- 06 May 2022 06:29 PM
- New
GST 2.0: Ideas to improve indirect taxation
While the implementation of GST in India has been commendable, the time is ripe for the government to take note of some of the challenges which the business community at large has been facing, from blockage of working capital to duplicity of assessment proceedings.
India is set to complete five years since the implementation of the Goods and Service Tax Law. The journey of the first half decade of this landmark reform has undoubtedly been a rollercoaster ride with a mixed bag of hits and misses.
- 06 May 2022 06:33 PM
- New
GST Auditor Arrested – Fake ITC Racket Busted by State GST Officers
Enforcement Authorities South Zone, CTD have raided the residential and business premises of a GST Auditor at Bangalore and Davanagere based on field intelligence, data analytics and Police FIR and busted a fake ITC case.
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- 06 May 2022 06:36 PM
- New
One arrested in Nashik in for availing fraudulent ITC of Rs. 27.88 Crores
M/s Hira Steel, Nashik is engaged in the business of trading of steel and scraps. The officers of the Nasik Preventive (Hqrs.), an anti evasion wing of Central Goods and Services Tax, Nashik has inspected/visited the premises of M/s Hira Steel, PAP-54, Near Siemens, MIDC, Ambad, Nashik as per the provision laid down in Section 67(2) of the CGST Act, 2017.
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- 05 May 2022 05:36 PM
Wellness centres part of hotels and resorts liable to pay GST: AAAR
The Appellate Authority for Advance Ruling (AAAR) has said that health therapy services offered by wellness centres that are part of a hotel or resort cannot be classified as ‘health-care service’ and are therefore taxable.
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- 04 May 2022 06:05 PM
Govt may subsume sin goods cess into GST to pacify states
The cess levied on aerated drinks, cigarettes and cars is set to become a bargaining chip in Centre-state talks on GST compensation, with the Centre offering to subsume a part of the levy into the GST rate after March 2026 to placate states, discussions within the government indicate.
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- 03 May 2022 06:26 PM
What is driving up GST collection?
The government’s goods and services tax (GST) collections, taken by analysts as a high-frequency indicator, has witnessed a strong rebound since the first wave of the pandemic. Mint takes a look at what is driving this revenue growth and its implications.
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- 03 May 2022 06:30 PM
GoM on casinos, online gaming to finalise tax proposals this month
NEW DELHI : A group of ministers led by Meghalaya chief minister Congrad Sangma that is advising the GST Council on the taxation of casinos, race courses and online gaming which met in the capital on Monday, will meet again later this month to finalise its tax proposals to the Council, Sangma said after the meeting.
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- 03 May 2022 06:37 PM
Grievance Submitting – GST Composition Dealer – Annual Return
A memorandum is submitted to Finance Minister on Grievance related to scheme of annual return filing for the composition dealers under GST Act — modify the Late fee Rs. 10000/- imposing contrary to the 43rd GST Council decision – rectifications need to erroneous auto filled columns in GSTR 4 forms. Full text of the same is as follows:-
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- 02 May 2022 05:25 PM
GST Revenue collection for April 2022 highest ever at Rs 1.68 lakh crore
GST Revenue collection for April 2022 highest ever at Rs 1.68 lakh crore
Gross GST collection in April 2022 is all time high, Rs 25,000 crore more than the next highest collection of Rs. 1,42,095 crore, just last month
- 02 May 2022 05:32 PM
Fake GST ITC Racket of Rs. 15.23 Crore Busted in Mumbai
Source: https://taxguru.in/goods-and-service-tax/fake-gst-itc-racket-rs-15-23-crore-busted-mumbai.html
CGST Ccommissionerate, Mumbai West Zone busts fake GST Input Tax Credit of Rs. 15.23 Crore
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