Tag: GST News
GST NEWS
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....
GST NEWS
West Bengal accepts GST borrowing option
The state of West Bengal has accepted the borrowing option of Rs. 1.1 lakh crore to meet the Goods and Services Tax (GST) shortfall...
GST NEWS
Rs 400 crore GST fraud, four businessmen from Mumbai held
The Central GST Department has arrested four businessmen from Mumbai for a Rs 400 crore GST evasion. The director of Rane Megastructure Pvt Ltd, proprietor...
GST NEWS
GST e-invoicing mandatory from January 1, 2021 if turnover exceeds Rs 100 cr
The CBIC has notified that GST e-invoicing is mandatory from January 1, 2021 for firms whose turnover exceeds Rs 100 crore. Earlier the limit...
GST NEWS
State GST Ludhiana arrests 3 for claiming forged ITC worth Rs30 crore
Three persons being proprietors/Kartas of the firms located in Ludhiana have been arrested by officers of Special Investigation team, Punjab State GST, Ludhiana. It...
GST NEWS
GST Fraud In Odisha’s Bolangir Worth 1 Crore
GSTIN portal is now able to handle taxpayer traffic to up to three lakh users at a time. Earlier it was 1.5. lakhs. According...
GST UPDATES
Central and State Jurisdiction
Jurisdiction means an authority given to legal departments to deal with legal cases falling within a particular geographical boundary. The GST Council vide Circular...
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