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GST practitioner netted for invoice fraud worth Rs 35 crore

A GST practitioner arrested for allegedly running a fake invoice racket. The accused Rajesh Gandhi, a shareholder of Flora Corporation Ltd, had shown business...

ST support: Some states get central compensation despite revenue growth

According to GST compensation law, the states are guaranteed a revenue growth of 14% on the FY 2016 base. Under this, the monthly state...

New Functionalities on GST Portal

Tax Officers can: File application for rectification of order passed by appellate authority (Section 161) Allow or reject application for compounding of offence in...

GST Collection Drops to Rs 97,247 Crore in February From 1.02 Lakh Crore in January

GST collections for February dropped to Rs 97,247 crore from January’s  Rs 1.02 lakh crore.The GSTR-3B filed for the month of January up to...

Realtors seek clarity on GST exemption on development rights

Realty developers are seeking clarity on recent exemption offered from the GST levied on development rights, including transferable development rights (TDRs), development rights certificates...

Audi India expects subdued growth due to higher tax

German carmaker Audi is likely to see a muted growth in the current year due to low sales volume. However, the group with its brands Audi,...

Govt issues order on ‘removal of difficulties’ in GST

Jammu and Kashmir Government issued an order to remove the difficulties being faced by small businessmen in the implementation of the Goods and Service...

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