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.
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
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.
The Central Board of Indirect Taxes and Customs has issued a clarification in respect of applicability of Dynamic Quick Response (QR) Code on B2C invoices and compliance of notification 14/2020 - Central Tax dated 21st March 2020.
Shri M. Ajit Kumar, Chairman, CBIC, inaugurated the Customs & GST pavilion here today at Hall no.12 of Pragati Maidan, New Delhi.
Based upon specific intelligence, the officers of the Anti Evasion branch of CGST Commissionerate, Delhi (East) have unearthed a case of availment/utilization and passing on of inadmissible ITC through bogus GST invoices
The Central Board of Indirect Taxes and Customs will make available Form GSTR-2B in the afternoon of 14th November as its generation commences after the end of the due date of GSTR-1/IFF filing on 13th November.
The gross GST revenue collected in the month of October 2021 is Rs. 1,30,127 crore of which CGST is Rs. 23,861 crore, SGST is Rs. 30,421 crore, IGST is Rs. 67,361 crore and Cess is Rs. 8,484 crore.
After taking into account earlier release of Rs. 1,15,000 crore, total amount released in the current financial year as back-to-back loan in-lieu of GST compensation is Rs. 1,59,000 crore.
Two persons were arrested from Delhi on 5th and 9th October 2021 on charges of orchestrating a fake billing racket involving more than 20 fake firms where more than Rs 22 crore of fraudulent ITC was taken thereby defrauding the exchequer.
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