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In October 2023, India recorded gross GST collections of Rs 1.72 lakh crore, marking a 13.4% rise from the previous year. Over the six years since its inception, the New GST system has notably enhanced tax buoyancy, streamlined logistics, improved tax administration, and fostered increased formalization, among other benefits. Consistent growth in tax collections is […]
India is reportedly considering a substantial increase in the threshold for arrests and criminal prosecutions regarding Goods and Services Tax (GST) evasion, aiming to raise it from ₹2 crore to ₹3 crore, according to sources. This proposed change is part of an initiative to stop the specific aspects of GST evasion, encouraging businesses to stop […]
Since GST is a new taxation system in India, and it has been in existence for the last seven years. Therefore, there are so many revenue leakage activities happening and the authorities are still on their way to improving their measures. GST Input Tax Credit (ITC) fraud has also emerged as a significant concern in […]
This post discusses some of the basic effective strategies which are helpful for GST officials. They can be used to prevent input tax credit fraud. This technique provides a complete process for handling and determining possible fraudulent actions related to claiming ITC, which can assure tax compliance and save the integrity of the GST system. […]
According to reports, GST Intelligence teams have conducted searches at the offices of foreign carriers in India due to alleged tax evasion related to the import of services from their head offices by their Indian branch offices. The Directorate General of GST Intelligence (DGGI) officials reportedly carried out the search operations at many airline offices […]
According to a statement from the finance ministry, the Directorate General of GST Intelligence (DGGI) has discovered a case of GST evasion amounting to ₹57,000 crore between April 2020 and September 2023. This evasion involved more than 6,000 instances of fraudulent input tax credit (ITC) claims, leading to the arrest of 500 individuals. Starting from […]
In this post, we have discussed the recent GST changes effective from the 1st of October 2023. Sections 137 to 162 of the Finance Act, 2023 (the FA,2023) (except Sections 149 to 154) wef October 01, 2023 vide Notification no. 28/2023-Central Tax dated July 31, 2023. From August 01, 2023 Sections 149 to 154 of […]
The Superintendent of Central Tax must make an unbiased decision independently, unaffected by the guidance from the DGGI, Kochi Zonal Unit, the Kerala High Court has ruled. Justice Dinesh Kumar Singh’s bench has noted that the DGGI, Kochi Zonal Unit had already made the decision to cancel the GST registration of the petitioner. The competent […]
A senior government official has revealed that pilot initiatives aimed at testing biometric and geotagging authentication for GST registration have been postponed due to disagreements concerning access to the Aadhaar identity database. Nevertheless, the finance ministry remains optimistic about implementing both biometric and geotagging authentication methods in Fiscal Year 2025. These measures are designed to […]
