Category: GST

In the serene ambiance of New Delhi, Finance Minister Nirmala Sitharaman expounded on the profound impact of the Goods and Services Tax (GST) on the North Eastern states during her address at the distinguished ‘Conclave 2023.’ The states of the Northeast have experienced a substantial surge in their revenue collections since the inception of this … Continue reading Northeast Region—Top GST Beneficiary — Nirmala Sitharaman

A significant incident of Goods and Services Tax (GST) fraud has been uncovered in the Palghar district of Maharashtra, resulting in the arrest of an individual responsible for embezzling a substantial sum of Rs 18.66 crore from the government’s coffers. Dhiren Chandrakant Shah, the proprietor of a private enterprise known as Archana Impex, stands accused … Continue reading Palghar, Maharashtra — Private Firm Proprietor Arrested in ₹18.66 Crore GST Fraud

An individual, as yet unidentified, has been formally charged with the fraudulent acquisition of a GST registration number, leading to a substantial financial loss of Rs 12.36 crore for the UT Excise and Taxation Department. Deepak Bhatt, an excise and taxation officer, initiated the complaint, revealing that a business entity by the name of M/s … Continue reading GST Registration Fraud Results in Rs 12-Crore Loss for Department

In a significant development that provides clarity to businesses engaging in promotional schemes for expansion, the Karnataka Authority for Advance Ruling (AAR) has issued a ruling regarding the eligibility of input tax credit (ITC) for performance-based promotional schemes. The ruling distinguishes goods provided free of charge to distributors or retailers upon meeting specific sales purchase … Continue reading Karnataka AAR Clarifies — GST Promotional Schemes Aren’t Gifts, Tax Credit Eligible

GST revenue reached Rs 1.59 lakh crore in August, marking an 11% increase compared to the same period last year. This growth can be attributed to enhanced compliance and a decrease in tax evasion, as stated by Revenue Secretary Sanjay Malhotra. In August 2022, the GST collection amounted to Rs 1,43,612 crore. Breaking down the … Continue reading Year-on-Year Growth — GST Collection Reaches Rs 1.59 Lakh Crore, Up by 11%

The Commercial Taxes Department, Government of Karnataka, has taken a decisive stand against a network of counterfeit GST bill operators in the southern zone of Bengaluru. This illicit syndicate facilitated companies within the service sector, particularly those dealing with manpower and labor supplies, to illicitly claim fake Input Tax Credit (ITC) and artificially boost their … Continue reading Two Arrested as Commercial Tax Department Uncovers GST Bill Scam

The GSTN released an Advisory on August 28, 2023, concerning applicants who have chosen Biometric-based Aadhaar Authentication for their GST Registration application. A change has been introduced to Rule 8 of CGST Rules. This change specifies that applicants who have indicated their preference for Aadhaar number authentication and have been identified through data analysis and … Continue reading Simplified Approach to Biometric Aadhaar Authentication for GST Registration

On August 25, the Supreme Court took a significant step by issuing notice in two closely related writ petitions that were presented under Article 32 of the Indian Constitution. These petitions challenge the legality of certain aspects within the Central Goods and Services Tax Act of 2017 (CGST Act), most notably Section 69 (the power … Continue reading Notice Issued by Supreme Court on Pleas Challenging Arrest and Summoning Powers of GST Officials