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Punjab short by 43% of targeted GST revenue

Punjab is still short by 43% to meet its annual target of over Rs 15,858 crore collection. Out of total of around Rs 4,000...

Mandatory FASTags to GST return filing: These rules are changing from next month

With New year coming, many rules are going to be implemented now. FasTags are going to be mandatory for all four wheelers. FASTag will...

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...

GST Tax Fraud: Scamsters Spreading Tentacles In Odisha

GST frauds from Rourkela were emerging on regular basis and now tax evasion cases from other areas  within the state are coming into light....

CA Bodies Urge Extension of Deadline to 31 March 2021 for Filing Income Tax, GST Returns and Other Audits

Chartered Accountant bodies have urged FM to extend deadlines for IT returns, GST and other audit forms due to COVID-19. In the latest representation,...

Retrospective amendment” in GST law: Time frame prescribed by tax department more of a direction says Delhi High Court

The Delhi High Court has said that tax department’s amendment around transition credit under GST framework is more of a direction. The time limit of 90 days...

Centre releases Rs 42,000 cr to states to meet GST compensation shortfall

Since October, the Centre has borrowed Rs.42,000Crore to meet the GST shortfall. On Monday, the latest instalment has been released of Rs.6000 Crore to...

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