The communication noted that the uptick in GST receipts continued and collections for the month of November at ₹1.31 trillion, the second highest so far since the roll out of GST, was a welcome sign of a reviving economy
Read MoreSource: https://taxguru.in/goods-and-service-tax/features-tax-information-portal-launched-cbic.html
CBIC has launched a revamped tax information portal https://taxinformation.cbic.gov.in/. With the help of this portal, all indirect tax legislations, rules, regulations and forms will be available for the easy reference of taxpayers. CBIC will continuously update and expand this portal in a phased manner.
Read MoreThe officers of CGST Mumbai Central Commissionerate have smashed a racket of fake Input Tax Credit (ITC) generators, who had been passing this fake ITC to the tune of Rs. 35 crores to various entities. The officers have arrested the kingpin for generating and passing on this fake credit to more than 15 entities in and around Mumbai.
Read MoreAs per the provisions of the GST (Compensation to States) Act, 2017, GST compensation for financial years 2017-18, 2018-19 and 2019-20 has already been paid to the States. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha today.
Read MoreSource: https://taxguru.in/goods-and-service-tax/features-tax-information-portal-launched-cbic.html
Introduction
CBIC has launched a revamped tax information portal https://taxinformation.cbic.gov.in/. With the help of this portal, all indirect tax legislations, rules, regulations and forms will be available for the easy reference of taxpayers. CBIC will continuously update and expand this portal in a phased manner.
Transparency as to employee compensation leads to better taxation of employee incomes. The more complete the GST chain, the better eventual realisations of both direct and indirect taxes.
Read MoreFrom January 1, 2022, Food delivery apps will primarily collect5% GST with the government, on behalf of the restaurants, for deliveries made by these platforms. This has been proposed by the government with a motive to bring several restaurants under the GST regime.
Read MoreSource: https://taxguru.in/goods-and-service-tax/fake-itc-worth-rs12-crores-busted-thane-cgst-arrested.html
The officers of CGST Thane Commissionerate acting on specific intelligence developed by CIU, Mumbai CGST Zone, booked an anti-evasion case and arrested the Proprietor of M/s. Star Scrap Steel.
Read MoreAnmi said that Indian capital market is burdened with numerous transaction cost which includes various direct and indirect taxes, such as STT, GST, and stamp duty
Read MoreSource: https://taxguru.in/goods-and-service-tax/tax-discussion-parliament-25-11-2021.html
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA
UNSTARRED QUESTION NO. 53