The Central Board of Indirect Taxes and Customs (CBIC) has found that around 25% of 69,000 suspected GST accounts are fake. These accounts have availed benefits of around Rs 15,000 crore.
Goods and Services Tax Network (GSTN) has introduced a new feature in the "Search Taxpayer" option to provide users with access to a list of "Additional Places of Business" (APBs).
GSTN is pleased to inform that the functionality for geocoding the principal place of business address is now live for all States and Union territories
Karnataka GST Department issued Circular No. GST-03/2023-24 on June 13, 2023. The circular outlined a number of measures that the department will be taking to ensure revenue collection, compliance, and effective GST Audit.
GSTR-3B tab on the GST Portal will not open before the filing of GSTR-1.
Two GST intelligence officers were allegedly assaulted and kidnapped by a scrap dealer and his associates in Hyderabad on Wednesday.
GST Council is likely to tighten the registration rules in its meeting on July 11, 2023. One of the key changes being proposed is to make physical verification mandatory in "high risk" cases.
As of July 4, 2023, GST authorities have cancelled over 4,900 fake GST registrations and detected tax evasion of over Rs 15,000 crore during the ongoing two-month drive to weed out fake GSTINs. The drive, which began on May 16, will end on July 15.
CBIC issued a clarification on July 1, 2023, to reduce the interest rate on wrongly availed and utilized ITC from 24% to 18%.
Central Board of Indirect Taxes and Customs (CBIC) has waived the filing of annual returns through Form GSTR-9 and GSTR-9C for turnover up to 2 crores and 5 crores respectively