GST News

GSTN | IFSC of 8 banks have changed due to merger

16 March 2021 at 20:34

IFSC of 8 banks has changed due to a merger. Taxpayers may update their Bank Account details through non-core Amendments and update refund application, in case failed due to validation error sent by PFMS.

Posted in GST | 10548 Views

100% of the estimated GST compensation shortfall of Rs.1.10 Lakh crore released

15 March 2021 at 19:38

With the current release, 100 percent of the total estimated GST compensation shortfall of Rs.1.10 lakh crore for the year 2020-21 has now been released to the States & UTs with Legislative Assembly.

Posted in GST | 2052 Views

CGST Commissionerate, Ghaziabad arrests two persons in case of issuance of fake invoices

13 March 2021 at 05:41

CGST Commissionerate, Ghaziabad arrests 2 persons which led to unearthing of GST fraud involving taxable value of Rs.93 Crores (approx.) and passing of fake ITC of Rs.16 crores(approx.) involving more than 25 firms.

Posted in GST | 3435 Views

GST | CBIC issues clarification on refund related issues

12 March 2021 at 22:22

The Central Board of Indirect Taxes and Customs, on receiving representations from various associations, has released a clarification on some of the issues relating to GST refunds in case of Deemed Export Supplies, Zero-Rated Supplies, and Section 89(4).

Posted in GST | 6906 Views

GSTN organizes webinar on e-invoicing for taxpayers

12 March 2021 at 19:29

The Government had earlier mandated e-invoicing for the taxpayers with aggregate turnover exceeding Rs. 500 Cr. In this regard, GSTN is holding a webinar on 17th March 2021 on e-invoicing for taxpayers.

Posted in GST | 3210 Views

DGGI Gurugram officials arrest man for ITC fraud of more than Rs 43 crore

11 March 2021 at 15:19

The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana, has arrested Shri Ravinder Kumar (aka Ravinder Garg), resident of New Delhi on charges of creating and operating fictitious firms on forged documents.

Posted in GST | 2241 Views

MCA introduces Aadhaar authentication facility for GSTIN Registration in Form INC-35 AGILE PRO

10 March 2021 at 17:59

The Ministry of Corporate Affairs has introduced an Aadhaar Authentication facility for GSTIN Registration in Form INC-35 AGILE-PRO.

Posted in GST | 8223 Views

GST Portal | Module wise new functionalities deployed for taxpayers

09 March 2021 at 21:49

Various new functionalities are implemented on the GST Portal, from time to time, for GST stakeholders. These functionalities pertain to different modules such as Registration, Returns, Advance Ruling, Payment, Refund and other miscellaneous topics.

Posted in GST | 9573 Views

Selection of Core Business Activity on GSTN Portal for Registered Taxpayers

09 March 2021 at 19:35

GSTN has introduced a facility to identify core business activity for the registered taxpayers through various options.

Posted in GST | 3057 Views

DGGI Gurugram officials arrest 2 men for defrauding exchequer of more than Rs 690 crore

09 March 2021 at 19:05

DGGI, Gurugram Zonal Unit, were able to arrest two gang members of a fake invoicing syndicate, namely Shri Vikas and Shri Manish, who were involved in GST fraud by way of issuance of fake GST invoices in excess of Rs 4,800 crore.

Posted in GST | 1 comments | 1347 Views