Inter state fake invoice racket busted by DGGI involving fraudulent ITC of Rs. 26.09 Crore
An Inter State fake invoice racket with fake transactions valued at over Rs. 131 Crore involving 3 Taxpayers, one based […]
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Industry: PLI to help EV ecosystem; tax breaks for hybrids key
Even as the automotive industry is buoyed by the extension of the government’s production linked incentive (PLI) scheme for the
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Centre must borrow ₹1.7 lakh crore for GST relief shortfall: 5 non-BJP states
The Opposition-ruled states have asked the Centre to convene a meeting of the Goods and Services Tax (GST) Council to
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GSTN issued FAQs on Viewing Orders of Unblocking of E-Way Bill Generation Facility
GSTN has issued FAQ’s on ‘Viewing Orders of Unblocking of E-way bill Generation Facility’ in respect of blocking of E-way
Important Pronouncements
Commissioner can authorize ‘arrest’ prior to completion of adjudication/assessment
The Hon’ble HC, Gujarat in Vimal Yashwant Giri Goswami & Others v. State of Gujarat [R/SLP No. 13679/2019 dated 20.10.2020]
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GST registration procedure set to be tightened
The government is working to tighten the procedure for new GST registration after it has detected GST fraud of over Rs
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Telangana decides to go for Option-1 to meet the GST implementation shortfall
The Government of Telangana has communicated its acceptance for Option-1 out of the two options suggested by the Ministry of
News
Misplaced focus: Surging export aids fail to boost shipments
Even as India’s export promotion schemes have been under attack for several years in multilateral forums for their subsidy content,
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West Bengal: GST shortfall Amit Mitra flags higher rate for states, wants Centre to borrow Rs 1.8 lakh cr
West Bengal Finance Minister Amit Mitra has written a letter to Union Finance Minister Nirmala Sitharaman questioning a higher RBI interest rate
GST Recent News, Important News
E-way bill generation facility to be blocked for all taxpayers who failed to file GSTR-3B/GST CMP-08 for two or more tax periods; effective from Dec 01, 2020
In terms of Rule 138E (a) and (b) of the CGST Rules, 2017, the E-Way Bill (EWB) generation facility of