Karnataka GST Department issued Circular No. GST-03/2023-24 on June 13, 2023. The circular outlined a number of measures that the department will be taking to ensure revenue collection, compliance, and effective GST Audit. Official copy of the circular has been mentioned below The major mandate for …
As of July 4, 2023, GST authorities have cancelled over 4,900 fake GST registrations and detected tax evasion of over Rs 15,000 crore during the ongoing two-month drive to weed out fake GSTINs. The drive, which began on May 16, will end on July 15. The …
GST Council is likely to tighten the registration rules in its meeting on July 11, 2023. One of the key changes being proposed is to make physical verification mandatory in “high risk” cases. This means that businesses that are considered to be at a higher risk …
In a move aimed at enhancing tax compliance and revenue generation, the Goods and Services Tax (GST) authorities are closely scrutinizing credit card and e-tail (electronic retail) partnerships. The focus of the examination is to ensure that these collaborations are in compliance with GST regulations and …
The Centre is expected to soon notify rules for setting up GST appellate tribunals. This was announced by a senior CBIC official on Monday, July 3, 2023. The official said that the rules will be notified after approval from the GST Council. The GST appellate tribunals …
According to a recent report, the government is considering making e-invoicing mandatory for GST businessmen with an annual turnover above Rs 1.5 crore from next year. E-invoicing is the process of generating and storing invoices in electronic format. It is a more efficient and secure way …
The Noida Police arrested three Delhi-based men on Friday, June 23, 2023, in connection with a multi-crore GST scam. The total number of arrests in the case has now increased to 15. The three men who were arrested have been identified as Atul Gupta, Sumit Garg, …
CBIC Member Rajiv Talwar received suggestions on GST from traders, tax consultants, and industrialists in Chandigarh on Saturday, June 25, 2023. He was here to know about the problems being faced by its stakeholders while dealing with GST. On this occasion, The Tax Practitioners Association gave …
An imposter posing as a GST inspector was caught in Kanpur on Saturday, June 25, 2023. The man, identified as Mohit Gupta, was found to be carrying fake documents of the Income Tax department. He was arrested by the police on the complaint of a restaurant …
The GST authorities have busted a major GST evasion racket worth ₹30,000 crore across 16 states. The racket was allegedly being operated by a group of people who had stolen the PAN and Aadhaar details of beneficiaries of several government schemes, including PM Kisan. The stolen …
