The preliminary investigation has unveiled a network of around 50 firms registered in the same premises and involved in fraudulent activity of circular trading...
Enhancements in e-Way Bill System
To handle the menace of fake firms, fly-by-night operators, and circular trading entities, GST field formations canceled 1,63,042 registrations in the month of Oct & Nov due to non-filing of GSTR-3B returns.
Firm action has been taken by CGST Delhi Zone in this financial year i.e. 2020-21, has resulted in detection of GST evasion of 3542.02 Crores, and 14 accused have been arrested so far.
Know about Quarterly Return and Monthly Payment Scheme (QRMP) for GST Taxpayers.
Facility to file annual return in Form GSTR-9 for FY 2019-20 is now available. The Form is enabled for taxpayers whose table 8A computation has been completed.
Now Form GSTR-2A has auto-populated option based on ICEGATE data.PART-D has been added to the existing Part A,B & C
A total amount of Rs.36,000 crore released so far. This is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the States
From 01.12.2020 onwards, the EWB generation facility is being blocked for all taxpayers, irrespective of their Aggregate Annual Turnover.
DGGI Gurugram, Haryana has arrested one Shri Rajesh Kasera resident of New Delhi on charges of IGST fraud by way of illegally availing ITC on invoices without goods, and encashing through IGST refund mode by resorting to overvalued exports.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
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