GST News

DGGI Uncovers 6000 Fake ITC Cases, Rs 57,000 Crore GST Evasion, Arrests 500

20 October 2023 at 08:45

In fight against fake ITC, DGGI detects more than 6,000 fake ITC cases involving more than Rs. 57,000 crore GST evasion with the arrest of 500 persons between April 2020 to September 2023

Posted in GST | 6063 Views

ICAI Raises 11 Concerns on Mass GST SCN for FY 2017-18 in September 2023

18 October 2023 at 14:55

ICAI Highlights 11 Key Concerns in Response to Mass GST Show Cause Notices for FY 2017-18 Issued in September 2023

Posted in GST | 22737 Views

Godrej Properties Affected as Subsidiary Grapples with Rs 48.31 Crore GST Demand

18 October 2023 at 14:43

In early trade on October 16, Godrej Properties witnessed a marginal drop in its shares as its subsidiary, Godrej Redevelopers (Mumbai) Private Limited (GRMPL), grappled with GST demand and penalty notices.At 9:22 am, the company's stock was trad

Posted in GST | 2268 Views

Dabur India Faces Tax Notice of Rs 320.6 Crore Under CGST Act

18 October 2023 at 09:12

Dabur India, one of the country's leading consumer goods companies, has received a tax notice under Section 74(5) of the Central Goods and Services Tax (CGST) Act, 2017.

Posted in GST | 5547 Views

GSTN | Online Money Gaming & OIDAR Service Providers - Register with Forms GST REG-10 and GSTR-5A

18 October 2023 at 09:10

Advisory: Person supplying of Online Money Gaming services or OIDAR or Both– Form GST REG-10 and Form GSTR-5A

Posted in GST | 4131 Views

Massive Rs 20 Crore GST Fraud Unearthed in Ahmedabad

17 October 2023 at 08:42

In a significant development, the Ahmedabad zonal unit of the Directorate General of GST Intelligence (DGGI) recently uncovered a case involving tax evasion of a staggering Rs 20 crore through fraudulent activities in the chewing tobacco business.

Posted in GST | 3927 Views

Delta Corp Receives Rs 6,384 Crore GST Shortfall Notices Amid Ongoing Dispute

16 October 2023 at 08:31

Delta Corp, the prominent casino chain operator, has been hit with fresh notices alleging a GST payment shortfall amounting to ₹6,384 crore, as disclosed in a regulatory filing on October 14.

Posted in GST | 7791 Views

Police Nab Kingpin in Multi-Crore GST Scam in Delhi

16 October 2023 at 08:30

In a significant breakthrough, the Sirsa police have apprehended the mastermind behind a multi-crore Goods and Services Tax (GST) scam, identified as Padam Bansal, in a targeted operation conducted in Delhi's Dwarka area.

Posted in GST | 3567 Views

Kerala GST Department Issues Guidelines for Sections 73 & 74 Notices

14 October 2023 at 08:43

In exercise of powers conferred under section 168 of KSGST Act 2017, the following circular instructions are issued to bring out uniformity in issuing notices while proceeding under section 73 and section 74.

Posted in GST | 4116 Views

Massive Rs 30,000 Crore Tax Evasion Scandal Unveiled in the Insurance Industry

14 October 2023 at 08:41

A seismic scandal has rocked the insurance industry as an internal income tax department assessment reveals a staggering evasion of nearly ₹30,000 crore in income tax since the inception of the Goods and Services Tax (GST) on July 1, 2017.

Posted in GST | 8265 Views