- 07 Mar 2022 05:44 PM
- New
29 year old man arrested for involvement in fake GST ITC racket
Source: https://taxguru.in/goods-and-service-tax/29-year-man-arrested-involvement-fake-gst-itc-racket.html
CGST Commissionerate, Raigad arrests 29 year old involved in fake GST Input Tax Credit racket As a part of the special Anti-Evasion drive launched by CGST, Mumbai Zone against the fraudsters and tax evaders, CGST Commissionerate, Raigad has arrested a 29 year old man, who actively connived in creation of more than 15 sham firms, which were used for generation, availment and utilization of fraudulent GST Input Tax Credit (ITC) of Rs.
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- 07 Mar 2022 05:46 PM
- New
CBI arrests A CA & A Joint Commissioner CGST in alleged bribery case
CBI ARRESTS A CHARTERED ACCOUNTANT AND A JOINT COMMISSIONER IN AN ALLEGED BRIBERY OF RS.FOUR LAKH; RECOVERS CASH OF RS.7.4 LAKH(APPROX) The Central Bureau of Investigation has arrested a Chartered Accountant and a Joint Commissioner , CGST, Nagpur in an alleged bribery of Rs. Four Lakh.
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- 04 Mar 2022 05:46 PM
- New
CGST Comm. Ghaziabad arrests 2 for alleged involvement in GST Fraud
PRESS NOTE
CENTRAL GST COMMISSIONERATE, GHAZIABAD ARRESTS TWO PERSONS INVOLVED IN GST FRAUD OF TAXABLE VALUE OF RS. 96.84 CRORES AND AVAILMENT AND UTILIZATION OF FAKE INPUT TAX CREDIT OF RS. 5.15 CRORES (APPROX.)
- 02 Mar 2022 05:37 PM
Karnataka readies to exempt GST, royalty on construction material, says CM
Karnataka: Chief Minister Basavaraj Bommai has said that he is ready to exempt GST and royalty on steel, cement, and other construction materials if the Centre bears 25% of the land acquisition cost for the projects
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- 02 Mar 2022 05:53 PM
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
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
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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