GST News

Mumbai Based CA arrested for generating Fake Input Tax Credit

20 December 2021 at 08:46

On 14/12/2021 (Tuesday) GST Officers of Thane commissionerate arrested Vikram Jain, a Mumbai-based CA for generating fake invoices worth more than Rs 500 crores to tune a GST of Rs 92 crores without actual receipt of goods.

Posted in GST | 4 comments | 12084 Views

Payment of GST compensation to States in times of COVID-19 pandemic

08 December 2021 at 08:37

As per the provisions of the GST (Compensation to States) Act, 2017, GST compensation for financial years 2017-18, 2018-19 and 2019-20 has already been paid to the States.

Posted in GST | 4653 Views

New functionalities deployed on the GST Portal for taxpayers in Nov 2021

03 December 2021 at 08:45

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 | 9990 Views

GST revenue collection rises 25% to Rs 1.30 lakh crore in November

01 December 2021 at 14:01

GST collection for November,2021 surpassed last month collection registering the second highest since implementation of GST

Posted in GST | 2361 Views

Gross GST Collection in FY 2021-22 shows increasing trend

30 November 2021 at 08:42

The gross GST Collection in FY 2021-22 post COVID-19 pandemic outbreak are showing an increasing trend. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in written reply to a question in Lok Sabha.

Posted in GST | 1668 Views

Taxpayers can now withdraw application of cancellation of registration on the GST Portal

29 November 2021 at 08:37

The Directorate of Revenue Intelligence has caught a stockpile of iPhones being smuggled into the country.

Posted in GST | 6924 Views

CBIC releases a revamped & enhanced version of GSTR-1/IFF

27 November 2021 at 08:36

A revamped & enhanced version of GSTR-1/IFF is being made available on the GST Portal to improve the taxpayer experience. These enhancements, would enable the Saving of the GSTR-1 details on the GST Portal efficient and user friendly.

Posted in GST | 11196 Views

12% GST on Textiles - Most undesirable act of GST Council: CAIT

24 November 2021 at 09:39

The entire textile trade and industry is in shock on Government’s decision of increase in tax on textile which is the second largest revenue generating commodity after agriculture.

Posted in GST | 9252 Views

CAIT holds Protest Dharna for hike in GST Rates for Textile & Footwear

24 November 2021 at 09:29

The Confederation of All India Traders, via their official Twitter handle has announced that they will be holding a PROTEST DHARNA across 500 Districts Pan India on 24th November 2021

Posted in GST | 1 comments | 5703 Views

CBIC Issues Clarification on Certain Refund Related Issues

19 November 2021 at 08:42

The Central Board of Indirect Taxes and Customs, via Circular No. 166/22/2021-GST dated 17th November 2021, has provided a clarification on certain refund related issues.

Posted in GST | 10014 Views