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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...

₹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...

States’ GST revenue shortfall to be lower due to better collections in last months: Finance Secy

Finance Secretary Ajay Bhushan Pandey said taxing interest on employee contributions to provident fund over Rs 2.5 lakh per annum is based on ‘principles of equity’. This...

Budget 2021: Key Changes In GST To Help Small And Medium-Sized Businesses

Certain key changes were announced in GST Act to help small and medium taxpayers. Business entities with turnover up to Rs.5Crore are not required...

GST fraud worth ₹350 crore detected, one arrested

The GST and Central Excise Department, Chennai North arrested old man from Kodungaiyur for allegedly committing GST fraud. it is alleged that he had...

Centre may bring natural gas within the GST ambit

Two officials from Union Government has said that Centre might bring natural gas within GST ambit. The ministry of petroleum and natural gas (MoPNG)...

GST tax credit probe: I-T conducts surveys at Zee and L&T offices

The income tax department has conducted surveys at premises of Zee Entertainment Enterprises Ltd and Larsen & Toubro (L&T) Ltd since an investigation was...

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