Telcos get notices on inflated input credit claims under GST 

News & FAQs | By ALOK PATNIA | Mar 22, 2018

Telecom operators including Bharti Airtel, Vodafone India, Idea Cellular and Reliance Jio Infocomm have been served notices for exaggerat...

Delhi HC seeks govt’s response on plea challenging timeline for input tax credit

News & FAQs | By ALOK PATNIA | Mar 21, 2018

The Delhi High Court has sought response of the Centre and the Goods and Services Tax (GST) Council on a Bajaj Auto dealer’s plea c...

Only 16% of initial GST returns filed for July-Dec matched with final returns

News & FAQs | By ALOK PATNIA | Mar 21, 2018

 With only 16 per cent of the summary sales returns under GST matching with the final returns, the revenue department has started to anal...

CBEC to verify GST transitional credit claims of 50,000 taxpayers 

GST & Other Indirect Taxes | By ALOK PATNIA | Mar 20, 2018

In order to check “frivolous and fraudulent” tax credit claims by businesses, the CBEC has decided to verify demands of top 5...

CBEC says GST collection to cross Rs 90k cr a month from April

News & FAQs | By ALOK PATNIA | Mar 17, 2018

The collection of Goods and Services Tax (GST) will see buoyancy from April onwards and will cross Rs 90,000 crore per month, a top offic...

CBEC field offices observe GST refund fortnight; to clear Rs 150 crore of pending refunds 

News & FAQs | By ALOK PATNIA | Mar 16, 2018

The CBEC field formations have launched ‘GST refund fortnight’ beginning Thursday to quickly sanction pending refunds to expo...

Plea in high court to bring petrol, diesel under GST

News & FAQs | By ALOK PATNIA | Mar 15, 2018

Seeking to bring petrol and diesel under the GST ambit, a petition has been filed at the Madurai bench of the Madras high court.The petit...

HUL offers govt third tranche of GST benefits

News & FAQs | By ALOK PATNIA | Mar 15, 2018

Hindustan Unilever (HUL) has offered another tranche of GST benefits amounting to Rs 36 crore for the month of January. A significant por...

Black Marketing, Import undervaluation serving as tools to GST evasion

News & FAQs | By ALOK PATNIA | Mar 14, 2018

Less than nine months into the GST regime, revenue authorities have detected rampant tax evasion through black market and under-valuing o...

States issued Rs 28,398 crore as GST compensation till December

News & FAQs | By ALOK PATNIA | Mar 14, 2018

The Centre has released Rs 28,398 crore as GST compensation to states for July-December, with Karnataka getting a major pie.  In a writte...

Leakages in GST are being tracked by Government by using Data Analytics

News & FAQs | By ALOK PATNIA | Mar 14, 2018

The NDA-led Narendra Modi government may have got the country’s One Nation, One Tax policy up and running, but the Goods and Service Tax ...

Nearly Rs 34K cr tax under-reporting likely in GST returns filed between July – December

News & FAQs | By ALOK PATNIA | Mar 13, 2018

Close to Rs 34,000 crore worth of tax liabilities may have been under-reported in GST returns filed between July and December. According ...

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