Fake ITC racket of Rs. 10.68 Crore busted, A steel firm owner arrested
  • 04 Feb 2022 03:16 PM
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Fake ITC racket of Rs. 10.68 Crore busted, A steel firm owner arrested

Source: https://taxguru.in/goods-and-service-tax/fake-itc-racket-rs-10-68-crore-busted-steel-firm-owner-arrested.html

Report this ad Officers of CGST, Navi Mumbai have busted a racket which issued bogus invoices of Rs 60 cr and fake ITC of Rs 10.68 cr & arrested proprietor of M/s Navnit Steel on 02.02.22. He has been remanded to JC for 14 days by Judicial Magistrate.

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One arrested in Haryana in Fraudulent ITC availment case of Rs. 7 Crore
  • 02 Feb 2022 06:10 PM
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One arrested in Haryana in Fraudulent ITC availment case of Rs. 7 Crore

Source: https://taxguru.in/goods-and-service-tax/one-arrested-haryana-fraudulent-itc-availment-case-rs-7-crore.html

Government of Haryana Excise and Taxation Department Haryana State GST – Intelligence Unit 29th January, 2021 Press Release Subject: – Arrest of Sh. Vinod Kumar Goyal, Proprietor, M/s S. V. INDUSTRIAL ENTERPRISES (GSTIN – 06ACGPG7686J1Z6), Loha Mandi, Nehru Ground NIT Faridabad

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GST Liability paid percentage – Calculation methodology
  • 02 Feb 2022 05:38 PM
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GST Liability paid percentage – Calculation methodology

Source: https://taxguru.in/goods-and-service-tax/gst-liability-paid-percentage-calculation-methodology.html

Liability paid percentage – Calculation methodology Liability paid percentage = (Liability paid / Liability auto drafted) *100 Liability paid: This is the sum of total liability (Other than reverse charge and reverse charge) paid by the taxpayer in Form GSTR-3B for a particular period.

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Admiration of CGST for expeditious granting of GST Registration
  • 02 Feb 2022 05:49 PM

Admiration of CGST for expeditious granting of GST Registration

Source: https://taxguru.in/goods-and-service-tax/admiration-cgst-expeditious-granting-gst-registration.html

CAAS appreciates the policy implementation by CGST Vadodara Zone with respect to issuing of speedy & non-invasive GST Registrations in matter of hours & at the most taking 2 days as promised under the Citizen Charter of CBIC.

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Representation on hardships being faced in obtaining new GST registration
  • 02 Feb 2022 06:03 PM

Representation on hardships being faced in obtaining new GST registration

Source: https://taxguru.in/goods-and-service-tax/representation-hardships-faced-obtaining-gst-registration.html

Representation with respect to hardships being faced while obtaining new GST registration number & Request to issue suitable SOP and Trade Notice or Circular or Guidelines with respect to new GST registration by All Gujarat Federation of Tax Consultants and Income Tax Bar Association, Ahmedabad.

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Rs. 1,38,394 crore Gross GST Revenue collected for January 2022
  • 02 Feb 2022 06:07 PM

Rs. 1,38,394 crore Gross GST Revenue collected for January 2022

Source: https://taxguru.in/goods-and-service-tax/rs-138394-crore-gross-gst-revenue-collected-january-2022.html

Rs 1,38,394 crore Gross GST Revenue collected for January 2022 GST collection crossed Rs 1.30 lakh crore mark for the 4th time Revenues for the month of January 2022 15% higher than GST revenues in the same month last year and 25% higher than the GST revenues in January 2020

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Bogus network of 275 firms involving fake invoices of ₹ 3100 cr busted
  • 28 Jan 2022 05:59 PM

Bogus network of 275 firms involving fake invoices of ₹ 3100 cr busted

Source: https://taxguru.in/goods-and-service-tax/bogus-network-275-firms-involving-fake-invoices-%E2%82%B9-3100-cr-busted.htm

The Directorate of Goods and Service Tax Intelligence, Ghaziabad Regional Unit has busted a syndicate involved in creating and controlling fake firms and issuing of bills by these fake firms without supply any Goods or Services and encashment of GST refund.

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34 Suggestion on Budget 2022 Proposal for GST
  • 24 Jan 2022 06:39 PM

34 Suggestion on Budget 2022 Proposal for GST

Source: https://taxguru.in/goods-and-service-tax/34-suggestion-budget-2022-proposal-gst.html

BJP Professional Cell, Mumbai has made a representation to Honorable Union Finance Minister and suggested 34 changes related to GST in Union Budget 2022 so that difficulties faced by Common GST Taxpayers can be removed.

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Businessman arrested for running fake ITC network
  • 24 Jan 2022 06:51 PM