The Central GST Delhi West Commissionerate has unearthed evasion of GST by way of manufacture and clandestine supply of gutkha/pan masala/tobacco products without any registration and payment of duty.
GST e-invoice system completed the journey of 3 months; Enabled more than 37000 taxpayers to generate more than 1680 Lakh Invoice Reference Numbers (IRNs)
DGGI, North Zone, Gurugram has arrested three persons, namely Shri Alok Bhargava and his sons Shri Akul and Shri Atin Bhargava, owners of M/s Delhi Foils, M/s Abinox Industries, and M/s Matalax Industries, Wazirpur, New Delhi.
Rs. 1,15,174 crore gross GST revenue collected in December. Revenues for December 2020 are 12% higher than the GST revenues in the same month last year.
For those taxpayers who had started e-invoicing from 1-10-2020, the auto-population of e-invoice data into GSTR-1 (of December 2020) had started from December 3rd, 2020.
The GST Portal, via their official Twitter Handle has released the daily statistics of Annual GST Returns filed. Know the statistics for 30th December here.
The GST Portal, via their official Twitter handle, has made the taxpayers aware of the New Rule 86(B) on 1% cash payment of the liability. Read the poster released on the same, here.
A total amount of Rs.54,000 crore released so far to all States and UTs with legislation. This is in addition to additional borrowing permission of Rs.1,06,830 lakh crore granted to the States
The Central Board of Indirect Taxes and Customs, via their official Twitter handle, has released "Misconceptions Vs. Reality" under Rule 86B.
The Confederation of All India Traders has raised strong objections against the new GST provisions, especially the introduction of Section 86B which they feel are detrimental to trade.
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