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CAIT urges FM to defer rollout of Rule 86B in GST

CAIT, Trade Association has urged Finance Minister to defer Rule 86B under GST Rules. With this Rule, taxpayers having monthly turnover more than Rs.50Lakhs...

Flipkart’s Instakart used fake invoices to avail GST credit: Report

A unit of Flipkart namely InstaKart has allegedly used fake GST invoices to avail credit. The two vendors engaged in ‘manpower supply’ has issued...

Metal scrap trader held for Rs 26 crore GST fraud

A director has been arrested and sent to judicial custody till 4th January, 2021. North Chennai GST principal commissioner Ravindranath in a news release...

Last date for filing annual GST returns for FY20 extended to March 31

The due date for filing of GST Annual Return for F.Y 2019-20 has bee extended to March 31, 2021. Demands were made to extend...

Supply of games online attracts 18% GST: AAR

Maharashtra AAR Authority has held that online games provided to Indian customers through attachment or secured links will attract GST at 18%. The supplier...

GST implementation needs to be reassessed and made much simpler: Chief Economist

Chief Economist and HDFC Bank Executive Vice-President has said that both structure and implementation of GST need to be reassessed. He further stated that...

DGGI Nagpur Busts Fake GST Invoice Racket, Arrests 4 Persons

The DGGI has unearthed fake transactions of Rs.62.160Crore which includes fake ITC for RS. 31.08Crore. DGGI has arrested proprietors from Yavatmal district of Maharashtra...

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