Indian government detected a significant amount of evasion in goods and services tax (GST) over the last five years, amounting to Rs 3.33 lakh crore. However, only Rs 1.08 lakh crore, which is less than a third of the total amount, has been recovered so far. …
A customer, Mr. S. Paulraj, sought confirmation of payment of Goods and Services Tax (GST) as part of his food bill under the Right to Information Act, 2005. The Chief Public Information Officer (CPIO) of the Department of Revenue, Ministry of Finance, responded to Mr. Paulraj’s …
Tax authorities in India are taking significant steps to tighten compliance for the Goods and Services Tax (GST) and crack down on tax evasion. They have identified nearly 15,000 entities involved in fraudulent activities related to GST and detected evasion of over Rs 38,000 crore over …
The government has said that 7 individuals have been arrested by Central GST officers during a special drive to detect fake GST registration. The drive was conducted from May 16 to July 15, 2023. As part of the drive, 9,369 bogus entities have been identified and …
Online gaming companies in India are awaiting clarity on the issue of repetitive taxation. The GST Council has announced a 28% GST on the turnover of online gaming companies, casinos, and horse racing companies. However, there is concern that this could lead to repetitive taxation, as …
Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman inaugurated the ‘GST Bhawan’, a project for CGST, CX and Customs Office, Agartala, Guwahati Zone under CBIC, at Agartala, Tripura. The GST Bhawan is an Office complex in the Centre of Agartala City. The project is …
A 42-year-old man has been arrested in Delhi for cheating a jeweller of Rs 6 crore by posing as a GST inspector. The accused, Sushil Kumar, along with his accomplices, intercepted the jeweller’s driver and employee who were transporting 10 kg of gold from Delhi to …
The Indian gaming industry is facing a major crisis after the GST Council decided to levy a 28% GST on online gaming, casinos, and horse racing. This has led to widespread protests from the industry, with companies warning that the move could lead to thousands of …
Recommendations of 50th meeting of GST Council GST Council recommends Casino, Horse Racing and Online gaming to be taxed at the uniform rate of 28% on full face value GST Council recommends notification of GST Appellate Tribunal by the Centre with effect from 01.08.2023 GST Council …
