January 20, 2020
Input tax credit

Tax authorities to block ITC for firms caught using fake invoices

The Central Goods and Services Tax (CGST) administration has decided to block input tax credit (ITC) for taxpayers claiming credit against fake invoices, or against invoices without the receipt of […]
January 17, 2020
GST News

How non-existent firms, fake invoices, and credit fraud undermine GST?

In just over two years of the indirect tax regime, fake firms, fraudulently generated invoices, and false claiming of input tax credit have been the biggest problems for the Goods […]
January 16, 2020
GST Refunds

Over 1,200 exporters falsely claimed GST refunds of ₹350 Crore

Goods and Services Tax (GST) authorities using data analytics have detected fraudulent refund claims of worth ₹350 Crore made by over 1,200 exporters, who are now untraceable. The revenue department […]
January 15, 2020
GST Compliance

Anti-profiteering body to start GST compliance drive

In the next three months, the National Anti-profiteering Authority (NAA) is expected to issue a wave of orders, in line with the Centre’s drive to boost Goods and Services Tax […]
January 14, 2020
GST fraud cases

Government unearths 931 GST fraud cases with data analytics

With the rise in GST evasion, the Department of Revenue has started using data analytics and so far have unearthed 931 cases of fraudulent refund claims. Most of these cases […]
January 13, 2020
GSTR fraud

GST fraud of ₹110 Crore detected at six firms; one held

Six companies were found violating laws by the anti-evasion wing officials of the Central Goods and Services Tax (CGST). They were using unlawful means to earn undue profits, thereby causing […]
January 10, 2020
GST and KYC compliance

FinTech industry wants relief in GST and KYC compliance for small loans

Financial Technology (FinTech) industry plays a crucial role in improving access to financial services products across the country. Some of the factors responsible for the surge in the relatively new […]
January 9, 2020
GST Audit

Government to begin GST audit for FY18; first set of notices sent

For the first time, after almost three years of implementation of Goods and Services Tax (GST), authorities have started issuing notices for the audit of assessees to ensure the correctness […]
January 8, 2020
National GST Conference

2nd National GST Conference held for curbing evasion and augment revenue

Under the chairmanship of Revenue Secretary Ajay Bhushan Pandey, 2nd National GST Conference was held on Tuesday of the Chief Commissioners of Central Tax and Commissioners of State Tax. The state […]

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