The government plans to amend the CGST Act in the winter session of Parliament that will allow advocates with experience in litigation to be appointed as judicial members in GST appellate tribunal benches.
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Do You know you can fall prey to fake GST Invoice Scams? Yes, you heard me right. Scammers these days are creating fake GST bills to dupe people. A fake GST bill is generated without actual payment of GST or supply of goods or services. There are several reasons behind fake GST invoice generation by fraudsters including tax evasion, money laundering, fake purchases, converting income tax credit into cash, and more.
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The Madras high court has held that the GST council’s role, particularly in product classification, is only recommendatory.
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The economic offences wing (EFW) of Surat police has nabbed two persons who had bought bogus firms to take illegal advantage of input tax credit (ITC) of GST. The two have been identified as Shoban Kureshi and Umang Patel.
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With no clear notification or guidelines from the government regarding exempting rig/borewell operations used for agricultural activities from GST, farmers were forced to bear the huge burden of paying 18% GST, said Rig Owners and Agents Welfare Association, Madurai.
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Deltatech Gaming Limited, a subsidiary of listed gaming and hospitality company Delta Corp Limited, has filed a writ petition in connection with the showcause notice of Rs 6384 crore served to the company by the DGGI on October 13.
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The CGST (Central Goods and Services Tax) Commissionerate, Gurugram, today i.e. November 20, 2023 held an interactive session with stakeholders. It was aimed at assessing problems faced by taxpayers.
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In the case related to seeking permission for filing revised return under GST regime, respondents Union finance ministry, GST Council of India and Central Board of Indirect Taxes and Customs (CBIC) failed to file the reply within the stipulated 30 days before the double bench of Supreme Court, on Monday.
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The Colgate-Palmolive (India) share opened flat on the National Stock Exchange on November 22, 2023 a day after the company informed exchanges about the tax department search at its Chennai warehouse and Rs 1 lakh GST penalty.
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The Central Goods and Services Tax (CGST) Delhi East Commissionerate has busted a syndicate of 48 interconnected fake firms availing fraudulent ITC of over Rs199 crores in “Operation Clean Sweep”.
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ST authorities may take some time to introduce faceless scrutiny assessment of tax returns filed under Goods and Services Tax (GST), a senior official said on Wednesday. The faceless assessment — under which there is no physical interaction between the tax officer and the assessee and no physical submission of documents — was first introduced by the Income Tax department and later extended to Customs.
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The Directorate General of GST Intelligence has issued Goods and Services Tax (GST) demand notices to food aggregators Zomato & Swiggy, a news report said on Wednesday.
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The Delhi High Court has on 16 November 2023 observed that the Tax Research Unit (TRU) of the Ministry of Finance has not been clothed with the authority or jurisdiction to render a clarification with respect to classification of goods.
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Shares of Kotak Mahindra Bank slipped 0.7 percent to Rs 1,752.55 in early trade on November 20 after the Maharashtra GST department slapped a penalty of around Rs 35 lakh.
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Shares of Vedanta opened 0.5 percent higher during early trade on November 20, after the Anil Agarwal-led company received a GST demand order worth Rs 1.38 crore from GST & Central Excise Commissionerate, Rourkela. At 9:50 am, the stock was trading at Rs 240.45.
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As November 30 approaches, GST officials’ expectation of revenue collection is reaching its peak. E-way bill generation in October has already given very high hopes. The combination of compliance and consumption will likely result in the collection in November either close to an all-time high collection of Rs 1.87 lakh crore (April 2023) or even exceeding that.
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The Ahmedabad Municipal Corporation (AMC) has decided to sell all its newly constructed properties instead of letting them out on 99-year leases. This is to avoid payment of 18% goods and services tax (GST) that lease deeds would attract. There is no clarity officially on whether this policy will also apply to open plots, but sources in the AMC said it will.
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The Office of the Chief Commissioner CGST & Central Excise (Jaipur Zone), Jaipur issued Office Order No. 22/2023 dated October 16, 2023 regarding the Verification of pending GST DRC-03s Challans.
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November 30 is the last date for availing input tax credit and furnishing the correct information on ineligible input tax credit and the reversal thereof for the 2022-23 fiscal, the State Goods and Services department has said.
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The Directorate General of GST Intelligence (DGGI) is understood to be sending notices to various real estate companies, demanding that GST be paid for a clutch of transactions among group companies or joint venture partners.
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The soon to be set up Sixteenth Finance Commission is likely to be tasked with reviewing the revenue collections of states under the Goods and Services Tax (GST) and the need for a review of the GST compensation cess.
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