The Uttarakhand GST department exposes a group that used gst fake invoice to legalise the sale of illegal wood and avoid tax worth crores. According to officials, a group of traders who would set up fictitious companies to provide a legal cover for their unlawful trade in timber and related products and escape GST amounting … Read more

The GST Department has summons to insurance intermediaries and aggregators due to fake invoices. The authorities in charge of the Goods and Services Tax (GST) have expanded their investigation into the bogus invoicing case involving insurance intermediaries and aggregators. In the last two weeks, they have issued summonses to several of them in order to … Read more

it is so crucial to impose 5% GST on natural gas to reduce fertilizer subsidies. Bringing natural gas under GST could put an end to the current differential taxation regime, as well as differing urea costs and subsidy payments across states. It will eliminate the tax-on-tax cascading effect. Finance Minister Nirmala Sitharaman has stated that … Read more

At the moment, GST on online gaming 18%. Since the Goods and Services Tax Council hasn’t set a date for its next meeting yet, the online gaming industry will have to wait longer to find out how the indirect tax will be applied to it. Officials from the Ministry of Finance have said that for … Read more

Merchandise exporters will have to pay an 18% GST on Shipping cost (means 18% gst on goods transportation services), which the industry says will cause cash flow problems at a time when exports are declining. This is in response to a GST Council recommendation that the location of the service recipient should be used to … Read more

As soon as the Center approves the final payment of GST compensation to the states, the new tax system will have abandoned its early support. The adjustment may be challenging for some states. Nonetheless, monthly GST receipts across the country have stabilised at around Rs 1.5 lakh crore, with room for growth through rate rationalisation … Read more

Co-working owners demanding for Easier GST Registration to Centre Tax experts and people who run co-working spaces have asked the Centre to make it easier for businesses that work from shared spaces to sign up for GST. The request comes after GST officers asked for a lot of paperwork, like registered leases and permission from … Read more

Till today several GST frauds disclosed. The trend of India’s monthly goods and services tax revenue reaching Rs 1.5 lakh crore and becoming the “new normal” has been applauded by the North Block. The Central Board of Indirect Taxes and Customs’ Vivek Johri professed confidence in breaking beyond this barrier in the upcoming fiscal year, … Read more

FM Says : No AG certificate has been received from Kerala in a year. The lack of authenticated certificates from the Accountant General (AG), according to Union Finance Minister Nirmala Sitharaman, is to blame for the delay in the payment of Goods and Services Tax (GST) compensation to several states The process for the AG’s … Read more

The proposal to raise the rate of GST compensation cess applicable to MUVs, at par with SUVs falling under the same criteria of car length, engine capacity, among others, is likely to be deferred at the upcoming GST Council meeting, scheduled to take place on February 18. This will provide auto manufacturers with a temporary … Read more