- 09 Dec 2021 02:55 PM
- New
CGST Mumbai Central Commissionerate busts a racket of fake ITC generators
The officers of CGST Mumbai Central Commissionerate have smashed a racket of fake Input Tax Credit (ITC) generators, who had been passing this fake ITC to the tune of Rs. 35 crores to various entities. The officers have arrested the kingpin for generating and passing on this fake credit to more than 15 entities in and around Mumbai.
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- 08 Dec 2021 01:12 PM
- New
Payment of GST compensation to States in times of COVID-19 pandemic
As per the provisions of the GST (Compensation to States) Act, 2017, GST compensation for financial years 2017-18, 2018-19 and 2019-20 has already been paid to the States. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha today.
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- 08 Dec 2021 02:11 PM
- New
Features of the new tax information portal launched by CBIC
Source: https://taxguru.in/goods-and-service-tax/features-tax-information-portal-launched-cbic.html
Introduction
CBIC has launched a revamped tax information portal https://taxinformation.cbic.gov.in/. With the help of this portal, all indirect tax legislations, rules, regulations and forms will be available for the easy reference of taxpayers. CBIC will continuously update and expand this portal in a phased manner.
- 07 Dec 2021 11:51 AM
Use GST data to raise direct tax revenue
Transparency as to employee compensation leads to better taxation of employee incomes. The more complete the GST chain, the better eventual realisations of both direct and indirect taxes.
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- 07 Dec 2021 12:14 PM
GST Compliance Burden on Food Delivery Applications & Restaurants
From January 1, 2022, Food delivery apps will primarily collect5% GST with the government, on behalf of the restaurants, for deliveries made by these platforms. This has been proposed by the government with a motive to bring several restaurants under the GST regime.
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- 06 Dec 2021 07:10 PM
Fake ITC worth Rs. 12 crores busted by Thane CGST; One Arrested
Source: https://taxguru.in/goods-and-service-tax/fake-itc-worth-rs12-crores-busted-thane-cgst-arrested.html
The officers of CGST Thane Commissionerate acting on specific intelligence developed by CIU, Mumbai CGST Zone, booked an anti-evasion case and arrested the Proprietor of M/s. Star Scrap Steel.
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- 06 Dec 2021 06:49 PM
Stock brokers' body pleads govt to cut GST for capital markets in Budget
Anmi said that Indian capital market is burdened with numerous transaction cost which includes various direct and indirect taxes, such as STT, GST, and stamp duty
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- 04 Dec 2021 04:37 PM
Tax Discussion in the Parliament on 25.11.2021
Source: https://taxguru.in/goods-and-service-tax/tax-discussion-parliament-25-11-2021.html
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA
UNSTARRED QUESTION NO. 53
- 03 Dec 2021 07:24 PM
Job hoppers may have to pay GST for not serving the notice period. Details here
The employer can charge 18 per cent GST on the total recoveries accruing on the employee leaving the organisation without serving the notice period., say experts.
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- 03 Dec 2021 07:00 PM
Apparel retailers warn that GST rate hike will hit demand
The GST rate hike announcement came just when apparel brands were reporting a recovery in demand
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