CBIC rolls out Automated Return Scrutiny Module for GST returns in ACES-GST backend application for Central Tax Officers During the recent review of the performance of the Central Board of Indirect Taxes & Customs (CBIC), Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman had …
In a move that is expected to help businesses as well as reduce litigation, a Model All India GST Audit Manual 2023 has been finalised for use by the Centre and state tax officials. The manual lays out standard principles for the selection of audit cases, …
The much-awaited clarity on online gaming tax rates is expected at the next meeting of the GST Council, which is likely next month. The council is also set to decide on revising the rates for millets and cement at the meeting. A council meeting in June …
The Anti-corruption wing of the Central Bureau of Investigation (CBI) on Friday booked Dhirendra Kumar, the Superintendent of Anti-Eviction Wing of Central GST, and two others for absconding with bribe money worth Rs 25 lakh. Dhirendra Kumar was based in Mumbai and took the bribe from …
Gross GST collection in April 2023 is all time high, Rs 19,495 crore more than the next highest collection of Rs. 1,67,540 crore, in April 2022 GST revenues for April 2023 are 12% higher than the GST revenues Y-o-Y Highest tax collected on a single day …
The GST portal (“System”) generates various documents, such as notices/ orders, etc which are communicated to the taxpayer. Most such documents have a system-generated unique identifier DIN (Document Identification Number)/ RFN (Reference Number). These documents, by virtue of being generated by the System, are already traceable …
The Ministry of Finance is considering making distinct categories in online gaming. The Ministry is contemplating classifying online games based on the role of skill and chance in winning. In online games where scoring wins is akin to betting or gambling, the Goods and Services Tax …
GST officers have started sending notices to over a dozen insurance companies for availing input tax credit on the basis of bogus invoices in the last six years, sources said. These insurers have availed input tax credit (ITC) on the basis of invoices issued by intermediaries for …
Expanding investigation into allegedly wrongful claims of input tax credit by insurance companies, the tax authorities are probing a section of auto-mobile dealers who have supposedly generated fake invoices without providing any service, which is a punishable offence under goods and services tax (GST) law. The …
