore
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- 09 Aug 2022 04:35 PM
System verified flow of ITC & Simple GST Return yet to be implemented: CAG
Compliance Audit Report of the Comptroller and Auditor General of India on Goods and Services Tax (Report No. 5 of 2022) for the year ended March 2021 was presented in Parliament here today. The Report contains significant results of compliance audit of Central Board of Indirect Taxes and Customs (CBIC) under the Department of Revenue. This report is divided into six chapters with money value of Rs. 1,251.18 crore.
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- 08 Aug 2022 02:47 PM
NITI Aayog meet: Bhupesh Baghel seeks extension of GST compensation for 5 years
Chhattisgarh Chief Minister Bhupesh Baghel again sought a five-year extension for the compensation to states in lieu of a fall in revenue due to the implementation of Goods and Services Tax (GST).
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- 08 Aug 2022 02:58 PM
Maharashtra GST busts fake ITC racket
Source: https://taxguru.in/goods-and-service-tax/maharashtra-gst-busts-fake-itc-racket.html
Maharashtra Goods & Service Tax Department has arrested Mr. Brijesh Vanitlal Shah, age- 48, operator of M/s. Om Impex and two other firms, on 04.08.2022 under the special investigation operation carried out against tax evading firms.
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- 08 Aug 2022 06:03 PM
Indian economy to grow 7.1% in FY23: CareEdge Ratings
BENGALURU: The Indian economy likely to grow 7.1% in FY23 on the back of steady performance by services, manufacturing and the farm sectors, CareEdge Ratings said in a report on Monday. It, however, said government spending will play a crucial role in boosting the growth rate, while improving industrial capacity utilisation levels will help boost private investment cycle.
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- 06 Aug 2022 04:49 PM
Mamata Banerjee meets PM Modi, seeks urgent release of funds. Details here
NEW DELHI : Even as former cabinet minister of West Bengal Partha Chatterjee and his aide Arpita Mukherjee were sent to the Enforcement Directorate (ED)'s custody for 14 days, the Chief Minister of West Bengal Mamata Banerjee met Prime Minister Narendra Modi in Delhi.
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- 06 Aug 2022 05:10 PM
One arrested for fraudulently availing ITC of more than Rs 50 crore
Source: https://taxguru.in/goods-and-service-tax/one-arrested-fraudulently-availing-itc-rs-50-crore.html
On the basis of an alert, an investigation against M/s Niyati Steels has been undertaken by CGST Delhi West Commissionerate. One Shri Karan Kumar Aggarwal in his voluntary statements has admitted that he looks after all day-to-day transactions and operations of the said firm. The said firm has availed ITC of Rs 7.7 crore from non-existent entities.
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