- 02 Mar 2022 05:53 PM
- New
Govt collects Rs 1.33 lakh crore GST in February, cess collection crosses Rs 10,000 cr for first time
This is the fifth time that the GST collection has crossed the Rs 1.3 lakh crore mark. The GST cess collection crossed the Rs 10,000 crore mark for the first time since its implementation.
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- 02 Mar 2022 06:16 PM
- New
7 Important Upcoming GST System Enhancement
Source: https://taxguru.in/goods-and-service-tax/7-important-upcoming-gst-system-enhancement.html
1. GST Returns -Questionnaire Based NIL Filing of GSTR1: 2 steps filing -Changes in GSTR-3B to capture 9(5) supplies e-Commerce -Mandatory HSN codes in table 12 of GSTR-1 -e —invoice JSON download/API for recipient/Supplier – Part A -Improvement in filing process of GSTR-4 (Annual), some alert for table 6 to avoid “0” value.
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- 02 Mar 2022 06:19 PM
- New
Rs 1,33,026 crore Gross GST Revenue collected for February 2022
Rs 1,33,026 crore Gross GST Revenue collected for February 2022 GST collection crossed Rs 1.30 lakh crore mark for the 5th time Revenues for the month of February 2022 18% higher than the GST revenues in the same month last year and 26% higher than the GST revenues in February 2020
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- 28 Feb 2022 06:41 PM
New e-invoicing rule to bring 180k more firms into GST compliance fold
While 53,523 companies came under the GSTIN ambit in October 2020, 91,583 GSTINs were added in January 2021, and 95,461 in April 2021, taking the total number to 240,567
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- 25 Feb 2022 06:40 PM
Fake invoicing racket of Rs 611 crore busted
Source: https://taxguru.in/goods-and-service-tax/fake-invoicing-racket-rs-611-crore-busted.html
Delhi South CGST unearths fake invoicing racket of Rs 611 crore involving tax evasion of 38.5 crore
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- 25 Feb 2022 06:49 PM
2 held for issuing fake invoices of over Rs 200 crore
Source: https://taxguru.in/goods-and-service-tax/2-held-issuing-fake-invoices-rs-200-crore.html
Central Goods and Services Tax (CGST) Commissionerate, Faridabad, of Panchkula CGST Zone, on 23.02.2022 arrested two persons for running a fake billing racket, involving five (5) dummy firms, dealing in trading of iron scrap, registered in Faridabad, Haryana, for issuance of fake invoices of over Rs 200 crore without actual supply of goods and availing and passing fraudulent Input Tax Credit (ITC) amounting to Rs. 31.85 crore
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- 25 Feb 2022 07:02 PM
ICAI seek exemption from levy of late fee on GSTR 9 & 9C
Source: https://taxguru.in/goods-and-service-tax/icai-seek-exemption-levy-late-fee-gstr-9-9c.html
CA. Rajendra Kumar P has informed on twitter that In the interest of Trade and Industry Representation has been made by Institute of Chartered Accountants of India seeking exemption from levy of late fee on GSTR 9 and 9C filed on or before March 31, 2022.
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- 22 Feb 2022 06:15 PM
GST officials bust fake invoice racket
Source: https://www.livemint.com/news/india/gst-officials-bust-fake-invoice-racket-11645451501355.html
The arrested person was the director of a company in Navi Mumbai, who has now been remanded to Judicial custody for 14 days by a magistrate
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- 22 Feb 2022 06:32 PM
CGST Commissionerate, Raigad of CGST Mumbai Zone busts a fake ITC racket
CGST Commissionerate, Raigad of CGST Mumbai Zone busts a fake ITC racket – Case is a part of special Anti-Evasion drive launched by CGST
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- 22 Feb 2022 06:40 PM
Fake GST Input Tax Credit racket of Rs. 81 crores busted
As part of a special Anti-Evasion drive launched by CGST Mumbai Zone, CGST Commissionerate, Belapur arrested one of the Directors of M/s. Fantasia Trade Pvt. Ltd., Navi Mumbai for availing and passing on of inadmissible fake Input Tax Credit of Rs.81 Crore by using bogus invoices of Rs.479 Crore.
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