- 21 May 2022 04:29 PM
- New
Tweet by CGST Panchkula on Arrest of two Chartered Accountants
Source: https://taxguru.in/goods-and-service-tax/tweet-cgst-panchkula-arrest-chartered-accountants.html
On the basis of a specific complaint and careful data analysis, officers of the CGST Gurugram Commissionerate detected a case of fraudulent availment of ITC and consequent refunds of about Rs. 20 Crore in the name of 8 firms found to be non – existent Investigation conducted thus far has revealed the involvement of three persons.
Read More
- 21 May 2022 04:41 PM
- New
CGST Mumbai unearths fake tax credit network and arrests one
Source: https://taxguru.in/goods-and-service-tax/cgst-mumbai-unearths-fake-tax-credit-network-arrests.html
The officers of Anti-Evasion wing of CGST Commissionerate Mumbai East of Mumbai Zone have unearthed a fake Input Tax Credit (ITC) Network and arrested the Director of a Kurla based company for GST fraud.
Read More
- 21 May 2022 04:54 PM
- New
Complaint against CGST Commissioner for wrongful detention of 60-70 CAs
Complaint against Commissioner CGST Sector-32 Gurugram for wrongfully restraining & confining and illegal detention of around 60-70 Chartered Accountants as well as for manhandling by use of criminal force and thereby assaulting by officials of CGST upon the directions of Commissioner CGST.
Read More
- 20 May 2022 02:21 PM
India’s GST appeal process requires urgent reforms too
The Supreme Court’s verdict on the powers of the Goods and Services Tax Council is a landmark. It correctly interprets the 101st Constitutional amendment, which ushered in the era of a nationwide GST, as not explicitly prohibiting states from legislating on those very taxes.
Read More
- 20 May 2022 02:51 PM
Don’t let it splinter
Source: https://www.livemint.com/opinion/quick-edit/dont-let-it-splinter-11652982640908.html
The Supreme Court on Thursday ruled that recommendations of the Goods and Services Tax (GST) Council are advisory in nature and not binding on either the Central government or states; the latter, the apex court held, retain their powers to legislate on taxes.
Read More
- 20 May 2022 03:08 PM
SC says GST Council decisions not binding on Centre and states
NEW DELHI : The recommendations of the Goods and Services Tax (GST) Council are not binding on either the Union government or the states, the Supreme Court ruled on Thursday, rejecting the Centre’s argument that the entire structure of GST would crumble if the Council’s mandates are not treated as enforceable.
Read More
- 20 May 2022 03:44 PM
Fraudulent ITC availment of 160 crore- DGGI Gurugram arrests one person
DGGI Gurugram arrests one person for fraudulently availing ITC of more than 160 crore through a network of 10 fake firms
Read More
- 19 May 2022 05:40 PM
One arrested for running tax credit racket
Source: https://www.livemint.com/news/india/one-arrested-for-running-tax-credit-racket-11652957760289.html
Listen to this article
NEW DELHI: The Directorate General of GST Intelligence (DGGI) has detected a case of input tax credit irregularity of more than ₹160 crore involving a network of non-existent and fake firms, the finance ministry said on Thursday.
- 19 May 2022 06:07 PM
Centre, states have equal authority to legislate on GST: Supreme Court
The Supreme Court said on May 19 that the GST council's recommendations were not binding on the Union and states. However, they do have a persuasive value because of the country's cooperative federal structure. A bench of Justices DY Chandrachud, Surya Kant, and Vikram Nath also stated that the Centre and states had concurrent rights to legislate on GST, but that the council must work together to reach an acceptable solution. According to Article 246A, both Parliament and the state legislatures have equal authority to legislate on taxation issues.
Read More
- 19 May 2022 06:40 PM
SC rules GST Council's recommendations are not binding on Centre and states
In a significant verdict, the Supreme Court today ruled that recommendations of the GST Council isn't binding on Centre and States. It only has a persuasive value
A bench led by Justice DY Chandrachud held that the Central government and States have simultaneous powers to legislate on Goods and Service Tax (GST).