GST News

Advisory on HSN and GSTR-1 Filing

27 August 2021 at 05:55

In accordance with Notification No. 78/2020 - Central Tax, dated October 15, 2020, taxpayers need to declare Harmonised System of Nomenclature (HSN) Code of Goods and Services supplied by them on raising of tax invoices, with effect from 1st April 2021.

Posted in GST | 9132 Views

Implementation of Rule-59(6) on the GST Portal

27 August 2021 at 05:50

This Rule will be implemented on GST Portal from 1st September, 2021. On implementation of the said Rule, the system will check that whether before the filing of GSTR-1/IFF of a tax-period, the following has been filed or not.

Posted in GST | 1 comments | 10425 Views

2 more arrested by DGGI Gurugram Unit for ITC fraud

25 August 2021 at 18:22

DGGI has arrested, Sh Manish Modi, Chartered Accountant, resident of Pitam Pura, New Delhi, on charges of creation of running racket of fake firm in order to fraudulently pass on fake Input Tax Credit (ITC), without actual supply of goods or services.

Posted in GST | 6282 Views

Avoidance of GST by E-commerce Companies

17 August 2021 at 05:46

CAIT has sent an important communication to all CM's drawing their attention towards GST avoidance by e-commerce players causing huge loss of GST revenue to the government and also urged support for E-Commerce Rules under the Consumer Protection Act.

Posted in GST | 4431 Views

New Functionalities made available for Taxpayers on GST Portal in July 2021

16 August 2021 at 18:45

New Functionalities pertaining to modules of Registration, Returns and Refund made available for Taxpayers on the GST Portal for the m/o July 2021 has been mentioned here.

Posted in GST | 6702 Views

2 held by CGST Officials for ITC fraud of more than Rs 10 crore

11 August 2021 at 21:22

The CGST Commissionerate, Faridabad, Haryana has arrested two Directors of M/s. F2C Wellness Pvt. Ltd., Faridabad on charges of illegally availing and passing on input tax credit (ITC) by issuance of invoices without supply of goods.

Posted in GST | 3513 Views

GSTN | Blocking of E-Way Bill generation facility to resume after 15th August, 2021

04 August 2021 at 20:48

The government has decided to resume the blocking of EWB generation facility on the EWB portal, for all the taxpayers in terms of Rule 138 E (a) and (b) of the CGST Rules, 2017, from 15th August onwards.

Posted in GST | 1 comments | 7839 Views

CGST authorities bust ITC fraud of more than Rs 31,000 crore involving more than 7,200 cases in FY 2020-21

04 August 2021 at 06:40

GST authorities have unearthed over Rs 31,000 crore of tax fraud committed by misuse of ITC provision under the GST regime during the financial year 2020-21 and booked more than 7,200 cases involving fake ITC.

Posted in GST | 1770 Views

GST authorities recover more than Rs 1,900 crore in tax evasion in FY 2021-22 up to June 2021

04 August 2021 at 06:38

Evasion may be committed intentionally and at times non-payment of tax may happen due to human error. However, no evasion of tax has been reported due to failure in the CBIC back-end system.

Posted in GST | 1587 Views

Rs. 1,16,393 crore gross GST revenue collected in July 2021

01 August 2021 at 16:23

The gross GST revenue collected in the month of July 2021 is Rs. 1,16,393 crore of which CGST is Rs. 22,197 crores, SGST is Rs. 28,541 crores, IGST is Rs. 57,864 crore and Cess is Rs. 7,790 crores (including Rs. 815 crores collected on import of goods).

Posted in GST | 2709 Views