Casino operator Delta Corp has received tax notices totalling Rs 16,822 crore from the Directorate General of GST Intelligence on Friday. This demand is for the period between July 2017 and March 2022. The first notice, for Rs 11,140 crore has been raised directly against Delta Corp. The other notice, for Rs 5,682 crore has […]
Karnataka commercial taxes dept launches drive against coaching institutes evading GST
The Commercial Taxes Department, Karnataka, busted a prominent group operating multiple coaching institutes in Vijayapura for alleged evasion of Goods and Services Tax (GST). Enforcement officials conducted simultaneous searches at the business and residential premises at the coaching institutes of the group and other commercial coaching facilities in the Vijayapura district. “The officers seized incriminating records […]
Ice cream topping crackle likely to attract 18 per cent GST on AAR ruling
The crackle sold to companies for use as toppings on ice creams may now be subject to a higher goods and services tax (GST) rate of 18 per cent, and not 12 per cent. The Authority for Advance Rulings (AAR) has held that crackle sold to ice cream companies should not be categorised as sugar […]
GST testing of biometric, geotagging authentication bogged down by data access issues: Official
Pilot projects to test biometric and geotagging authentication during the GST registration process have been delayed due to disagreements over access to the Aadhaar identity database, a senior government official said. However, the finance ministry is confident of rolling out both authentication measures – biometric and geotagging – in FY25, the official said. The measures […]
‘School bus fees exempt from GST’
The Authority for Advance Rulings (Tamil Nadu) has held that transport services for students and staff of certain schools will not be subject to GST. Thus, fees collected by the service provided directly from the parties will also not be subject to any GST. In this case, Muniyasamy Abhinaya (who was not registered under GST) sought […]
Cement prices set to go up with hike in taxes
With a hike in the certain goods carried by road (CGCR) tax and the electricity duty on cement, its price is all set to increase by Rs 5 to 10 per bag in the coming days. Though major cement companies, including Adani and UltraTech, had not effected any hike in the cement price after the […]
Contract for next GST tech support provider may have flexible task-based cost structure
The government is gearing up to invite bids to operate the goods and services tax tech platform based on a flexible task structure, unlike the present contract with Infosys, which has fixed costs, two senior officials said. The Goods and Servies Tax Network is also considering whether to allow global companies to bid for the […]
After evading customs duty, importers resort to pure alcohol to make profits
Several firms across the state, including some from south Mumbai, are under the scanner of the Customs Department after a huge consignment of pure ethyl alcohol, which was misdeclared for laboratory use, was caught at Nhava Sheva Port in Uran a couple of weeks ago. “Not only are they evading huge amounts of customs duties […]
Noida GST scam
The Centre is planning multi-agency action involving the Enforcement Directorate, Finance Ministry, intelligence agencies and state police forces to investigate a mammoth GST fraud unearthed by the Noida Police, News18 has learnt. Sources told News18 that a central intelligence agency has prepared an initial report based on the preliminary investigation and recommended that multiple agencies […]
GST Registration: Step-By-Step Guide on how to Complete the Process Online
The Goods and Services Tax (GST) registration process is online and must be completed on the government website at gst.gov.in. Every dealer whose annual turnover exceeds Rs. 20 lakh (Rs.40 lakh) or Rs. 10 lakh, depending on state and type of goods_ is required to register for GST. It should be noted that people registering […]