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Fake ITC worth Rs. 12 crores busted by Thane CGST; One Arrested

Fake Input Tax Credit racket worth Rs. 12 crores busted by Thane CGST; One Arrested 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. The firm is involved in trading of Ferrous Waste and Scrap; [&h...

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Tax Discussion in the Parliament on 25.11.2021

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO. 53 TO BE ANSWERED ON MONDAY, THE 29th NOVEMBER, 2021 AGRAHAYANA 8, 1943 (SAKA)  ‘Tax on Multinational Companies’ 53. SHRI RITESH PANDEY: Will the Minister of Finance be pleased to state: (a) whether the Government has presently any plans, ...

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New Functionalities for Taxpayers on GST Portal (July-September, 2021)

New Functionalities made available for Taxpayers for July-September, 2021 on GST Portal related to GST Returns, Registration etc. which includes Extension of time limit for filing application for revocation of cancellation of registration, Addition of bank account details made mandatory for taxpayers, Suspension of GSTINs of the suspected...

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New Functionalities for Taxpayers on GST Portal- November, 2021

GOODS AND SERVICES TAX NETWORK New Functionalities made available for Taxpayers for the Month of November, 2021 on GST Portal related to GST Registration, Refunds, Registration, Returns and Payments, Refunds, Appeals, Enforcement and Recovery. Page Contents1. Registration2. Refunds, Registration, Returns and Payments3. Refunds4. Appeals5....

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Section 9(5) – GST Liability-e-commerce operator- Consolidated Notification

Notification No.17/2021 - CT - Rate - Goods and Service Tax (18/11/2021)  

Section 9(5) – GST LIABILITY – E-COMMERCE OPERATOR: CONSOLIDATED NOTIFICATION Section 9 of the Central Goods and Services Tax (CGST) Act, 2017 relating to ‘Levy and Collection’, Section 9 (5) The Government may, on the recommendations of the Council, by notification, [ Refer Notification No.17/2017] specify catego...

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₹ 1,31,526 crore gross GST revenue collected in November

₹ 1,31,526 crore gross GST revenue collected in November GST collection for November,2021 surpassed last month collection registering the second highest since implementation of GST Revenues for the month of November 2021 , 25% higher than the GST revenues in the same month last year and 27% over 2019-20 The gross GST revenue collected i...

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₹ 1,31,526 crore gross GST revenue collected in November

₹ 1,31,526 crore gross GST revenue collected in November GST collection for November,2021 surpassed last month collection registering the second highest since implementation of GST Revenues for the month of November 2021 , 25% higher than the GST revenues in the same month last year and 27% over 2019-20 The gross GST revenue collected i...

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Gross GST Collection in FY 2021-22 shows increasing trend

The gross GST Collection in FY 2021-22 post COVID-19 pandemic outbreak are showing an increasing trend. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in written reply to a question in Lok Sabha today....

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Guidelines for disallowing debit of electronic credit ledger under Rule 86A

F No. 461403 Government of Haryana Excise and Taxation Department Dated the 22nd November, 2021 Subject: Guidelines for disallowing debit of electronic credit ledger under Rule 86A of the HGST Rules, 2017- Reg. Rules 86A of the Haryana Goods and Services Tax Rules, 2017 (hereinafter referred to “the Rules”) provides that in ce...

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Representation on increase in GST on textile & footwear

Ref: 202/GST/2021 (22/11/2021)  

Nag Vidarbha Chamber of Commerce (NVCC) has made a representation to Hon’ble Prime Minister of India and Others against increase in GST on textile & footwear from 5% to 12%.  It requested that in the interest of the textile & footwear sector and society at large to take back the decision of hike in GST […]...

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