GST NEWS
GST officers arrest 4 in 3 different cases of ITC fraud of ₹178 crore
The Finance Ministry had arrested four persons in different cases of fraud claim of input tax credit. "The officers of Central Goods and Services...
GST NEWS
Traders’ body to release white paper on state of GST regime
Due to raising concerns in GST tax regime, traders’ association has called for a traders' strike on February 26. CAIT has called it a...
GST NEWS
GST raid yields Rs 80 lakh, illegal documents
Ludhiana GST Department had seized Rs80 lakh and a bunch of incriminating documents, including multiple bills, receipts and cheque books. The firm was engaged...
GST NEWS
GST officers to immediately suspend taxpayer’s registration for ‘significant anomalies’ in sales return
To curb tax evasion, GST officers will now suspend registrations of those taxpayers whose returns are not properly filed. CBIC has issued a standard...
GST NEWS
National Pension System: Lesser-known income tax, GST benefit that NPS scheme beneficiaries must know
NPS helps not only in reducing the taxable income but also to lead a food life post retirement. SEBI registered tax and investment expert...
GST NEWS
ICAI wants FM to withdraw Budget proposal on doing away with GST audit
In a recent Budget, the Finance Ministry had taken away the requirement of GST Audits by Chartered Accounts. Consequently, Institute of Chartered Accountants of India had asked...
GST NEWS
₹427-crore bogus GST billing racket busted in Ludhiana, two held
Ludhiana Central GST Commissionerate had GST racket of 32 bogus firms that claimed fake ITC to the tune of Rs. 65 crore via fake bills...
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