Source: https://www.livemint.com/news/india/gst-officials-bust-fake-invoice-racket-11645451501355.html
The arrested person was the director of a company in Navi Mumbai, who has now been remanded to Judicial custody for 14 days by a magistrate
Read MoreCGST Commissionerate, Raigad of CGST Mumbai Zone busts a fake ITC racket – Case is a part of special Anti-Evasion drive launched by CGST
Read MoreAs part of a special Anti-Evasion drive launched by CGST Mumbai Zone, CGST Commissionerate, Belapur arrested one of the Directors of M/s. Fantasia Trade Pvt. Ltd., Navi Mumbai for availing and passing on of inadmissible fake Input Tax Credit of Rs.81 Crore by using bogus invoices of Rs.479 Crore.
Read MoreA representation has been sent to CBIC requesting Waiver of late fees for non- filing of annual return ( GSTR-4) by composition dealers. We understand that many of your clients may be facing the same problem of non- filing of GSTR-4 due to which late fees would be levied on them. You may consider to submit a letter to CBIC on similar lines, in the interest of the small traders
Read MoreSource: https://taxguru.in/goods-and-service-tax/request-extend-due-date-submission-form-gstr-9-9a-9c.html
Humble request to extend “due date” for submission of FORM GSTR-9, 9A and 9C under GST for the year 2020-21.
Read MoreSource: https://taxguru.in/goods-and-service-tax/request-extend-due-date-filing-gstr3b-3-days-punjab.html
Sub : Extension of due date for mere 03 days for filing GSTR3b from 20th February.
2022 due to polling day in Punjab
Source: https://taxguru.in/goods-and-service-tax/gst-council-newsletter-month-january-2022.html
GST Revenue Collection For January, 2022
Rs 1,38,394 crore Gross GST Revenue collected for January 2022
The gross GST revenue collected in the month of January 2022 till 3:00 PM on
31.01.2022 is Rs 1,38,394 crore of which CGST is Rs 24,674 crore, SGST is Rs 32,016
crore, IGST is Rs 72,030 crore (including Rs 35,181 crore collected on import of goods)
and cess is Rs 9,674 crore (including Rs 517 crore collected on import of goods). The
highest monthly GST collection has been Rs 1,39,708 crore in the month of April 2021.
CGST Commissionerate, Navi Mumbai has busted a fake ITC racket of about Rs. 21
crores and arrested the proprietor of M/s. Shree Ram Enterprise (GSTIN:
27FPAPS4153A1Z3) today. The firm was engaged in availing,utilizing and passing on a
fraudulent Input Tax Credit (ITC) on the bogus invoices of around Rs. 100 Crores thereby
defrauding the government exchequer.
At the inception of GST, the availment of ITC was envisaged as a
two-way communication whereby the supplier would upload the
supply invoice details on the common portal and the recipient, on
a real-time basis, would accept/reject the same.
Subject: Instructions for enabling Internal Control Mechanism for Refunds in GST.
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