GST News

CBIC develops system for online monitoring of GST audits

17 September 2022 at 07:29

Central Board of Indirect Taxes and Customs (CBIC) has developed a system for online monitoring of GST audits initiated by tax officials across the country for effective oversight of the audit process.

Posted in GST | 6408 Views

GST collections likely to cross Rs. 1.5 lakh crore from November

15 September 2022 at 08:44

FM on Wednesday spoke about Prime Minister Narendra Modi's "special mention" of robust GST revenues as a sign of a sound economy, while the revenue department set a new target of ₹1.50 lakh crore monthly collections from November this year

Posted in GST | 1 comments | 3351 Views

FM urges GST officials to utilize technologies to identify fraudulent practices

15 September 2022 at 08:44

We need to better utilize AI, data-analytics, IoT and other technologies to identify fraudulent practices, such as detection of tax evasion and better train officials on these aspects: Nirmala Sitharaman

Posted in GST | 2577 Views

E-Way Bill generation provisioned for movement of Gold

13 September 2022 at 09:22

As per the Government recommendation, E-Way Bill generation has been provisioned for movement of Gold (HSN Chapter 71) for all Intrastate and Interstate transactions.

Posted in GST | 9051 Views

Businesses will be able to claim pre-GST tax credits from 1st October

13 September 2022 at 08:38

The businesses that could not claim tax credits for taxes paid during the pre-goods and services tax (GST) era may soon get an opportunity to do so. The government, from October 1, is likely open a special window for businesses to file their claims.

Posted in GST | 4167 Views

New functionalities deployed on GST Portal for taxpayers - August 2022

12 September 2022 at 15:38

New Functionalities made available for Taxpayers on GST Portal (August, 2022)

Posted in GST | 6213 Views

CGST Bhiwandi Commissionerate arrests Rs. 132 crore Fake Invoice racket mastermind

12 September 2022 at 08:36

Officers of CGST Bhiwandi Commissionerate in Mumbai Zone have busted a fake invoice racket involving issuance of invoices amounting to Rs 132 crore and availing/passing on Input Tax credit of Rs 23 crore.

Posted in GST | 5802 Views

E-way bill generation at all time high as festive season arrives

09 September 2022 at 17:46

E-way bills, or electronic way bills, reflected a growth of 19 percent this year after their generation reached an all-time high of 78.21 million in August.

Posted in GST | 2 comments | 3693 Views

CGST officers busts Rs. 142 Crore fake GST invoice racket

09 September 2022 at 08:42

Officers of CGST Mumbai South Commissionerate have busted a fake GST invoice racket, which was used to pass on fake GST Input Tax Credit (ITC) of Rs. 27.80 crore on invoices of Rs 142 Crore

Posted in GST | 4860 Views

GST wing of CBIC conducts tax inspections against insurance companies

08 September 2022 at 08:45

The Goods and Services Tax wing of the Central Board of Indirect Taxes and Customs (CBIC) has carried out tax searches and inspections against several insurance companies.

Posted in GST | 5550 Views