News & Update

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 […]
October 3, 2019
September GST Collection

September GST Collection slips below ₹1 Lakh Crore mark

The Goods and Services Tax (GST) collection in September has dropped to a 19-month low at ₹91,916 Crore, according to the data released by the government […]
September 30, 2019
GST anti-profiteering cases

Realty firms to face GST anti-profiteering cases

Starting next month, the National Anti-Profiteering Authority (NAA) for goods and services tax is likely to deliver orders in around 60 profiteering cases against realtors. These […]
September 27, 2019
GST Refund Online

GSTN has Started the Online Refund Process

GST Network, which provides IT infrastructure and services to the indirect tax system, has unveiled the online refund process as directed by the GST Council. In […]
September 26, 2019
GST Auto Dealers

DGGI Recovered Unpaid GST from Premium Auto Dealers

In a major crackdown led by the Directorate General of GST Intelligence (DGGI) has found agencies selling premium automobile brands like BMW and Jaguar’s cars, and […]
September 25, 2019
GST Invoice

Fake GST Invoice Fraud of Over ₹1000 Crore Detected

The Directorate General of GST Intelligence (DGGI) based in Ahmedabad zonal unit has detected a fake invoice scam of over ₹1000 Crore involving multiple units at […]
September 24, 2019
GST Rate Cut on Hotel

GST Rate Cut on Hotel Tariffs Might Boost Tourism

Goods and Services Tax (GST) Council in its 37th Meeting held in Goa announced a reduction in the tax rate for hotel room tariffs. On Monday, […]
September 23, 2019
GST Collections

GST Collections to Fall Short of ₹ 40,000 Crore from Expectation

The government is expecting to fall short of around ₹ 40,000 Crore in the Goods and Services Tax (GST) collections over what has been a budgetary […]
September 20, 2019
Tax Collection

Low Tax Collection May Restrict Govt From Providing a Stimulus Package

The slow growth in the net direct tax collections so far in this fiscal may limit the government from providing a fiscal stimulus to the failing […]
September 19, 2019
GST Payment

Govt may Levy Different Interest Rates for Late GST Payment

In an effort to pursue businesses to pay their taxes on time and to boost revenue collection, the government might levy different interest rates on taxpayers […]
September 18, 2019
Registering Firm

Trader Booked for Registering Firm using Fake Documents

A case of cheating and forgery has been registered by Central Business District (CBD) police against a trader, who used forged documents to register a fake […]
September 17, 2019
Due Dates for Large and Small Taxpayers

Large & Small Taxpayers might have Separate Due Dates: GST Council

In the upcoming meeting, the GST council is likely to discuss the possibility of separate due dates for large and small taxpayers, under the new simplified […]

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