News & Update

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

On Monday, the industry body Federation of Indian Export Organizations (FIEO) termed the delay in e-wallet scheme as unfortunate. The scheme has not been in operation yet, which was aimed […]

A report published by the economic think tank NIPFP says that the states might be facing a shortage of up to ₹1.23 Lakh Crore in consolidated revenue on account of […]

Revenue Secretary Ajay Bhusan Pandey is to chair a day-long meeting on January 7 with top tax officials to discuss ways to streamline the Goods and Services Tax (GST) and […]

After contracting for two consecutive months in September and October, Goods and Services Tax (GST) revenue mop-up in December crossed the ₹1 Lakh Crore mark, growing 8.9% on a year-on-year […]

The center along with state governments will conduct fresh negotiations on GST (Goods and Services Tax) structure after presenting the Union Budget on 1 February, said one of the government […]

Amidst the dismal performance of country’s export sector – merchandise exports dipped 0.34% year-on-year in November, contracting fifth time in the past eight months – as many as 245 Star […]

In a move aimed at improving compliance, the government has issued a set of instructions to field officers that could cost businesses their assets, as well as their tax registrations […]

The Central Board of Indirect Taxes and Customs (CBIC) has directed the Goods and Services Tax (GST) Council to set up a grievance redressal committee for taxpayers at zonal and […]

Amidst the decline in revenue, the government is staring at a shortfall of ₹63,000 Crore in Goods and Services Tax (GST) compensation payout to states for FY20. The delay in […]

The companies that are undergoing resolution under the Insolvency and Bankruptcy Code (IBC) are likely to pay current levies of Goods and Services Tax (GST), without the mandatory requirement to […]

An analysis done by the Goods and Services Tax (GST) department revealed as much as 39% or ₹2.5 lakh crore of input tax credit (ITC) availed by taxpayers in FY2018 […]