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On Wednesday, Sanjay Kumar Agarwal, a member of the CBIC, stated that additional efforts are required to get a solution for fake GST input tax credit (ITC) generators from the system in order to stop tax evasion and boost GST collection. He said that the government has taken a number of measures to deal with […]
Throughout this post, we have explained all of the government GST Reward Schemes for fraud informants. Informers and government employees can get rewards for disclosing and reclaiming assets and properties connected to unpaid taxes, duties, fines, and penalties in order to comply with the provisions of the Central Goods and Services Tax Act, Customs Act, […]
The main reasons for the rise in GST-related offences in the nation today are tax evasion, fake invoices for goods that haven’t been delivered, cyber frauds using Goods and Services Tax (GST) identification numbers, creation of shell companies, fabrication of business transactions, failure to deposit required taxes with authorities, and illegitimately claiming input tax credit […]
The scrap steel sector, which obtains its raw materials mostly from unorganized scrap dealers, has requested that the GST structure be rationalized through the use of a “reverse charge mechanism,” in which manufacturers would be responsible for paying taxes. The GST Council was encouraged on Thursday by the All India Induction Furnaces Association (AIIFA), a […]
National Forensic Sciences University (NFSU) and the Directorate General of GST Intelligence (DGGI) have signed the Memorandum of Understanding (MoU) for the establishment of digital forensic laboratories and food sharing details, the advancement of the technology and the skill development for the digital forensic field. The MoU was signed by the Pr. Director General of […]
The public is said to take precautions while sharing the Aadhaar and PAN information without any valid reason or towards the financial gains specifying that the details can be misused by the bogus people for GST theft, said CBIC. Central Board of Indirect Taxes and Customs (CBIC) mentioned that the Aadhaar and PAN information would […]
The Comptroller and Auditor General of India (CAG) has reported technical glitches in the entire mechanism of Goods and Services Tax (GST) even after 3 years of its implementation and further advised computerisation of legal processes and legal procedures in addition to fixing the roll-out plan of a simplified GST regime. Starting from the legal […]
As per the direction of GST authorities now field units have to identify prime taxpayers, find the defaulters and promote them to give more tax. They have been directed to connect the top 200 defaulters (return) for the month of February concerned to central jurisdiction and ask them to file tax returns. The directive was […]
The government has caught the persons who are engaged in the GST frauds which consist of professionals such as chartered accountants CA and a company secretary this figure consolidated with 215 arrests. In the last 2 days, 17 arrests are built in the last 2 days as the information provided through the finance ministry mentioned […]
