In Chandigarh, Rs 404-crore GST evaded in five years
Goods and Services Tax (GST) sleuths detected tax evasion worth a whopping Rs404 crore in Chandigarh in the past five years.
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Goods and Services Tax (GST) sleuths detected tax evasion worth a whopping Rs404 crore in Chandigarh in the past five years.
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The Goods and Services Tax (GST) scheme was implemented across India in 2017, leading to the creation of a single indirect tax structure regime for the entire country. It has ushered the country into a new era and has been considered good at helping businesses and manufacturers to carry on business hassle-free and with fewer complications.
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Under the overall directions of Commissioner State Taxes J&K, Dr Rashmi Singh, various wings of the department today carried out surprise inspections of various places to ensure strict compliance of GST law and interacted with various stakeholders to ensure better awareness of GST law.
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If your Aadhaar card and PAN card are not linked, you may end up paying TDS of 20 percent on the purchase of property instead of 1 percent. The Income Tax Department sent notices to hundreds of property buyers under the new rules.
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GST Annual Return update: TABLE 8A (ITC Details) for GSTR-9 Financial Year 2022-2023 has started downloading from today i.e. December 11, 2023, on the GST Portal.
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The Gujarat Authority for Advance Ruling (AAR) has ruled that the contract between Airbus and Tata Group’s company for the supply of aircraft to the defence ministry is a “composite supply”, and would attract 5 per cent goods and services tax (GST).
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IMPORTANT GST ANNUAL RETURN UPDATE: Table 8A (ITC Details) for GSTR-9 FY 2022-2023 has started downloading from today i.e. December 11, 2023
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COP28: New GST draft text gives four options for move towards clean energy
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Latest Official Updates Under GST by the Indian Government
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GSTN introduced Address and Contacts New Tab under My profile section on GST Portal
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The government’s focus on checking GST evasion has led to a massive surge in detection, which has crossed Rs 1.5 lakh crore during the first seven months of the financial year, higher than the Rs 1.3 lakh crore detected during 2022-23, the government said in Parliament on Monday.
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Central tax officers have sent around 33,000 GST notices to businesses for discrepancies in returns filed and short payment of taxes in 2017-18 and 2018-19 financial years, a CBIC official said on Wednesday.
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More than a dozen companies have contested the show cause notices (SCNs) issued by the Directorate of GST Intelligence (DGGI) over the secondment issue, sources in the know told ET.
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The E-Gaming Federation (EGF), a self-regulatory body for the online gaming industry, is confident that issues around the recent GST changes which increased companies’ tax burden will be resolved soon.
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The Reserve Bank of India (RBI) refrained from surprising the market as on expected lines it kept policy rates and stance unchanged on Friday, December 8.
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The Goods and Services Tax (GST) evasion cases amounting to Rs 13,794 crore have been detected in Haryana during the current financial year up to October.
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Gautam Buddha Nagar police Thursday arrested four more persons in connection with its ongoing investigation into a GST fraud case. The police have recovered 54 SIM cards, 41 forged stamps, 18 forged Aadhaar cards, 16 forged PAN cards, and 20 bank chequebooks among other items from the accused.
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The Calcutta High Court has granted interim relief to a unit of Delta Corp. in a matter relating to the Rs 6,384 crore payment of the shortfall goods and services tax.
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The Kerala GST intelligence wing has arrested the director of a Thrissur-based multi-level marketing (MLM) company for alleged tax evasion to the tune of Rs 126 crore. This, officials said, is the biggest GST evasion case detected by the state GST department.
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Finance Minister Buggana Rajendranath Reddy has inaugurated a GST Seva Kendram and released the Vision and Mission of the Commercial Taxes Department. He has also released a compendium of Standard Operating Procedures (SoP), circulars and peer learning material related to State tax here on December 04, 2023.
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Fantasy sports platform Dream 11 has withdrawn its plea before the Bombay High Court challenging the GST show cause notice amounting to Rs 1221 crore issued by the Maharashtra state GST department.
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