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The tax officers will go and search for the businesses or companies who have been registered under the GST (Goods and Services Tax) but later disappeared and did not file the returns or paid any taxes.

According to a senior government official, GST evasion worth Rs 12,000 crore has been recorded in 8 months between April and November.

In response to a plea filed by KTC (India), a travel & tour’s operator, against the Special Audit notice of GST, the Delhi High Court has recently issued a notice asking Centre to declare Rule 5A of the Service Tax Rules, 1994 as unconstitutional and inoperative.

Recently, the Gujarat high court rules out that the ITC not claimed earlier, can now be claimed till 31st March 2019. The decision came aboard after the high court accepted a petition.

Petrol and diesel will not be included under GST (Goods and Services Tax) until and unless the income under the GST reign strengthens said the former chief economic adviser Arvind Subramanian.

The reserve bank of India got a new governor namely Shaktikanta Das, who was also a former economic affairs secretary and also the member of finance commision currently.

Recently we have heard a lot about local sweet shops turning into restaurants which will further save them GST of up to 13 percent. The news is however very divergent and confusing as there is no solid base to the tax applicability.

A big relief for the real estate buyers as they now don’t require to pay GST on completely constructed buildings only those have issued the completion certification at the time of sale said Finance Ministry.

Chairman of Pension Fund Regulatory and Development Authority (PFRDA) Hemant Contractor said that many small businesses which are registered under GST (Goods and Services Tax) have attracted the working people which do not have any retirement savings plans to pensions.