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The GST Council has not sought views from states on hiking tax rates, sources said on Sunday. They said that the panel of ministers looking into GST rate rationalisation is yet to submit its report to the GST Council. Stating…
In a shocker, the Maharashtra GST Department raided and detected cash, silver bars worth Rs 10 crore, plus a business turnover of a staggering Rs 1,764 crore from an office measuring just 35 square feet smaller than a home toilet.…
The Central Bureau of Investigation ( CBI ) has arrested a Superintendent, Central GST-1, Baramati, Pune (Maharashtra) for demanding & accepting bribe of Rs.10,000/- from the Complainant. A case was registered against Superintendent, Central GST-1, Baramati, Pune on a complaint.…
Industry body, Confederation of All India Traders (CAIT), on Saturday urged the government to abolish the mandatory GST registration requirement for listing on ecommerce platforms. CAIT said that the provision was preventing small traders’ from using ecommerce platforms to boost…
With most states on board to raise revenue so that they do not have to depend on Centre for compensation, the GST Council at its meeting next month is likely to consider a proposal to do away with the 5…
The GST and the VAT will be the biggest contributors to the Delhi government’s tax revenue which is estimated at Rs 47,700 crore for 2022-23, according to the budget presented in the Assembly by Deputy Chief Minister Manish Sisodia on…
Government on Monday said Rs. 95.86 crore has been recovered from 11 cryptocurrency exchanges for evasion of Goods and Services Tax (GST). The total amount includes penalty and interest. Zanmai Labs (WAZIRX), Coin DCX, CoinSwitch Kuber, Buy Ucoin, UnoCoin and…
Even as a sticky inflation is bothering the government and the central bank, an impending revenue shock has prompted some state governments to make a pitch for partial roll-back of a series of rate cuts since the roll out of…
Central Board of Indirect Taxes and Customs has said that businesses with turnover of over Rs 20 crore will have to generate electronic invoice for B2B transactions from April 1, 2022. Under Goods and Services Tax (GST) law, e-invoicing for…
The Madras High Court bench of Justice C. Saravanan refused to grant a refund of the amount lying in the assessee’s electronic cash ledger on the grounds that there were serious allegations against the assessee for having an availed fraudulent…