Haryana GST authorities have arrested two persons for generating fake invoices and fraudulently availing input tax credit totalling ₹127 crore.
The arrests were made by the Directorate General of GST Intelligence (DGGI), Gurugram Zonal Unit (GZU), Haryana.
Gulshan Dhingra and
GST Council in the next meeting may consider scrapping of GSTR-9 and GSTR-9C for FY 17-18 for small taxpayers. It is expected that taxpayers having turnover upto Rs.5 crore might get the said relief from filing annual return and GST
The shift to the goods and services tax (GST) regime marked a significant step towards the creation of a common national market. But the transition to this new indirect tax regime has been marred by implementation glitches. The compliance burden
Industry body Assocham on Thursday sought inclusion of petroleum products in GST and subsuming of some local and state taxes like stamp duty.
“The two-year period for keeping petroleum products outside GST is almost over. Also, these products being outside
The Union Budget 2019 has provided relief to GST-registered taxpayers with several new updates. One such amendment relates to the interest on the delayed payment of GST liability. This is a big relief for taxpayers, because, until this amendment was
Flat owners will pay 18 per cent GST if their monthly maintenance fees to resident welfare associations (RWA) is more than Rs 7,500, said the Finance Ministry on Monday.
RWAs have to collect GST on fees charged from members, if
On how the tax liability would be calculated for a person who owns two or more flats in the housing society or residential complex, the Ministry said in such cases the ceiling of Rs 7500 per month per member shall
The landmark Goods and Services Tax (GST) has completed two years. The one-nation, one-tax revolution is witnessing many legal issues but it’s settling down gradually. Recently, the Hon’ble Gujarat High Court has pronounced its judgement on the convoluted saga of
Those paying goods and services tax (GST) after the due date have been given relief in the Budget. The Finance Bill, which is yet to be passed by Parliament, has proposed that interest would be charged on the delayed payment
The GST Network has developed a system whereby SMSes are being sent to promoters, directors and proprietors automatically in case of default in payment of tax, filing of returns or mismatch in ITC claims by the business entities, its Chief