GST officials can’t force recovery during searches
Posted Date : 27-May-2022 , 11:05:03 am | Posted By CASANSAAR
Tax authorities will now face action if a taxpayer makes voluntary payment of tax during a search. In a move aimed at curbing instances of use of force or coercion, the Central Board of Indirect Taxes and Customs (CBIC) has directed its field formations that recovery of tax due...
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CBIC extends April 2022 GST payment deadline under QRMP scheme
Posted Date : 18-May-2022 , 07:37:38 am | Posted By CASANSAAR
The due date of payment of tax for the month of April, 2022 by taxpayers under QRMP scheme in FORM GST PMT-06 has been extended till 27th May, 2022 (refer notification No. 06/2022-Central Tax dated 17.05.2022
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CBIC extends due date for filing of Form GSTR-3B
Posted Date : 18-May-2022 , 07:31:38 am | Posted By CASANSAAR
The due date for filing FORM GSTR-3B for the month of April, 2022 has been extended till 24th May, 2022 (refer notification No. 05/2022-Central Tax dated 17.05.2022)
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GST collections in April 22 touch all-time high of Rs 1.68 lakh Cr
Posted Date : 02-May-2022 , 09:45:21 am | Posted By CASANSAAR
Goods and services tax (GST) collections hit an all-time high of ₹1.68 lakh crore in April, indicating strong economic activity despite multiple headwinds and better tax compliance. The April number is up 20% from the year earlier and ₹25,000 crore more than the previous highest of â‚...
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CBIC proposes mandatory GST scrutiny on quarterly basis
Posted Date : 15-Apr-2022 , 08:22:29 am | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) has proposed mandatory Goods and Service Tax (GST) scrutiny on a quarterly basis to enhance compliance through effective and standardised scrutiny of returns.
"CBIC to soon introduce mandatory quarterly scrutiny of GST returns. Scrutin...
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GST rules changing from April 1, to impact lakhs of companies in India
Posted Date : 30-Mar-2022 , 08:01:57 am | Posted By CASANSAAR
Central Board of Indirect Taxes and Customs has said that businesses with turnover of over Rs 20 crore will have to generate electronic invoice for B2B transactions from April 1, 2022.
Under Goods and Services Tax (GST) law, e-invoicing for business-to-business (B2B) transactions was made manda...
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CBIC issues scrutiny norms related to GST
Posted Date : 23-Mar-2022 , 08:39:04 am | Posted By CASANSAAR
The Central Board of Indirect Taxes & Customs (CBIC) on Tuesday issued scrutiny guidelines for GST, for the first two years of the new indirect tax regime, as part of a plan to plug leakages and shore up collections.
The CBIC has shared an indicative list of parameters, which suggested that...
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CBIC cautions against sharing Aadhaar, PAN details without valid reasons
Posted Date : 04-Mar-2022 , 09:32:34 am | Posted By CASANSAAR
CBIC cautioned the public against sharing Aadhaar and PAN details without a valid reason or for monetary gains, saying that the information could be misused by fraudsters for GST evasion.
In a tweet, the Central Board of Indirect Taxes and Customs (CBIC) said Aadhaar and PAN details can be used...
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Auto-population of e-invoice details into GSTR-1
Posted Date : 04-Mar-2022 , 09:19:37 am | Posted By CASANSAAR
Generation of e-invoice is mandatory for certain class of taxpayers, as notified by the Government. These taxpayers are required to prepare & issue their e-invoices by reporting their invoice data in the prescribed format (e-invoice schema in FORM GST INV-01) and reporting the same on ...
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GST collection crosses 1.30 lakh Cr mark in February 2022
Posted Date : 01-Mar-2022 , 06:45:38 pm | Posted By CASANSAAR
Finance Ministry said that more than one lakh 33 thousand crore rupees Gross GST Revenue was collected during the month of February.
It said that the collection of revenues for the month of February this year is 18 percent higher than the GST revenues in the same month last year and 26 perce...
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2 held by FBD CGST Commissionerate for issuing fake invoices of over Rs 200 Cr & availing involving fraudulent ITC of Rs 31.85 Cr
Posted Date : 25-Feb-2022 , 09:06:23 am | Posted By CASANSAAR
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...
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CGST unearths fake invoicing racket of Rs 611 Cr involving tax evasion of over Rs 38 Cr
Posted Date : 25-Feb-2022 , 08:54:47 am | Posted By CASANSAAR
Central Goods and Services Tax, CGST Commissionerate, Delhi has unearthed fake invoicing racket of 611 crore rupees involving tax evasion of over 38 crore rupees. Finance Ministry said the officers of Delhi South CGST Commissionerate came to know about certain bogus firms created solely for the purp...
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CBIC  to  scale  up departmental audits to boost GST  compliance
Posted Date : 08-Feb-2022 , 09:27:48 am | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) is set to scale up scrutiny and departmental audits of risky taxpayers to improve goods and services tax (GST) collections while using data and technology to ensure that officials make decisions transparently, chairman Vivek Johri said in an int...
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Bombay HC sets aside rejection of refund claims by GST authorities
Posted Date : 17-Jan-2022 , 09:53:31 am | Posted By CASANSAAR
The Bombay High Court has quashed an order by the GST authorities that had rejected the refund claim of an assessee because it was filed after two years, a time limit set by the rules. This was done since the authorities have not taken into cognizance the earlier Supreme Court verdict that excluded ...
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Delhi Man Arrested For Issuing Fake GST Invoices Worth Rs. 4,521 Cr
Posted Date : 15-Jan-2022 , 09:18:48 am | Posted By CASANSAAR
GST officers have arrested one person for operating a syndicate and issuing fake invoices of ₹ 4,521 crore for availing input tax credit (ITC) benefit under goods and services tax, an official statement said on Friday.
It said scrutiny of tally data has shown that there are 636 firms being ...
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GST collections in November cross Rs 1.3 lakh Cr, second highest ever
Posted Date : 02-Dec-2021 , 08:25:21 am | Posted By CASANSAAR
GST revenues for November this year have been the second highest ever since introduction of GST. The gross GST revenue collected in November this year is 1 lakh 31 thousand 526 crore rupees. For the second straight month Gross GST collection has crossed 1 lakh 30 thousand crore rupees. The revenues ...
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Employees liable to pay GST on salaries received during notice period - AAR
Posted Date : 01-Dec-2021 , 08:26:32 am | Posted By CASANSAAR
Amid a talent war among companies, the issue of high attrition rate has taken centre stage in the corporate world. However, another crucial point of debate among tax officials and companies is the tax treatment on salaries of employees serving the customary notice period.
A recent ruling in the...
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CGST Officials unearth input tax credit fraud of around Rs 34 crore involving 7 firms
Posted Date : 15-Nov-2021 , 08:08:25 am | Posted By CASANSAAR
Based upon specific intelligence, the officers of the Anti Evasion branch of Central Goods and Service Tax (CGST) Commissionerate, Delhi (East) have unearthed a case of availment/utilization and passing on of inadmissible input tax credit (ITC) through bogus GST invoices without actual movement of g...
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GST |
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GST Notices to firms after mismatch in GST tax credits
Posted Date : 13-Nov-2021 , 09:19:29 am | Posted By CASANSAAR
Goods and services tax authorities have started issuing notices to several companies, after uncovering a mismatch in tax credits using deep analytics tools embedded in the GSTN software.
The tax department's analytics department has found these discrepancies in returns filed by companies,...
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CBIC for strict enforcement to check fake invoicing
Posted Date : 11-Nov-2021 , 07:52:34 am | Posted By CASANSAAR
Regulatory checks on fake invoicing, including those of services, need to be strengthened for better tax compliance, according to an update on indirect tax administration from the Central Board of Indirect Taxes and Customs (CBIC) to field officers.
Senior officials of the Directorate General o...
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GST officers asked to block ITC only on basis of evidence, not suspicion
Posted Date : 06-Nov-2021 , 08:26:07 am | Posted By CASANSAAR
The CBIC has released guidelines on blocking of tax credit by goods and services tax (GST) field officers, adding such action should be on the basis of ‘material evidence’ and not just out of ‘suspicion’.
The norms by the Central Board of Indirect Taxes and Customs (CBIC...
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GST revenue collection for October second highest in history
Posted Date : 02-Nov-2021 , 08:05:23 am | Posted By CASANSAAR
The GST revenues for October have been the second-highest ever since the introduction of GST, second only to that in April this year.
The gross GST revenue collected in the month of October is one lakh 30 thousand 127 crore rupees. Out of this amount, the CGST component is 23,861 crore, SGST is 3...
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Canteen services for employees out of GST net - AAR
Posted Date : 20-Oct-2021 , 08:34:08 am | Posted By CASANSAAR
Canteen charges collected from employees will now be outside the gamut of goods and services tax following a tax ruling that offers some relief to several large industrial and manufacturing units.
In a recent ruling, the Gujarat Authority for Advance Ruling (AAR) said that GST is not applicable o...
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Delhi GST officers busts fictitious exporter network for Rs.134 Cr ITC Fraud
Posted Date : 14-Oct-2021 , 07:37:47 am | Posted By CASANSAAR
GST officers in Delhi have busted a network of fictitious exporters and arrested one person for fraudulently claiming input tax credit of ₹134 crore.
The Finance Ministry said that based on risk analysis, M/s Vibe Tradex, engaged in export of Pan Masala, chewing tobacco, FMCG goods etc, w...
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GST Network blocks Rs. 14,000 Cr input tax credits of 66,000 taxpayers
Posted Date : 13-Oct-2021 , 08:55:03 am | Posted By CASANSAAR
The Goods and Service Tax Network (GSTN) on Tuesday said it has blocked ₹14,000 crore worth of input tax credit (ITC) of 66,000 businesses registered under the GST.
Responding to social media posts based on an RTI reply about the ₹6.14 lakh crore of ITC blocked under Rule 86A of the...
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Ice cream supplied by parlours to attract 18% GST
Posted Date : 07-Oct-2021 , 08:21:15 am | Posted By CASANSAAR
Ice creams sold by a parlour or such outlets will attract 18 percent Goods and Services Tax (GST), the CBIC said on Wednesday.
In two sets of circulars, the Central Board of Indirect Taxes and Customs (CBIC) clarified on issues raised by trade and industry on rates changes related to 21 goods and...
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GST registration can't be cancelled if business not carried out from premises due to Covid 19 norms, protocols - Calcutta HC
Posted Date : 05-Oct-2021 , 09:08:15 am | Posted By CASANSAAR
The Calcutta High Court has ruled that goods and service tax registration cannot be cancelled if business was not carried out from the premises, due to the nationwide Covid pandemic.
The order was issued in case of an appeal filed by International Value Retail against revenue department and GST a...
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No GST input tax credit on CSR expenses - AAR
Posted Date : 04-Oct-2021 , 09:55:14 am | Posted By CASANSAAR
The Gujarat bench of the Authority for Advance Rulings (AAR) recently held that corporate social responsibility (CSR) activities under the Companies (CSR Policy) Rules are excluded from the normal course of business. Its ruling came in a case where the applicant was a private limited company, Adama ...
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GST collection for September crosses Rs.1.17 lakh Cr
Posted Date : 02-Oct-2021 , 07:15:02 am | Posted By CASANSAAR
The gross GST revenue collected in the month of September was 1,17,010 crore rupees, which included CGST component of 20,578 crore, SGST 26,767 crore and IGST component of 60,911 crore rupees.
The revenue for September was 23 per cent higher than the GST revenues in the same month last year. Duri...
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GST |
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CBIC asks taxmen to complete GST evasion investigations within a year
Posted Date : 25-Sep-2021 , 09:01:39 am | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) has asked field offices to draw up an action plan so that no case of GST evasion is pending investigation beyond one year.
In an instruction to field formations, the CBIC has also asked GST officers to speed up investigation and issue show-ca...
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