- 16 Nov 2021 02:13 PM
- New
E-way bill generation slackens in November post festive season spur
About 24.1 million e-way bills were generated in the first half, with the daily average at 1.72 million. The full month is likely to see around 52 million e-way bills, and experts said the situation needs to be monitored carefully as e-way bill generation is a proximate indicator of Goods and Services Tax (GST) collection.
Read More
- 16 Nov 2021 02:31 PM
- New
CBIC Chairman inaugurates Customs & GST pavilion at 40th India International Trade Fair
Source: https://pib.gov.in/PressReleasePage.aspx?PRID=1772102
Shri M. Ajit Kumar, Chairman, CBIC, inaugurated the Customs & GST pavilion here today at Hall no.12 of Pragati Maidan, New Delhi.
Read More
- 15 Nov 2021 02:23 PM
- New
GST fraud worth ₹34 cr unearthed in Delhi, 7 firms under probe
The modus operandi involved creating multiple firms with the intent to avail or utilize and pass on inadmissible credit
Read More
- 13 Nov 2021 01:42 PM
Notices to firms after mismatch in GST tax credits
The GST framework allows companies to set off part of their future tax liability against GST paid by them on the raw materials sourced from suppliers.
Read More
- 12 Nov 2021 01:40 PM
Buoyant GST receipts show economic recovery: Bhagwat Karad
Karad said there were some hiccups in GST implementation when it was introduced four years ago, but with feedback and suggestions from tax practitioners, these problems are being ironed out gradually
Read More
- 12 Nov 2021 02:12 PM
Can petrol, diesel prices fall further soon? What Nitin Gadkari says
The GST Council on 17 September had decided to continue keeping petrol and diesel out of the GST purview, as subsuming the current excise duty and VAT (value-added tax) into one national rate will impact revenues
Read More
- 10 Nov 2021 02:11 PM
CBIC for strict enforcement to check fake invoicing
The move to step up regulatory oversight to check irregularities in invoicing comes following a series of fake invoicing cases coming to light in recent months
Read More
- 10 Nov 2021 02:41 PM
Digital GST Ready Reckoner by CA Raman Singla
Source: https://taxguru.in/goods-and-service-tax/digital-gst-ready-reckoner-ca-raman-singla.html
With the advent of newer technologies, learning has become increasingly digital. You can now choose the way you want to learn- as per your own convenience and flexibility.
Read More
- 09 Nov 2021 01:54 PM
HC issues notice to GST council over non-inclusion of petrol, diesel prices
The court asked the council to inform it why petrol and diesel prices were not included in the purview of the GST. The court's order came on hearing a Public Interest Litigation.
Read More
- 09 Nov 2021 02:41 PM
Block ITC only on basis of ‘material evidence’, CBIC tells GST officers
Source: https://taxconcept.net/gst/block-itc-only-on-basis-of-material-evidence-cbic-tells-gst-officers/
The government had introduced Rule 86A in GST rules in December 2019 giving powers to taxmen to block the ITC available in the electronic credit ledger of a taxpayer if the officer has “reasons to believe” that the ITC was availed fraudulently.
Read More