Tag: Weekly Updates
GST NEWS
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...
GST NEWS
GST officials catch massive tax fraud of Rs 2,350 crore, fake invoices, ITC claims
Three persons have been arrested by GST officials involving GST fraud over Rs.2350 Crores. Sachin Bhoruka, Director/Partner in various firms such as Erman Metals,...
GST NEWS
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 NEWS
Panel proposes stricter GST registrations
The law committee has proposed various changes to tighten registration through an Aadhaar-type mechanism and keep a tighter vigil on suspected wrongdoers to curb...
GST NEWS
BYJU’S CFO Called For In-Person Appearance For Clarification On GST Filings
BYJU’S chief financial officer (CFO) P V Rao has been called for recording a statement to give clarification on GST filings. He has been...
GST NEWS
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 NEWS
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...
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