- 11 Mar 2022 06:14 PM
- New
GST Council Newsletter for the month of February, 2022
Source: https://taxguru.in/goods-and-service-tax/gst-council-newsletter-month-february-2022.html
The gross GST revenue collected in the month of February, 2022 is Rs. 1,33,026 crore of which CGST is Rs. 24,435 crore, SGST is Rs. 30,779 crore, IGST is Rs. 67,471crore (including Rs. 33,837 crore collected on import of goods) and cess is Rs. 10,340 crore (including Rs. 638 crore collected on import of goods).
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- 10 Mar 2022 06:25 PM
- New
GST authorities expand probe into alleged tax evasion by BharatPe
The GST authorities are now looking into BharatPe books of the last four years to see whether fake invoices were issued for services as well.
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- 07 Mar 2022 04:55 PM
- New
GST Council may consider proposal to raise lowest slab to 8 pc, rationalise tax slabs
The GST Council in its next meeting may look at raising the lowest tax slab to 8 per cent, from 5 per cent, and prune the exemption list in the Goods and Services Tax regime as it looks to increase revenues and do away with states' dependence on Centre for compensation, sources said on Sunday.
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- 07 Mar 2022 05:42 PM
Exporter arrested for GST fraud
Source: https://taxguru.in/goods-and-service-tax/exporter-arrested-gst-fraud.html
The officers of Anti Evasion wing of Thane CGST Commissionerate of Mumbai zone have arrested an exporter who is Director of a Private Limited Company, for fraudulently claiming GST Input Tax Credit (ITC) of Rs. 15.26 Crore. This ITC was claimed on the basis of bogus invoices of Rs. 85 Crore issued by the fake entities.
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- 07 Mar 2022 05:44 PM
29 year old man arrested for involvement in fake GST ITC racket
Source: https://taxguru.in/goods-and-service-tax/29-year-man-arrested-involvement-fake-gst-itc-racket.html
CGST Commissionerate, Raigad arrests 29 year old involved in fake GST Input Tax Credit racket As a part of the special Anti-Evasion drive launched by CGST, Mumbai Zone against the fraudsters and tax evaders, CGST Commissionerate, Raigad has arrested a 29 year old man, who actively connived in creation of more than 15 sham firms, which were used for generation, availment and utilization of fraudulent GST Input Tax Credit (ITC) of Rs.
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- 07 Mar 2022 05:46 PM
CBI arrests A CA & A Joint Commissioner CGST in alleged bribery case
CBI ARRESTS A CHARTERED ACCOUNTANT AND A JOINT COMMISSIONER IN AN ALLEGED BRIBERY OF RS.FOUR LAKH; RECOVERS CASH OF RS.7.4 LAKH(APPROX) The Central Bureau of Investigation has arrested a Chartered Accountant and a Joint Commissioner , CGST, Nagpur in an alleged bribery of Rs. Four Lakh.
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- 04 Mar 2022 05:46 PM
CGST Comm. Ghaziabad arrests 2 for alleged involvement in GST Fraud
PRESS NOTE
CENTRAL GST COMMISSIONERATE, GHAZIABAD ARRESTS TWO PERSONS INVOLVED IN GST FRAUD OF TAXABLE VALUE OF RS. 96.84 CRORES AND AVAILMENT AND UTILIZATION OF FAKE INPUT TAX CREDIT OF RS. 5.15 CRORES (APPROX.)
- 02 Mar 2022 05:37 PM
Karnataka readies to exempt GST, royalty on construction material, says CM
Karnataka: Chief Minister Basavaraj Bommai has said that he is ready to exempt GST and royalty on steel, cement, and other construction materials if the Centre bears 25% of the land acquisition cost for the projects
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- 02 Mar 2022 05:53 PM
Govt collects Rs 1.33 lakh crore GST in February, cess collection crosses Rs 10,000 cr for first time
This is the fifth time that the GST collection has crossed the Rs 1.3 lakh crore mark. The GST cess collection crossed the Rs 10,000 crore mark for the first time since its implementation.
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- 02 Mar 2022 06:16 PM
7 Important Upcoming GST System Enhancement
Source: https://taxguru.in/goods-and-service-tax/7-important-upcoming-gst-system-enhancement.html
1. GST Returns -Questionnaire Based NIL Filing of GSTR1: 2 steps filing -Changes in GSTR-3B to capture 9(5) supplies e-Commerce -Mandatory HSN codes in table 12 of GSTR-1 -e —invoice JSON download/API for recipient/Supplier – Part A -Improvement in filing process of GSTR-4 (Annual), some alert for table 6 to avoid “0” value.
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