GST Evasion 2023 | An official has stated that GST officers are utilizing data analytics to determine whether a specific sector’s entire supply chain is paying the appropriate amount of GST or if there is a discrepancy in the chain. The Directorate General of GST Intelligence (DGGI) has increased its efforts to prevent evasion at … Read more
Fraudsters have been using various methods to commit GST Evasion 2023, such as undervaluing taxable goods and services to pay less tax, wrongly claiming exemptions, wrongly claiming input tax credit, not paying taxes on taxable goods and services that have been secretly removed, and fraudulently claiming input tax credit based on invoices from fake companies. … Read more
Government has issued GST Advisory 2023 for bank account validation in GST system. The functionality for bank account validation is now integrated with the GST System. This feature is introduced to ensure that the bank accounts provided by the Tax Payer is correct. The bank account validation status can be seen under the Dashboard→My Profile→Bank … Read more
Many businesses have been stressed out by the large amount of work that goes into ITC claim under gst act. In recent years, the government has been making changes to the GST law to make it harder for people to get ITCs. The most recent change came through Budget 2023. You’re used to the current … Read more
Government has issued GST Advisory of Time limit for reporting e-invoice on IRP portal on 13-04-2023. It is to inform you that it has been decided by the Government to impose a time limit on reporting old invoices on the e-invoice IRP portals for taxpayers with AATO greater than or equal to 100 crores. To … Read more
Concern over tax fraud amounting to Rs. 2,250 crore: DGGI sends show cause notice to HDFC Bank, Go Digit, and Policybazaar. The investigation against insurance businesses for making false claims for input tax credits has been expanded by the Directorate General of GST Intelligence (DGGI). According to persons acquainted with the situation, it has served … Read more
The largest GST revenue growth in Uttar Pradesh in 2022–23 was in the automobile, infrastructure, and iron and steel industries, with overall growth of 21% despite the lack of compensation from the Centre after June 2022. In the most recent fiscal year, the government collected 1.8 lakh crore in GST and VAT, or 86% of … Read more
The goal of this article is to cover all GST Compensation Cess 2023 notifications. All GST Compensation Cess (Rate) Notifications issued in the year 2023 have been covered in this article. notifications on gst issued in the year 2023 have been covered in this article. In addition gst notification 2023 latest pdf download facility has … Read more
The goal of this article is to cover all GST Compensation Cess 2023 notifications. All GST Compensation Cess Notifications issued in the year 2023 have been covered in this article. notifications on gst issued in the year 2023 have been covered in this article. In addition gst notification 2023 latest pdf download facility has been … Read more
Three GST officers suspended for bogus raid by the state’s goods and services tax division on Tuesday after it was discovered they had taken Rs 11 lakh from a well-known trader in a phoney raid, according to top bureaucrat Rajeev Mittal. For the first time in the state administration’s history, it published an advertising to … Read more