GST scam: Absence of physical verification emboldens fraudsters
Lack of a mechanism entailing physical verification of business entities has led to a rise in GST frauds throughout the […]
GST Recent News, News
News
GDP to shrink 7.8% in FY21; recession to end in Q4, says ICRA
India’s economy would shrink 7.8 percent in the current financial year and just 1 percent in third quarter of FY21,
GST Recent News, News
Supreme Court stays Delhi High Court’s order on Bharti Airtel claiming Rs 923 crore GST refund
The Supreme Court on Thursday stayed the Delhi High Court order, allowing Bharti Airtel Ltd to claim Rs 923 crore
News
I-T department detects over Rs 700 crore tax evasion after raids against Chennai’s Chettinad Group
The income tax (I-T) department has detected tax evasion of more than Rs 700 crore after it recently raided multiple
Press Release, Press Release
Income Tax Department conducts searches in Chandigarh
The Income Tax Department carried out search and seizure operations on 13.12.2020 in the case of a Chandigarh based listed
Notification And Circular, Notification and Circular
CBIC issued instructions for time bound processing of Duty Drawback claims
CBIC vide Instruction No. 21/2020-Customs dated December 16, 2020 issued instructions for time bound processing of Duty Drawback claims. The undersigned is
GST Recent News, News
DPIIT Secy: Reforms taken by govt created solid footing for investments to take-off
Reforms like reduction in corporate taxes and introduction of Goods and Services Tax (GST) under taken by the government have
GST Recent News, News
Tax Evasion: Rs 110 crore GST notice to vegetable seller
A vegetable seller of Rourkela has fallen prey to GST fraud as a notice for Rs 110 crore tax evasion
GST Recent News, News
Panel suggests GST cut, liberal lending for auto
A parliamentary panel has called for a reduction in GST on automobiles to 18% to spur demand and help the
GST Recent News, Important News
GSTN issued advisory on Auto population of details in Form GSTR-3B from Form GSTR 1 & 2B
Auto Populated details in Form GSTR 3B: Now, auto-population of system computed details in Form GSTR-3B, has been enabled for taxpayers