October 17, 2019
gst fraud

DGGI detects GST fraud of ₹450 Crore

On Wednesday, tax officials of the Directorate General of GST Intelligence (DGGI), Visakhapatnam have arrested a 45-year old managing director of a company. Subramaniam Ashok Kumar, […]
October 16, 2019
GST Revenue

Hopeful of meeting GST collection targets: Revenue Secretary

Revenue Secretary Ajay Bhushan Pandey has said that the government is in the right direction to meet its tax targets, in spite of the significant corporate […]
October 15, 2019
Input Tax Credit

Changes to the rules for claiming the input tax credit (ITC)

The government has introduced limitations on the availability of input tax credit (ITC) by GST assesses, if the details have not been provided by the supplier. […]
October 14, 2019
GST Collection

Committee formed to boost GST collections to hold first meeting on Tuesday

A high-level committee set up by the GST Council to suggest measures to boost GST revenue collection will hold its first meeting on Tuesday. The 12-member […]
October 11, 2019
GST Rrevenue

GST Council sets up a committee to boost revenue

On Thursday, amidst the failing Goods and Services Tax (GST) revenues, the GST Council Secretariat set up a panel of Central and State tax officers to […]
October 10, 2019
GST revenue

Centre’s GST revenue goes up, state’s collection dip

In the current financial year, the overall monthly collections under the Goods and Services Tax (GST) are showing a weak trend due to the slowdown. In […]
October 9, 2019
Income Tax Update

E-Assessment scheme launched by I-T Department

On Monday, the income tax department launched a faceless e-assessment scheme that eliminates the physical interface between an assessing officer and a taxpayer. Considered as a […]
October 7, 2019
GST Invoices

GST invoices fraud unearthed of ₹700 Crore in Pune

On Friday, two people were arrested for issuing fake Goods and Services Tax (GST) invoices of worth ₹700 Crore to companies to claim input credit. According […]
October 4, 2019
GST Nil Return Filing

File GST NIL Return just by sending SMS from April

Starting from 1st April 2020, one in five Goods and Services Tax (GST) payers will simply need to send an SMS (short message service) to file […]

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