News & Update

August 23, 2019
GST Bogus Billing

GST Bogus Billing Scam Busted Worth ₹ 60 Crore

On Thursday, the Punjab Excise and Taxation Department have claimed to have busted a bogus GST billing scam involving ₹ 60 Crore. The proprietor of the […]
August 22, 2019
GST Registrations

Fake GST Registrations in Evasion-prone Commodities

In the past four months alone, the Commercial Taxes Department has found that 285 newly registered taxpayers have acquired GST registrations across a dozen commodities, considered […]
August 21, 2019
GST e-Invoicing

How e-Invoicing Works Under GST?

The Goods and Services Tax (GST) is considered as one of the most radical tax reforms in India. Apart from making One Nation, One Tax a […]
August 20, 2019
GSTR Non-Filing

Chief Commissioner Warns of Severe Action for GSTR Non-Filing

Chief Commissioner of Customs and CGST Visakhapatnam Zone, Naresh Penumaka has said that the taxpayers should file their GST returns for 2017-18 by August 31 and […]
August 19, 2019
GST Fraud

Tax Officials Detected GST Fraud of ₹ 13 Lakh

In Ambala City, the Excise and Taxation Department has detected a Goods and Services Tax (GST) fraud of ₹ 12.99 lakh. As per the information, Sukhwinder […]
August 16, 2019
North-East-States-GST-Growth

North-East States Report over 30 Percent GST Growth

During the first four months of the current financial year 2019-20, Northeastern states witnessed over 30 percent growth in GST collection. This is significantly more compared […]
August 13, 2019
GST Evasion

Government Detects GST Evasion of Rs 45,000 Crore in FY19

The government has detected the evasion of Goods and Services Tax (GST) over Rs 45,000 crore during the financial year 2018-19. According to the data made […]
August 12, 2019
GST Returns

Only 20% of Taxpayers File GST Returns for FY18

Even after a year of the due date, out of an estimated 90 lakh taxpayers, only 19.3 lakh have filed their GSTR-9, GSTR-9A, and GSTR-9C forms. […]
August 9, 2019
Maharashtra GST Collection

Maharashtra Tops the GST Collection

The Goods and Services Tax (GST) collection of the state of Maharashtra stands at Rs. 1.70 lakh crore. This amounts to 15% of total GST collection […]
August 8, 2019
Verify Income Tax Return

I-T launches a New Way to e-Verify Income Tax Return

Until the time you verify your income tax return, the filing process is incomplete. There are multiple options through which you can e-verify your ITR and […]
August 7, 2019
GST for Retailers

GST Applicable on Discounts Offered to Retailers

The government has decided to levy GST on discounts offered by manufacturers and wholesalers to retailers for passing it on consumers. This has put retailers in […]
August 6, 2019
Low GST Collection

Low GST Collections Due to Economic Slowdown

In midst of the economic slowdown, Goods and Services Tax (GST) collections crossed the Rs. 1-lakh crore mark in July 2019. GST collections stood at Rs. […]
August 5, 2019
GST Rate

Firms Can Raise Prices After Passing on GST Cuts

Once companies pass on the benefit of GST rate cuts to customers, they are allowed to raise prices for products and services. They might be able […]
August 2, 2019
GST Collection July

GST Collection Revenue Rose by 5.8 Percent in July

The gross GST revenue in July reached over Rs. 1.02 lakh crore regardless of the slowdown in industrial activity. The revenue during July 2019 showed the […]
August 1, 2019
Kerala GST

Kerala to Impose Flood Cess apart from GST

The Kerala government is all set to levy 1 percent flood cess on the value of supply of goods or services or both. The proceeds from […]
July 31, 2019
GST Return Filing Offline Tool

Return Filing Offline Tool Released by GSTN for a Trial Run

GSTN, the IT system of the GST portal, has proposed to replace the existing return filing system with the New Return format. As per the new […]
July 30, 2019
Tax Evasion

Risky Taxpayers to be Profiled to Prevent Tax Evasion

In an attempt to prevent the evading of tax under the Goods and Services Tax (GST), the government is looking into an automated system to tag […]
July 29, 2019
GST Rate

Demand to Reduce GST Rate on Catering Services

Many caterers and hoteliers from across the country are urging the Centre to reduce GST rates levied on outdoor catering service from 18% to 5%. However, […]
July 26, 2019
reduction-in-GST

Coaching Centers Demand a Reduction in GST

The representatives of some of the major coaching institutes have met the Union Finance Minister Nirmala Sitharaman demanding to either remove 18 percent GST on coaching […]
July 25, 2019
GST Payment

Interest to be applied on net cash for the late payment of GST

The Union Budget 2019 has introduced various new updates to provide relief for GST-registered taxpayers. One of such changes is related to the interest applied on […]

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