GST News
CBIC develops system for online monitoring of GST audits
17 September 2022 at 07:29Central 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.
GST collections likely to cross Rs. 1.5 lakh crore from November
15 September 2022 at 08:44FM 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
FM urges GST officials to utilize technologies to identify fraudulent practices
15 September 2022 at 08:44We 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
E-Way Bill generation provisioned for movement of Gold
13 September 2022 at 09:22As per the Government recommendation, E-Way Bill generation has been provisioned for movement of Gold (HSN Chapter 71) for all Intrastate and Interstate transactions.
Businesses will be able to claim pre-GST tax credits from 1st October
13 September 2022 at 08:38The 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.
New functionalities deployed on GST Portal for taxpayers - August 2022
12 September 2022 at 15:38New Functionalities made available for Taxpayers on GST Portal (August, 2022)
CGST Bhiwandi Commissionerate arrests Rs. 132 crore Fake Invoice racket mastermind
12 September 2022 at 08:36Officers 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.
E-way bill generation at all time high as festive season arrives
09 September 2022 at 17:46E-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.
CGST officers busts Rs. 142 Crore fake GST invoice racket
09 September 2022 at 08:42Officers 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
GST wing of CBIC conducts tax inspections against insurance companies
08 September 2022 at 08:45The 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.
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