Advisory on revamped search HSN Code functionality on GST Portal
The Goods and Services Tax Network (“GSTN”) issued Advisory Dated January 06, 2021 on revamped search HSN Code functionality on GST portal for taxpayers.
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The Goods and Services Tax Network (“GSTN”) issued Advisory Dated January 06, 2021 on revamped search HSN Code functionality on GST portal for taxpayers.
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In any tax administration, the provisions for inspection, search, seizure and arrest are provided to protect the interest of revenue department as well as genuine taxpayers and as a restraint for tax evasion.
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Ludhiana: The city’s footwear traders and manufacturers oppose the increase in the GST (goods and services tax) on this item from 5 to 12% since January 1, as they claim that it will cause them to lose sales and gain financial burden.
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Evasion of Customs duty of Rs. 653 crore by M/s Xiaomi Technology India Private Limited
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Accounting rule maker ICAI has asked the government to bring back the audit and certification provisions relating to GST annual returns, saying that doing away with audit will disrupt compliance.
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he Goods and Service Tax Network (GSTN) has enabled new functionalities available for Taxpayers on the GST Portal.
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The officers of Thane CGST Commissionerate of Mumbai Zone have busted a fake Input Tax Credit racket involving GST of Rs 22 Crores. Acting on a tip-off from Central Intelligence Unit, Mumbai CGST Zone
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The GST council’s decision to defer the proposed increase in tax slab for textiles, from 5 per cent to 12 per cent, has come as a new year gift for the textile industry at a time when it was on the path to recovery, Commerce & Industry Minister Piyush Goyal has said in an interaction with the textile industry on Tuesday.
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GST hike on textiles rolled back, local businessmen are up in arms against the CBIC once again, this time over a new rule applicable from January 1. The rule says that in if the GSTR-3B return fails to show the exact tax due, there can be a GST raid on the business without notice, and the owner will get no hearing.
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Central Board of Indirect Taxes and Customs has started a new initiative of holding meetings with officials of state tax administrations across the country to further boost Goods and Services Tax (GST) revenue collections, showed an official communication.
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After the Goods and Services Tax Council deferred the increase in the GST rates for the textile and garment business, the local industrialists now want the GST on scrap to be reduced from 18 to 5%.
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Cryptocurrency platforms that are facing increased scrutiny from tax authorities for GST evasion are unclear about “applicable provisions” under the country’s indirect tax regime amid regulatory uncertainty, industry executives told ET.
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The Central Board of Indirect Taxes and Customs (CBIC) has told field officers to be just and fair in enforcing the new goods and services tax (GST) compliance norms that came into force from January 01, 2022.
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The Goods and Services Tax Network (“GSTN”) has issued Advisory dated January 04, 2022 regarding reporting of supplies notified under Section 9(5) /5(5) of the Central Goods and Services Tax Act, 2017 (“the CGST Act”) by E-commerce operator (“ECO”) in GSTR-3B.
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The Goods and Services Tax Network (“GSTN”) has issued Advisory dated January 03, 2022 regarding the implementation of Rule 59(6) of the Central Goods and Services Tax Rules, 2017 (“the CGST Rules”) i.e., GSTR-1 filing-restriction for non-filing of GSTR-3B for previous one month (earlier two), on GST Portal for the taxpayers.
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It's the beginning of a new year, and there are a few money changes this month that are likely to impact your wealth.
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The GST Mumbai East Commissionerate of Mumbai Zone, while investigating the business activities of cryptocurrency exchange WazirX have detected GST Evasion of Rs 40.5 Crores. The Commissionerate has also recovered Rs 49.20 Crores in Cash pertaining to GST evaded, interest and penalty.
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Enforcement officials of the Delhi GST Department unearthed a Rs 347 crore fake GST billing scam on January 1, 2022. The total tax evasion in the chain is expected to be close to Rs 40 crore.
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Electricity minister V Senthil Balaji on Sunday clarified that the Goods and Services Tax (GST) wasn’t levied on the electricity consumption charges and it was applicable only on application fees and some other services.
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Deferred the decision to change the rates in textiles from 5% to 12% w.e.f. January 01, 2022
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The gross GST revenue collected in the month of December 2021 is Rs 1,29,780 crore of which CGST is Rs 22,578 crore, SGST is Rs 28,658 crore, IGST is Rs 69,155 crore (including Rs 37,527 crore collected on import of goods) and cess is Rs 9,389 crore (including Rs 614 crore collected on import of goods).
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