GST News

CGST Mumbai Zone busts case of non-payment of GST and fraud ITC availment

26 September 2022 at 08:28

The Bhiwandi Commissionerate of Central Goods and Service Tax (CGST) on Saturday busted a case of non payment of GST and fraudulent availment of ITC that amounted to Rs 78 crore.

Posted in GST | 2619 Views

Bengaluru-based online gaming firm gets Rs 21K crore GST notice

26 September 2022 at 08:28

DGGI has slapped a tax demand of Rs 21,000 crore on Bengaluru-based online gaming company Gameskraft Technology (GTPL), exposing the massive scale of tax evasion in the thriving betting and gaming industry.

Posted in GST | 6042 Views

CBIC clarifies on classification of cranes for GST, customs duty

24 September 2022 at 08:26

Central Board of Indirect taxes and Customs (CBIC) has offered clarity on the classification of mobile machines such as all-terrain cranes and truck-mounted cranes into motor vehicles and cranes

Posted in GST | 8292 Views

Rajasthan Assembly passes GST amendment bill

23 September 2022 at 08:35

The Rajasthan Assembly on Thursday passed the Rajasthan Goods and Services Tax (Amendment) Bill, 2022, which proposes that the registration of companies would not be cancelled even if they fail to file the return for six months.

Posted in GST | 5511 Views

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 | 6495 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 | 3429 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 | 2700 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 | 9120 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 | 4218 Views