24 May 2022 01:45 PM
New

ICAI discusses arrest of 2 CAs by CGST Gurugram with FM, Officers Suspended

Source: https://taxguru.in/goods-and-service-tax/icai-discusses-arrest-2-cas-cgst-gurugram-fm.html

Smt Nirmala Sitharaman, Minister of Finance and Corporate Affairs held a meeting with Institute of Chartered Accountants of India (ICAI) delegation, led by VP Shri Aniket Sunil Talati. The MoF had invited the ICAI on Saturday to discuss various issues, including ongoing investigations by CGST Gurugram into alleged role of their members in fraudulent GST refunds.

23 May 2022 11:59 AM
New

GST Council may modify monthly tax payment form, summary return for better input tax credit reporting

Source: https://www.livemint.com/news/india/gst-council-may-modify-monthly-tax-payment-form-summary-return-for-better-input-tax-credit-reporting-11653198743322.html

The Goods and Services Tax (GST) Council is expected to propose modifying the summary return and monthly tax payment form, GSTR-3B, at its meeting in June - with the goal of detecting bogus input tax credit (ITC) claims and expediting the settlement of real ones, according to an official.

23 May 2022 12:15 PM
New

GST taxpayers alert: 2 days left to file GSTR-3B return for Apr. Check steps

Source: https://www.livemint.com/news/india/gst-taxpayers-alert-2-days-left-to-file-gstr-3b-return-for-apr-check-steps-11653223991426.html

The Central Board of Indirect Taxes and Customs (CBIC) has extended the due date for filing the GSTR-3B return for April month till May 24.

23 May 2022 12:42 PM

The potential impact of the Supreme Court’s GST Council ruling

Source: https://www.livemint.com/opinion/online-views/potential-impact-of-the-apex-court-s-gst-council-ruling-11653238611459.html

The Supreme Court, while dealing with a case of the levy of Goods & Service Tax (GST) on ocean freight, delivered an important ruling last week covering the scope, power and limitations of the GST Council.

23 May 2022 01:53 PM

Taxpayers can now claim refund of IGST on ocean freight: Experts on SC judgement

Source: https://economictimes.indiatimes.com/small-biz/gst/taxpayers-can-now-claim-refund-of-igst-on-ocean-freight-experts-on-sc-judgement/articleshow/91720819.cms

Tax Connect Advisory Services Partner Vivek Jalan said this is a big relief for importers and GST taxpayers.

23 May 2022 02:24 PM

Arrest of 2 CAs by Gugugram CGST – Submission Before Court

Source: https://taxguru.in/goods-and-service-tax/arrest-2-cas-gugugram-cgst-submission-court.html

1. The Applicant aged about 29 Years, is married and has a minor child and aged father (mother already passed away), is sole bread earner of the family, since his wife is a housewife. There is no one else to take care of his family.

23 May 2022 02:40 PM

Arrest Memo issued to Gurugram CA by GST Commissioner

Source: https://taxguru.in/goods-and-service-tax/arrest-memo-issued-gurugram-ca-gst-commissioner.html

Whereas, the Principal Commissioner/Commissioner. Meenu Kumarr has reasons to believe that you, Shri Sunil Mahalawat, Chartered Accountant, age about 29 years, son/ daughter of Shri Shri Rajender Singh, and address Village & Post- Jharsa, Patti Chopra, Near Shiv Mandir, Gurugrarn Haryana-122003 have committed an offence specified in clause (a) or clause (b) or clause (c) or clause (d) of subsection (1) of section 132 of the Central Goods and Service Tax, 2017 which is punishable under clause (i) or (0) of sub-section (1) or sub-section (2) of the said section.

23 May 2022 02:55 PM

Representation against beyond law use of power by GST officer

Source: https://taxguru.in/goods-and-service-tax/representation-law-power-gst-officer.html

Economic Cell of Bharatiya Janata Party, Rajasthan has made a representation to Smt. Nirmala Sitharaman, Minister of Finance and Corporate Affairs on 21/05/2022 against Beyond law use of power by GST officer to diffuse the objective of make in India and ease of doing business by creating tax terrorism.

21 May 2022 12:33 PM

Heavy tax can hurt online gaming sector: experts

Source: https://www.livemint.com/technology/apps/heavy-tax-can-hurt-online-gaming-sector-experts-11653065345878.html

India’s online gaming companies are dreading an upcoming decision by the government that could impose the highest goods and services tax (GST) on the fledgling industry.

21 May 2022 04:29 PM

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.