GST News

GST department busts fake invoice racket of Rs. 31 crore in Chennai

20 October 2022 at 08:40

The Chennai Outer Commissionerate of GST and Central Excise department has claimed busting of a fake invoice racket by arresting a suspect on charges of cheating to the tune of Rs 31 crore.

Posted in GST | 2 comments | 4227 Views

SC urged GST Council & State Govts to consider pleas on full reimbursement of erstwhile excise exemptions

19 October 2022 at 08:35

The Supreme Court has urged the GST Council and State governments to consider a plea for reimbursement of taxes paid by industrial houses having plants in hilly States such as Uttarakhand and Himachal Pradesh and the North-Eastern States.

Posted in GST | 4125 Views

Gujarat GST department nabs 'mastermind', recovers Rs 60 crore

18 October 2022 at 08:30

The Gujarat Goods and Service Tax (GST) department arrested one person from Bhavnagar who it claimed to be the "mastermind" in a bogus billing scam worth Rs 700 crore.

Posted in GST | 5952 Views

Anti-Evasion Team of Faridabad CGST officials bust racket of illegal fire-crackers

15 October 2022 at 07:30

The Anti-Evasion Branch, CGST Commissionerate Faridabad, Panchkula CGST Zone, received an information that M/s R. P. Enterprises having its registered principal place of business

Posted in GST | 3855 Views

E-way bills shot up to a record high of over 84 million in Sept 2022

14 October 2022 at 14:03

Electronic permits for transporting goods within and across states (e-way bills) shot up to a record high of over 84 million in September, signalling a strong boost to economic activity in the festive season.

Posted in GST | 4491 Views

Packaged parathas, unlike chapatis, to attract 18% GST: Gujarat AAAR

14 October 2022 at 08:44

The Gujarat Appellate Authority for Advance Ruling (GAAAR) upheld the order by the GAAR in an application filed by Vadilal Industries.

Posted in GST | 1 comments | 3996 Views

Karnataka overtakes Gujarat to take the second place in H1 GST collections

13 October 2022 at 08:38

Karnataka has overtaken Gujarat in items and companies tax collections within the first six months of this fiscal 12 months, taking the second place behind Maharashtra amongst states.

Posted in GST | 1 comments | 4290 Views

ACB Gujarat nabbed GST officer, CA & other middlemen in a bribe case

12 October 2022 at 08:28

Anti Corruption Bureau (ACB) Gujarat has booked the state tax officer of the State Tax department in Ahmedabad along with two middlemen including one Chartered Accountant (CA) in a bribe case involving the sum of Rs 35 thousand.

Posted in GST | 1 comments | 8301 Views

E-invoices must for businesses with over Rs. 5 crore turnover a year

11 October 2022 at 14:10

Businesses with annual turnover of over Rs. 5 crore will have to move to e-invoicing under goods and services tax (GST) from January 1. The GST Network has asked its technology providers to make the portal ready to handle the increased capacity by De

Posted in GST | 20391 Views

Exporters seek GST exemption on freight

10 October 2022 at 08:48

Indian exporters have urged the government to extend the rupee payment mechanism to more countries, and restore the 18% goods and services tax (GST) exemption on export freight amid the World Trade Organization (WTO)'s forecast hinting at a sharp

Posted in GST | 2721 Views