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Search results for: itc claim

Provisional Order Cant be Challenged by Writ Petition

HP HC: Provisional Order Can’t be Disputed by Writ Petition in GST

The Himachal Pradesh High Court ruled that the Provisional Attachment Order will not be challenged via Writ Petition. Below Section 74 of Himachal Pradesh Goods and Services Tax Act, 2017 and the Central Goods and Services Tax Act, 2017 Get the brief introduction of SGST, IGST and CGST. We have mentioned their full forms, meanings […]

GST Officials Action Against Fraud Companies

GST: Govt Eliminated 7K Fraud Companies Using Data Analytics Tools

Seeking protective data analytics through the firms, the government has initiated a restriction to the GST evasions where 7000 entities were actioned upon and arrested 187, it is a campaign to float the tax collection said Ajay Bhushan Pandey Finance Secretary. In December 2020 the net GST collection was Rs 1.15 lakh cr which was […]

Pay 1 Percent GST Under Rule 86B

Biz T.O. INR 50 Lakh a Month to Pay 1% GST Under Rule 86B

The central government has inserted a rule to prevent fraud from claiming an input tax credit under the GST. Now, businesses having a monthly turnover above ₹ 50 lakh will require to pay at least 1% of their GST in cash. Latest Changes for New Rule Under 86B of CGST Act Recently there was a […]

Law Committee 4 Reforms to Control GST Fake Invoices

Govt Advanced Key Reforms to Stop GST Input Tax Credit Fraud

GST enrollment will be done for the individual only on the grounds of the verification. So to reduce the bogus GST invoices the government has notified the recommendations of the law committee of the GST department. There are four objectives that the law committee has been notified such as stiffening of the confirmation process for […]

Fake GST Invoices

Fraudsters’ Mind vs Govt Intelligence for Fake GST Invoices

All over the country, the Directorate General of Goods and Services Tax Intelligence (DGGSTI) in the previous month has arrested 100 persons and recorded 3479 entities inside 1161 cases in the concern of illegally claiming the input tax credit(ITC) through the bogus GST invoices and causes the government tragedy. Despite lower revenue collection. Latest Update […]

Bombay High Court

Writ Petition Filed in Bombay HC Regarding GST Act Arrest Provisions

In the Bombay High Court a writ appeal has implied asking the arrest procurements beneath the goods and services tax (GST) laws. GST Input tax credit (ITC) A complete guide for understanding the basics of input tax credit and it calculation with detailed examples under GST (Goods and Services Tax) India. Read more , has […]

Benefits of GST E-invoicing for Government

GST e-invoicing May Reduce the Govt Compliance Load, Check Facts

For digital conversion, e-invoicing is an opportunity, it is one of the opinions of the government’s ‘Digital India’ operations. The fresh system of an invoice carries diverse benefits and is approved via government, for both the government and assessee and assists to enhance the simplicity of doing business. As the launch of the platforms for […]

Important Things to Know While ITR Filing

Must-Know Things Before & After Filing ITR for FY 2021-22

The last date of furnishing income-tax return up to 31st July 2022 is not that far away, but there is no point in filling it in the previous few minutes. You can start the return filing process right away to avoid all the last-minute complications such as technical glitches on the portal or missing data, […]

Full Details of GST QRMP Scheme

Info GST QRMP (Qtly Return Filing & Monthly Payment) Scheme

The Central Board of Indirect Taxes and Customs (CBIC) had published the Quarterly Return Monthly Payment Scheme. CBIC states that the enrolled individual to whom the return in form GSTR-3B is to be filed while providing the eligibility for QRMP, and those whose average turnover is Rs 5 cr in the previous fiscal year are […]

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