GST return filing

GST Officers Busted Fictitious Exporter In ITC Fraud

GST Officers Busted Fictitious Exporter In ITC Fraud

Delhi’s GST officers busted a fictitious exporter in ITC fraud of Rs. 134 crore. The Central Goods and Service Tax (CGST) officials have exposed a network of spurious exports and arrested a man named Chirag Goel in connection with GST fraudulent Input Tax Credit (ITC) of Rs. 134 crore. He intended to claim a GST … Read more

Unexpected Revenue Growth in Punjab GST Return filing for 2020-21

Unexpected Revenue Growth in Punjab GST Return filing for 2020-21

In a sign of continued development in business sentiment, Punjab has accounted for significant development in the GST collection in 1st half of pre covid financial year from 2020 to 2021. IGST (Integrated goods and services) and SGST (State goods and services) in April to September of this financial year stood at Rs 7851 crore, … Read more

GST Return filing Defaulters cannot Raise E-way bill

GST Return filing defaulters cannot raise e-way bill

An urgent reminder to GST taxpayers: start doing GST Return Filing immediately or face the risky hindrance in your business operations. The recent notification will have a significant impact on taxpayers because the E-Way Bill generation blocking facility is now in effect. In this article, we will understand about the government’s most recent update as … Read more

GST Department may target Unregistered Businesses

GST Department may target Unregistered Businesses

The Goods and Services Tax (GST) department will continue its campaign this week to raise awareness about GST laws among local businesspeople and check unregistered companies in the Dehradun region. In this article, we will read the latest news that the GST Department may target unregistered businesses for their awareness program. We will also understand … Read more

GST collections in Sept jumped to 1.17 lakh crore

GST collections in Sept jumped to 1.17 lakh crore

GST Collections in Sept surpassed 1.17 lakh crores. It is a 22.5 percent year-on-year increase, the fourth-highest collection since its inception on July 1, 2017, and the second-highest in the current fiscal year. The GST Collection in September indicates a successful transition of commercial activities following the second wave of the Covid-19 pandemic as well … Read more

GST Officials Arrested Proprietor In Tax Credit Fraud

GST Officials Arrested Proprietor In Tax Credit Fraud

According to information available from the Bhiwandi commissioner, a man from Andheri was detained on a charge of the proprietor in tax credit fraud in unlawful business operations, such as fraudulent receipts, to claim Rs 9.95 crore in Input Tax Credits (ITC) as director of four enterprises. In this article, we will read the latest … Read more

GST late Fee may waive off on Delayed GST Return Filing

GST late fee may waive off on delayed GST Return filing

The CBIC (Central Board of indirect taxes and customs) directed the GST ( Goods or service tax) networks to waive off delayed fees or interest for a single day owing to technical glitches during the GSTR-3B filing return. The article discusses the latest news on  GST late fee may waive off on delayed filing of … Read more

Relaxations in GST Return Filing- Update for GST ITC-04 Form

Relaxations in GST Return Filing- Update for GST ITC-04 Form

A major relief for taxpayers having GST Registration. The Finance Minister Nirmala Sitharaman announced relaxation regarding a major GST Return Filing form. In this article, we will read about Relaxations in GST Return Filing related to GST ITC-04 Form. 45th GST Council Meeting The 45th GST Council meeting was held physically for the first time … Read more

GST on Packed Paratha, says Gujarat AAR

GST on Packed Paratha, says Gujarat AAR

The debate over the rate of goods and services tax (GST) on food products is far from done. The Ready-Made parathas, which require to be heated prior to consumption, can not be similar to chapati, roti, or Khakra and would attract GST at the rate of 18%, the GAAR (Advance Ruling Authority of Gujarat) has … Read more

Food Delivery Apps Liable to Pay GST on Restaurant Services

Food Delivery Apps Liable to Pay GST on Restaurant Services

The GST Council endorsed a proposal on Friday that platforms for public food supplies such as Swiggy and Zomato should collect 5% GST after getting GST Registration. The pandemic gave a boon for food supply platforms after the first lock-down and delivery of restaurants with aggregate orders such as Swiggy and Zomato up 120% of … Read more