GST fraud: man held for issuing fake invoices worth over ₹171 crore
Officers of the Directorate General of GST Intelligence (DGGI), Visakhapatnam Zonal Unit, arrested Maddi Prasad in Karnataka for allegedly being involved in a GST fraud involving bogus invoices worth ...
Tax Guru3d
Reconsider 200% Penalty on Non-Generation of E-Invoice; Released vehicle on ₹10 Lakh Deposit: HC
Review of matter imposing 200% Penalty on non-generation of E-Invoice due to non-consideration of Circular No. 10/2019 dated 31.05.2019 Conclusion: The Officer was directed for fresh consideration of ...
Socialite called for quizzing in ‘GST evasion case’
Socialite Shalini Passi has been summoned by the Meerut unit of Directorate General of GST Intelligence in a case of alleged ...
GST-ITC fraud cases surged 41%, amount detected jumped 28% in Apr-Jan over full FY24
Increase in ITC fraud cases and amount detected in current fiscal, with measures taken to prevent tax evasion.
NewsBytes1d
New GST rules effective April 1: Key changes for businesses
The government is introducing the Input Service Distributor (ISD) system from April 1, 2025, to improve tax collection on ...
Tax Guru2d
ITC on Fake Invoices: Madras HC Remits Case with 25% disputed tax payment Condition
In that case, the Madras High Court remanded a similar matter with conditions, including payment of 25% of disputed taxes. The petitioner claimed to have already remitted the entire tax amount and ...
The Print12d
Changes in GST must be more comprehensive than mere rate reduction: Congress
With Finance Minister Nirmala Sitharaman asserting that the GST rates will come down further, the Congress on Sunday said any changes in the tax must be more comprehensive than a mere rate reduction ...
India’s trade needs more precise HSN codes
A 10-digit Harmonised System of trade Nomenclature, with accurate classification, will facilitate smoother trade talks, ...