ICICI Bank shares in focus after receiving Rs 216 crore GST noticeICICI Bank share price: ICICI Bank disclosed receiving a Rs 216.27 crore GST Show Cause Notice from the Mumbai East Commissionerate. The no...
ICICI Bank gets Rs 216 crore GST demand noticeICICI Bank has received a GST demand notice of Rs 216.27 crore from tax authorities for alleged short payment on services provided to custo...
HDFC Bank, ICICI Bank ordered to attach Awfis Space Solutions bank accountsThe order comes in the wake of an excess input tax credit claim by the company. Awfis Space Solutions says it initially reversed the ITC in...
CBI nabs CGST official seeking Rs 60 lakh bribe after dramatic chaseThe CBI arrested a CGST superintendent, Sachin Gokulka, for detaining a businessman and extorting a Rs 60 lakh bribe. The arrest followed a...
Six officers of CGST Mumbai booked in bribery case, superintendent among three arrestedThe Central Bureau of Investigation (CBI) has arrested three individuals, including a CGST superintendent, in Mumbai for accepting a bribe ...
Maharashtra: Senior official of Chinese smartphone maker held for ITC fraud of Rs 19 croreManager of Finance and Accounts division of Oppo Mobiles India Private Limited, Mahendra Kumar Rawat, was arrested in Bhiwandi town and lat...
GST collection may top Rs 1.5 lakh crore from October: Revenue secretary Tarun BajajAddressing a CBIC (Central Board of Indirect Taxes & Customs) function here this evening, Revenue secretary Tarun Bajaj said, "For the last...
Eleven Indian crypto exchanges evaded Rs 81.5 cr GST, government saysChaudhary said while the government does not collect any data on cryptocurrency exchanges, a few “cases of evasion of Goods and Services Ta...
CGST finds Input Tax Credit fraud of Rs 81 cr; Navi Mumbai firm director heldA CGST release said searches were conducted at various locations acting upon intelligence garnered by deploying data analytics tools, which...
ITC fraud: Proprietor of a metal scrap firm arrestedAccording to the GST, the Raigad Commissionerate has detected tax evasion of Rs. 675 Crore and recovered Rs. 403 Crore and arrested 8 perso...
Sebi-taxman fight over service tax dues reaches Supreme CourtThe Securities and Exchange Board of India (Sebi) has moved the Supreme Court against a service tax demand raised by the Central Goods and ...
GST authorities arrest 215 persons in fake invoice cases, recover over Rs 700 crore in 2 monthsThose arrested by the Directorate General of GST Intelligence (DGGI) and the CGST Commissionerates include six Chartered Accountants and on...
Hotels, realtors move Delhi HC over Input Tax Credit issueA writ petition was filed in the Delhi High Court on Monday, challenging a change in the GST framework this year, whereby input tax credits...
Tax sleuths uncover Rs 650 crore fake invoice scam in MaharashtraAnand Mangal was arrested and sent to judicial custody until March 8 by a local court in Panvel.
Companies stare at cash flow problems due to new credit utilisation rulesThe government late last year had come out with credit utilisation mechanism that companies have to follow beginning this month.
CGST Mumbai zone mops up Rs 72,509-crore revenue till FebruaryThe Mumbai zone consists of 11 tax payers commissionerates. The total revenue collection from the zone from July last year to February stoo...
- How a particular transaction of goods and services would be taxed simultaneously under Central GST (CGST) and State GST (SGST)?
While the location of the supplier and the recipient within the country is immaterial for the purpose of CGST, SGST would be chargeable onl...