29,273 bogus firms evaded ₹44,015 cr tax since May: Govt
Haryana tops the list of fake firms per lakh among entities registered with the Goods and Services Tax authorities
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Goods & Services Tax (GST) Updates
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Kyc aadhaar is only to keep us busy.
Fake credit claims worth Rs 19,690 crore in FY24 till January; Haryana, Delhi lead
The amount involved in fake ITC claims in FY24 (till January) is 49 per cent higher than Rs 13,175 crore detected in 1,940 cases in FY23.
indianexpress.com
Now, GST probe into big corporates, major MNCs needs a ‘written approval’
Central GST officials to seek a prior written nod of zonal Chief Commissioners before initiating any investigation into big industrial houses and major MNCs, as well as “sensitive matters or matters with national implications”
Next government must urgently fix ‘unnecessarily complex’, counter-productive GST: 13th Finance Commission chair
Vijay Kelkar says urgent reforms needed in India's complex GST regime, advocating for a single 12% tax rate and revenue sharing.
DGGI detects 99% Surge in GST evasion, unearths ₹2.01 lakh crore worth of tax fraud in FY24
The online gaming and casino industry, evaded ₹83,588 crore followed by the co-insurance or re-insurance sector, with ₹16,305 crore and secondment (import of Manpower Services) with ₹1,064 crore of evasion.
Supreme Court Seeks Data Of GST Arrests, Says Citizens' Harassment Won't Be Allowed Due To Any Ambiguity In Arrest Provisions
While hearing a batch of petitions challenging penal provisions of GST Act, Customs Act, etc. as non-compatible with the CrPC and the Constitution, the Supreme Court on Thursday (May 2) expressed...
Five GST officials arrested in refund fraud cases
Five GST officials arrested in refund fraud cases
Fancy cars, OTPs, stolen IDs and fudged invoices: Tracking the trail behind Rs 5,300-crore GST fraud
Wrongful availment of input tax credit through fake claims has emerged as one of the biggest causes of concern for GST authorities amid continuing action against fraud, evasion and registration of bogus entities under the indirect tax regime.
indianexpress.com
Instant flour mixes for dosa, idli, khaman cannot be classified as sattu; to attract 18% GST
Instant mixes, including idli, dosa and khaman flour, cannot be classified as chhatua or sattu and 18% GST should be levied on them, the Gujarat Appellate Authority for Advance Ruling (GAAAR) has ruled.
Insurance premiums: Parliamentary panel calls for lowering GST on insurance
The committee, in its recommendations, observed that the high rate of GST results in a high premium burden, which acts as a deterrent to getting insurance policies. The current GST rate is 18%.
