GST News [2]

GST News

GST dept to scrutinise IT, MCA data to identify entities not paying taxes

Posted in GST on 20 March 2023
The GST department will soon begin analysing ITRs filed by businesses and professionals and also MCA filings to ascertain if the entities are adequately dischar..

GST stalemate to continue for cryptocurrencies

Posted in GST on 18 March 2023
The proposed move to levy goods and services tax (GST) on cryptocurrencies is set to be delayed as consensus on the modalities has eluded officials from the cen..

CBIC initiates investigation of insurance companies for alleged wrongful availment of ITC

Posted in GST on 17 March 2023
The GST wing of the Central Board of Indirect Taxes & Customs (CBIC) is investigating over a dozen insurance companies for allegedly claiming wrongful input tax..

GST Evasion of Rs 150 Crore discovered in TMT Bar Clearance

Posted in GST on 13 March 2023
The Directorate General of GST Intelligence (DGGI), Chennai recently carried out coordinated search operations against three major taxpayers involved in the sup..

Taxpayers to mention 6-digit HSN Codes for outward supplies if AATO exceeds Rs 5 Crores

Posted in GST on 10 March 2023
A recent update issued by GST E-Invoice System dated March 09, 2023 stated that the E-Invoice System will not accept 4-digit HSN codes and the date for blocking..

E-way bill generation in Feb dropped to a 3-month low of over Rs. 8.18 crore

Posted in GST on 09 March 2023
During fiscal year 2021-22, number of e-way bill generated in December was 7.16 crore which dropped to 6.88 crore in January but rose to 6.91 crore in February...

GST Tax Evasion: Action initiated against 17229 persons in 2 years

Posted in GST on 06 March 2023
With the increasing incidence of fake billing scams and tax evasion, action was initiated against some 17,229 persons in Gujarat..

GSTN launches e-invoice registration services with private IRP

Posted in GST on 06 March 2023
In another step towards further digitization of the business process flow, GSTN has launched the e-invoice registration services through multiple private IRPs a..

Mastermind in fake GST billing case arrested

Posted in GST on 03 March 2023
The state GST department in Gujarat Tuesday said it has apprehended Irfan Sabbirhussain Kazi, the mastermind who set up 10 fake companies, made counterfeit bill..