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CBIC releases SOP for physical verification of entities to counter fake in
Updated : 5 years, 4 months ago IST
New Delhi [India], November 29 (ANI): As a part of its strategy to counter Goods and Services Tax (GST) fake invoice frauds via search and surveys leading to arrests and booking of cases against fake entities involved in availing and passing on input tax credit (ITC) fraudulently, the Centra
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25,000 defaulters to be persuaded to file GSTR-3B returns by Nov 30
Updated : 5 years, 4 months ago IST
New Delhi [India], November 28 (ANI): A non-government organisation, Goods and Services Tax Network (GSTN) along with tax officials would persuade 25,000 taxpayers, who have not filed their GSTR-3B (simple tax return form) returns by the due date of November 20 for the month of October, t
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GST Intelligence Unit arrests Haryana resident for Rs 129 crores tax evasi
Updated : 5 years, 4 months ago IST
New Delhi [India], Nov 28 (ANI): Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit on Friday arrested a Haryana resident for evading taxes worth Rs 129 crores.
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Public policy, strong enforcement needed to address counterfeiting, smuggl
Updated : 5 years, 4 months ago IST
New Delhi [India], November 27 (ANI): The parallel economy in counterfeiting and smuggling has to be addressed if India wants to achieve a USD 5 trillion economy by 2025 and aim to take it to USD 10 trillion by 2027, said Dr Amar Patnaik, Member of Parliament, Rajya Sabha.
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Improved economic activities likely to boost GST collections in November:
Updated : 5 years, 4 months ago IST
New Delhi [India], November 26 (ANI): Riding high on improved economic activities the Goods and Services Tax (GST) collections in November is projected to be 10-month high of Rs 1.08 lakh crore as compared to Rs 1.05 lakh crore in October 20, SBI Ecowrap stated here on Thursday.
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Two more states, Kerala and West Bengal choose Option-1 to meet GST implem
Updated : 5 years, 4 months ago IST
New Delhi [India], November 25 (ANI): Governments of Kerala and West Bengal have communicated their acceptance of Option-1 to meet the revenue shortfall arising out of GST implementation. The number of States which have chosen this option has gone up to 25.
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One held by DGGI Rohtak for issuing fake invoices of input tax credit
Updated : 5 years, 4 months ago IST
Rohtak (Haryana) [India], November 24 (ANI): The Directorate General of GST Intelligence (DGGI) on Monday arrested one person in Haryana's Hisar pertaining to the ongoing investigation of fraudulent passing of Input Tax Credit (ITC).
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Law Committee of the GST Council suggests measures to tackle fake invoices
Updated : 5 years, 4 months ago IST
New Delhi [India], November 22 (ANI): The Law Committee of the GST Council after its intense deliberations on the issues of GST fake invoice frauds, spread over two days, has suggested two-pronged manifold measures that would warrant on the one hand to tackle the menace of fake invoices and
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Telangana opts for Option 1 to meet GST shortfall, joins 22 other states
Updated : 5 years, 4 months ago IST
New Delhi [India], November 18 (ANI): The Union Ministry of Finance informed that Telangana has opted for Option-1 suggested by the Ministry to meet the shortfall in revenue arising out of GST implementation.
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Law Committee of GST Council to meet on Wednesday to discuss fake invoices
Updated : 5 years, 4 months ago IST
New Delhi [India], November 16 (ANI): An urgent meeting of the Law Committee of the Goods and Service Tax (GST) Council has been convened on Wednesday here in New Delhi to discuss in detail the issue of fake invoices to claim input tax credit under the indirect tax regime.
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Nationwide drive against GST fake invoices fraud, 25 arrested in last 4 da
Updated : 5 years, 4 months ago IST
New Delhi [India], November 15 (ANI): Twenty-five people have been arrested over the last four days by the Directorate General of Goods & Services Tax (GST) Intelligence (DGGI) in some 350 cases across the country against 1,180 entities involved in creating fake invoices and GST evasion.
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Firm busted for availing benefit from bogus invoices in Delhi
Updated : 5 years, 4 months ago IST
New Delhi [India], November 12 (ANI): The officers of Central Goods and Services Tax (CGST) Delhi South Commissionerate, have busted a firm involved in availing benefits from bogus invoices.
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