26 May 2022 12:35 PM
New

Inflation spike leads to delay in revision of GST rates

Source: https://www.livemint.com/economy/inflation-spike-leads-to-delay-in-revision-of-gst-rates-11653504391191.html

NEW DELHI : The planned goods and services tax (GST) rate revision to boost the revenue of the Centre and states is likely to be delayed due to a spike in inflation, and the Centre is examining ways to tame prices, including by improving logistics for commodities such as cement, a government official said on Wednesday.

26 May 2022 01:18 PM
New

Gurugugram CA arrest by GST Dept. – Submission by Dept. in Court

Source: https://taxguru.in/goods-and-service-tax/gurugugram-ca-arrest-gst-dept-submission-dept-court.html

Brief facts of the case are that an intelligence was developed by the officers of Anti Evasion, CGST, which revealed that two nonexistent and non-operational firms namely M/s Brista Fashion (GSTIN 06AYZPS4458F1ZN and M/s Alexalmpecs Solutions (GSTIN 06EQFPD5351C1ZA) have filed and uploaded a CA certificate in the applications for refund and it was found that the said CA certificates were issued by AS Mahalawat & Associates.

26 May 2022 01:27 PM
New

Govt to share details of Commercial Rent/Lease Deed to curb evasion of GST

Source: https://taxguru.in/goods-and-service-tax/govt-share-details-commercial-rent-lease-deed-curb-evasion-gst.html

Haryana Revenue Department to share data of Commercial Rent/Lease Deed with Haryana Excise and Taxation Department to curb evasion of GST.

26 May 2022 01:37 PM

Gorakhpur advocates not allowing CAs to appear before VAT/State GST Authorities

Source: https://taxguru.in/goods-and-service-tax/gorakhpur-advocates-allowing-cas-appear-vat-state-gst-authorities.html

Gorakhpur Chartered Accountants Association has in made a representation to Local GST Authorities for not allowing them to visit GST offices to Chartered Accountants allegedly by Few advocates and it is learnt by us that same is still continuing.

26 May 2022 01:48 PM

Latest GST Ready Reckoner – 2022 by CA Raman Singla

Source: https://taxguru.in/goods-and-service-tax/gst-ready-reckoner-2022-ca-raman-singla.html

This GST Ready Reckoner is a masterpiece written by CA Raman Singla to simplify the most complex tax structure of the world to assist GST Professionals, Businessmen, Tax Payers and Other Stakeholders connected and impacted with GST Law enabling them to maintain a compliant and hassle- free tax structure. Considering the need to address the notices of GST department connected to audit and assessment matters, we have covered in detail, the most sought-after topic ‘GST Audit and Health Check-Up Techniques’ as a bonus to the readers.

26 May 2022 06:48 PM

Uttar Pradesh tops in GST registrations; small businesses dominate

Source: https://www.livemint.com/economy/uttar-pradesh-tops-in-gst-registrations-small-businesses-dominate-11653565883883.html

NEW DELHI: Uttar Pradesh is home to the largest number of businesses in the country registered for paying Goods and Services Tax (GST), with small businesses accounting for the chunk. This makes the most populous state in the country a hub for small entrepreneurs, show official data.

26 May 2022 06:57 PM

Gurugram GST Refund case: Trial Court dismisses Bail application of Sunil Mehlawat

Source: https://taxguru.in/goods-and-service-tax/gurugram-gst-refund-case-trial-court-dismisses-bail-application-sunil-mehlawat.html

It is argued by the learned counsels for the applicant/accused that the applicant/accused has been practicing as C.A. since past 6 years and has been falsely implicated with the allegations that UDIN number, ID and password of the applicant has been misused by co-accused Gaurav Dhir. It is further averred that even as per the allegations in the complaint, the applicant is not accused of misappropriation of a single rupee. It is further argued that the case of the prosecution is that the applicant was unaware of submission of the request by co-accused Gaurav Dhir in the GST department and even from perusal of the statement, the role as described by the prosecution, no offence under Section 132 (b), (c), (d) of GST is made out against the applicant/accused and further nothing is to be recovered from the applicant/accused. With these submissions it is prayed that applicant/accused may be granted concession of bail.

26 May 2022 07:11 PM

Gurugram GST Refund case: Trial Court dismisses Bail application of Gaurav Dhir

Source: https://taxguru.in/goods-and-service-tax/gurugram-gst-refund-case-trial-court-dismisses-bail-application-gaurav-dhir.html

It is argued by the learned counsel for the applicant/accused that the applicant/accused has no concern with the alleged offence and he has been falsely implicated with the allegations that co-accused Sunil Mehlawat had shared his UID number, ID and Password with the applicant/accused and the same has been misused by the applicant/accused. It is further argued by learned defence counsel that nothing is to be recovered from the applicant/accused and the case of the prosecution is fake and fictitious and the applicant/accused is not a previous convict and having good antecedents. With these submissions it is prayed that applicant/accused may be granted concession of bail.

25 May 2022 04:00 PM

India's GDP to grow at 8.2% in FY23, seen at 9% next fiscal: ICICI Securities chief economist

Source: https://www.livemint.com/news/india/indias-gdp-to-grow-at-8-2-in-fy23-seen-at-9-next-fiscal-know-more-11653470549930.html

India's lowering of borrowing requirement is expected to push private investment which will cushion the country's economic growth to 8.2% in the current financial year FY23. ICICI Securities' chief economist expects the GDP to further accelerate by 9% in fiscal 2023-24.

24 May 2022 01:21 PM

ICAI vs CBIC: two officials suspended

Source: https://www.livemint.com/news/india/icai-vs-cbic-two-officials-suspended-11653320878971.html

Sitharaman held a meeting with a delegation from the ICAI led by the Institute’s vice president Aniket Sunil Talati Saturday to discuss various issues, including ongoing investigations by CGST Gurugram into alleged role of their members in fraudulent GST refunds.