GST News
Assets Worth Rs 5 Crore Seized in Rs 10,000 Crore GST Fraud Case
26 February 2024 at 09:10In a significant development, the Noida police have executed a district court order to attach immovable assets belonging to two Delhi-based individuals accused of orchestrating a massive GST fraud amounting to nearly ₹10,000 crore.
DGGI Investigates Rs 850 Crore Tax Evasion by Coaching Centers Nationwide
24 February 2024 at 09:03DGGI has launched a sweeping investigation into suspected tax evasion amounting to approximately ₹850 crore by major commercial tutoring institutions for the fiscal years 2020-21 and 2021-22.
324 Businesses Under Scrutiny for Tax Evasion in 'Bill Leyao, Inaam Pao' Initiative
24 February 2024 at 09:01In a recent development, notices have been issued to 324 businesses and retailers suspected of dodging taxes and violating GST provisions.
Biocon Faces Rs 3 Crore Penalty Over GST Reporting Errors
24 February 2024 at 09:00Biocon Ltd, a leading biopharmaceutical company, disclosed in a regulatory filing that it has been served with an order of adjudication, imposing a penalty of Rs 3,03,78,465.
GSTN to Share Data with RBI's Public Tech Platform for Frictionless Credit
24 February 2024 at 08:59In a significant development aimed at facilitating smoother access to credit for businesses, the Government of India has granted permission to the GSTN to share data of GST-registered entities with RBI 'Public Tech Platform for Frictionless Credit'.
GSTN launches revamped e-invoice master information portal
21 February 2024 at 09:03Advisory: Enhanced E-Invoicing Initiatives & Launch of Enhanced https://einvoice.gst.gov.in portal
GST's Impact: Officer Affirms Nearly Resolved Tax Avoidance Issue
20 February 2024 at 09:08Assistant Commissioner of Commercial Tax, Mahesh Patil, lauded the Goods and Services Tax (GST) as a monumental achievement in India's tax history, asserting its transformative impact on tax collection mechanisms.
MSME Minister Launches Rs 20 Lakh Scheme for GST-Exempted Micro Units Under CGTMSE
19 February 2024 at 09:02MSME Minister Narayan Rane has initiated a transformative scheme tailored for Informal Micro Enterprises (IMEs), aiming to enhance their access to credit facilities and alleviate financial constraints.
CBIC Releases Revised Guidelines and Formats for Arrest and Incident Reports
17 February 2024 at 08:53In a proactive move to bolster anti-smuggling measures, the CBIC has issued Instruction No. 02/2024-Customs, dated February 15, 2024.
Builders Under GST Scrutiny: Notices Issued to Reverse ITC
16 February 2024 at 08:58In a significant development, the Goods and Services Tax (GST) department has initiated action against numerous builders, issuing notices to reverse Input Tax Credit (ITC) claimed for the fiscal years 2017-18 and 2018-19.
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