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The Calcutta High Court ruled that tax officers do not have the power under the Goods and Services Tax (GST) Act to seal or take away cash. As a result, the court ordered that Rs. 24 lakhs should be released immediately. Tax authorities are granted authority under Section 67 of the Central Goods and Services […]
The Gujarat HC order states that GST officers administering summons or detention memos do not require cross-checking by the assessee. Justices Bhargav D. Karia and Pranav Trivedi stated that the taxpayer wished to cross-examine individuals from the department who had either issued the summons or the arrest memo. These persons do not need to be […]
Central GST officers have detected tax evasion of ₹1.95 trillion in 25,397 cases during the April-January period of the current fiscal year, Parliament was informed. Under the shared data in the Lok Sabha, the detected total number of GST evasion cases by the central government officers in the last 5 years was 86,711 and the […]
Minister of State for Finance Pankaj Chaudhary informed the Lok Sabha that Central GST officers detected tax evasion of over ₹1.88 lakh crore between April and December 2024. The evasion was comprised of matters of the bogus Input tax credit that was discovered across 72,393 cases in the period. The authorities incurred 132 arrests and […]
Various foreign airlines, along with Lufthansa, Emirates and British Airways, have refused to furnish the information asked via the Indian Goods and Services Tax (GST) authorities related to ongoing investigations, as per the sources. The director general (DGGI) of GST had asked for information related to a probe into the valuation of services given via […]
Common norms are drawn by the Central Board of Indirect Taxes and Customs (CBIC) towards central and state level Goods and Services Tax (GST) officials to audit banks, CBIC chairperson Sanjay Kumar Agarwal stated field officers. The same action provides better assurance about audit procedures to banks since officials would have a common audit plan […]
To develop an internal method desired to eliminate duplicate Goods and Services Tax ( GST ) notices sent to companies and individuals already under investigation by state goods and services tax authorities is been directed by the Central Board of Indirect Taxes ( CBIC ) to its field officers. Some instances show that the taxpayers […]
The CBIC official mentioned that approximately 33,000 GST notices have been dispatched by central tax officers to businesses due to inconsistencies in filed returns and underpayment of taxes during the financial years 2017-18 and 2018-19. Additionally, the official mentioned that the National Coordination Committee, led by the Revenue Secretary, is expected to convene by the […]
Union Finance Minister of State, Pankaj Chaudhary shared data in the Parliament during the monsoon session where at least 58 cases of Goods and Services Tax (GST) invoices have been found to be registered fraudulently in Chandigarh in the past five years. Replying to a question asked in the Loksabha, Chaudhary said that the authorities […]
