Taxmen to conduct two-month special drive to weed out fake GST registrations, identify mastermindsThis menace of fake registrations and issuance of bogus invoices for passing fake ITC has become a serious problem, wherein fraudulent peop...
05 May, 2023, 07.27 PM IST
Revenue Dept seeks RTI exemption for its big data wing on GST, tax evasionDGARM, set up in 2017, to provide taxmen intelligence inputs and data analysis to identify, track and profile tax evaders, is also key to n...
13 May, 2022, 12.32 AM IST
Upcoming changes in GSTN and its impact on the present GST return filing systemWith a view to remedy the hardships faced by the taxpayers, the Government announced certain steps that are proposed to be taken to improve...
01 Aug, 2020, 11.16 AM IST
CBIC gives nod to clear pending GST registrations under 'special drive' by July 30In a move that will help in processing of a swathe of pending applications for goods and services tax (GST) registration, the Central Board...
18 Jul, 2020, 09.59 AM IST
CBIC finds 1,377 exporters as untraceable; detects Rs 1,875 crore fraud claims by these exportersOfficial sources said that 7516 exporters were on the risky exporter list as on date, of which IGST refund or drawback of 2830 exporters wo...
17 Jul, 2020, 11.43 AM IST
Centre, state tax officers can take intelligence based enforcement actions for all purposes: CBICThe communication was issued in response to reference on whether intelligence based enforcement actions initiated by Central Tax officers a...
30 Jun, 2020, 12.49 PM IST
GST Analytics wing to identify risky suppliers to exportersLast year, the CBIC had detected several cases of firms availing credit fraudulently through refund of Integrated Goods and Services Tax on...
21 May, 2020, 04.03 PM IST
GST officers to take steps to check export valuation, devise SOP for verification of risky taxpayersMeasures to check export valuation, including capping of value for calculating export benefits and incentives, were also discussed and prop...
13 Mar, 2020, 04.16 PM IST
Infosys asked to fix snags in GSTN within 15 daysThe government has written to Infosys co-founder and non-executive chairman Nandan Nilekani to look into the technical issues in the Goods ...
10 Mar, 2020, 07.47 AM IST
Frauds prompt government to act tough on errant exportersGovt is working on a new "risk management system" under which the income disclosed in the tax returns will be matched with the value of con...
19 Jun, 2019, 10.47 AM IST
Finance Ministry simplifies GST refund claim process for businessesGSTR-2A is a purchase return auto-generated by the system based on the transaction between a business and its supplier.
05 Sep, 2018, 04.13 PM IST
States to reach out to traders, industry to list out GST grievancesThe GST Council secretariat have been tasked to compile the suggestions and responses and send to the CBIC, which is the apex body for Indi...
26 Jul, 2018, 12.48 PM IST
International passengers need not pay GST at airport 'duty-free' shopsThis means, like exporters, duty-free shops can claim refund from the government for the GST it has paid in procuring goods from manufactur...
03 Jun, 2018, 01.59 PM IST
Expired, damaged drugs returned are not “supplies”; to save Rs 500 crore hitIndian Pharmaceutical Alliance had noted that the industry annually receives around Rs 3300 to Rs 5500 crore in expired or damaged stock an...
27 Dec, 2017, 02.46 PM IST
Travel by civic buses in Mumbai likely to get costlierThe transport wing of the Brihanmumbai Municipal Corporation (BMC) has proposed a fare hike ranging from Re 1 to Rs 12 on longer routes.
16 Nov, 2017, 01.26 AM IST
Directorate set up under CBEC for data analytics and nabbing evadersIt will do detailed data mining and analysis to generate outputs for focused and targeted action by field formations and investigation wing...
14 Jul, 2017, 01.03 AM IST
Will ensure that GST rates on bio diesel are reduced, says Dharmendra PradhanUnder the GST rates announced recently, bio diesel, ethanol and other mixing products would be charged 18 per cent. For the last 10 years, ...
08 Jul, 2017, 01.09 AM IST