Sat, Nov 23, 2024
The Gujarat State GST department conducted searches on seven commercial entities and detected tax evasion of Rs 3.53 crore, an official said. These firms were concealing actual revenues, selling without invoice and underreporting tax liability, he added.
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Mon, Nov 18, 2024
The GST Council will meet on December 21 in Jaisalmer, in which the much-awaited decision on exemption or lower GST rate on health and life insurance is likely to be taken.
Wed, Jul 17, 2024
Openplay Technologies has received a show cause notice from the Director General of GST Intelligence, Kolkata for a proposed liability of Rs 845.72 crore, while in case of another subsidiary -- Halaplay Technologies -- the liability amounts to Rs 274.21 crore.
Wed, Apr 20, 2022
The CBIC has issued duty drawback and GST refunds of Rs 1.75 lakh crore to exporters in the last fiscal ended March 2022, a senior official said on Wednesday.
Wed, Mar 09, 2022
The Central Board of Indirect Taxes and Customs (CBIC) has put up a number of tweets regarding the last due date for filing GSTR returns under various categories.
Wed, Mar 02, 2022
The South Indian Corrugated Box Manufacturers Association on Tuesday urged the Centre to reduce Goods and Services Tax on corrugated boxes to benefit the micro small and medium enterprises sector.
Wed, Feb 16, 2022
Income earned from providing guest lectures will attract 18 per cent GST, the Karnataka bench of AAR has ruled.
Fri, Jan 28, 2022
GST officers have arrested one person on charges of running multiple fake firms and having passed on fraudulently ITC worth Rs 491 crore, the finance ministry said on Friday.
Thu, Jan 20, 2022
The Centre will on Thursday release an advance installment of tax devolution to the states amounting to Rs 47,541 crore, the Finance Ministry said.
Mon, Dec 20, 2021
The last date for filing GST returns under various categories is today, December 20, 2021. In case of any query, the GST taxpayers can login to the official website of GST at gst.gov.in.
Wed, Dec 01, 2021
Goods and Services Tax (GST) collections jumped to over Rs 1.31 lakh crore in November, the second highest since its implementation in July 2017, in line with the trend in economic recovery, the finance ministry said on Wednesday.
Mon, Nov 22, 2021
The uniform 12 per cent GST rate on man-made fibre (MMF), yarn, fabrics and apparel will reduce compliance burden for the industry and help the sector emerge as a big employment generator, the textiles ministry said on Monday.
Mon, Oct 18, 2021
It must be noted that today, October 18, 2021, is the last date for filing the self-assessed tax for the July to September quarter 2021.
Thu, Aug 12, 2021
Expanding the scope of taxation, the tax department will now levy GST on the supply of e-vouchers thereby bringing even exclusive marketing companies under the tax net.
The GST taxpayers who have availed the QRMP scheme will be able to enjoy the full convenience of the Invoice Furnishing Facility (IFF). They must note that their due date is tomorrow, August 13, 2021.
Tue, Jul 20, 2021
In what has brought clarity over the functioning of the Directorate General of Good and Services Tax Intelligence, the Gujarat High Court in a recent order said that DGGI officers are fully empowered to issue summons to taxpayers under the Central Goods and Services Tax Act, 2017 (CGST Act) issue
Mon, Jul 01, 2019
Federation of Indian Chambers of Commerce & Industry (FICCI) congratulated the government on the second anniversary of the Goods and Service Tax (GST).
Sun, Mar 24, 2019
"Like it or lump it, but (Prime Minister Narendra) Modi's victory in 2014 ushered a new era in Indian real estate starkly marked by his vision to set the 'house' in order and alter the scarred face of an unorganised sector beset by unscrupulous activities," Puri said.
Sun, Mar 10, 2019
In a relief to buyers of high-value cars and jewellery, the CBIC has said that the TCS amount would be excluded from the value of goods for computing GST liability.
Mon, Mar 04, 2019
After the rate cut and removal of ITC, developers may have to take a hit in their profit-margins, inducing them to resort to cash payments while purchasing inputs or raw materials.
Sat, Feb 02, 2019
Last week, the IANS had reported that the government may miss the GST collection target set in the Budget estimates by as much as Rs 1.5 lakh crore based on collection trends till December.
The revenue collected in January relates to transactions made in December. The collection in December (for November transactions) was Rs 94,726 crore, down from Rs 97,637 crore in November.
Sat, Jan 26, 2019
A man has been arrested for allegedly issuing fake invoices to claim Rs 177.64-crore input tax credit, the Central GST department said Saturday.
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