Most members of the Group of Ministers (GoM) of the Goods and Services Tax (GST) Council have indicated they are not in favor of providing any tax relief to the real estate sector concerning Joint Development Agreements (JDAs). Despite ongoing deliberations, the GoM is expected to …
In a major breakthrough, Uttar Pradesh police uncovered a large-scale GST fraud syndicate, arresting seven individuals in Muzaffarnagar on Tuesday. The group had been operating 48 shell companies to issue fake GST invoices worth Rs 900 crore, causing a revenue loss of approximately Rs 125 crore …
1. Section 39 (11) of the CGST Act, 2017, implemented w.e.f 01-10-2023 vide Notification No. 28/2023 – Central Tax dated 31th July, 2023, provides that the taxpayers shall not be allowed to file their GST returns after the expiry of a period of three years from …
The Directorate General of Goods and Services Tax Intelligence (DGGI) has issued show-cause notices to more than a dozen food and beverage companies, citing improper GST payment on trademark usage by their franchises and outlets located outside their home states. The notices, sent in early August, …
Tax authorities have uncovered approximately 10,700 fake GST registrations, involving tax evasion worth ₹10,179 crore, during an ongoing all-India drive against fraudulent companies, a senior official from the Central Board of Indirect Taxes and Customs (CBIC) announced. Shashank Priya, CBIC member, revealed that Aadhaar authentication for …
In a significant development, the GST adjudicating authority has dismissed a Rs 1,500 crore GST demand imposed on Tata Sons in connection with a settlement payment made to Japan’s NTT Docomo. The case, which dates back to a 2017 arbitration settlement involving Tata Teleservices, was initially …
In the 2023-24 fiscal year, the Directorate General of GST Intelligence (DGGI) detected a staggering Rs 2.01 lakh crore in GST evasion across 6,084 cases, according to the agency’s annual report. This marks a significant jump from Rs 1.01 lakh crore detected in 2022-23, highlighting an …
The Crime Investigation Department (CID) is getting ready to interrogating some of the officials of the commercial taxes department including the former Chief Secretary Somesh Kumar in connection with a GST scam. The case which lies in financial impropriety in the department was first registered by …
On September 14, Zomato announced its intention to appeal a recent GST order from the West Bengal government, which demands a total of Rs 5.6 crore for the period from April 2020 to March 2021. This amount includes GST, interest, and penalties. Initially, Zomato disclosed on …
Key highlights from the 53rd GST Council Meeting: 1. Time limit for ITC availment under Section 16(4) to be retrospectively extended till 30th November for FY 2017-18 till FY 2020-21 2. For demand notices issued under Section 73 for FY 2017-18 till FY 2019-20, waiver of …
