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Tag: good-and-services-tax

Kerala and West Bengal choose Option 1 to meet GST implementation shortfall

Kerala and West Bengal have opted for Option -1 to meet GST Compensation shortfall. Now, the number of states who have chosen the option...

The problem with tough plans against GST fraud

GST has been entangled with shad dealers claiming fake ITC and issuing bogus bills. To curb this menace, the GST Council’s law panel has...

Rs 2,100-crore GST fraud: Private firm director held in Mumbai

The state GST department of Maharashtra has arrested director of a company who opened fictitious companies. He has submitted bogus bills of Rs 2,100...

GST registration may be linked to biometrics

Two officials have said that an empowered panel might link GST registration to biometric details with a live photograph of applicants in an attempt...

41 arrested in fake invoice case; three CAs face disciplinary action

DGGI has arrested 41 people in the last eight days in a fake invoice cartel. It will approach ICAI for taking action against three...

GST e-invoice will reduce compliance burden: Govt

After E-invoicing is made fully operational, the Government plans to do away with monthly filing of GST returns. It will help in reducing compliance...

GST not a perfect system, requires changes, rate rationalisation: N K Singh

Fifteenth Finance Commission Chairman N K Singh said that GST required changes, including greater rate rationalisation  since it was not a perfect tax system....

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