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GST input tax credit scam worth Rs 450 crore busted; fake bills provider still at large
News & FAQs | By ALOK PATNIA | Last updated on May 24, 2018
The Directorate General of Goods and Services Tax Intelligence (DGGSTI) has reportedly busted a scam that involves businesses issuing fak...
Cancellation of contracts may come with 18% GST rider
News & FAQs | By ALOK PATNIA | Last updated on May 22, 2018
Payments for nonperformance of a contract would be subject to GST of close to 18 percent. According to a report in The Economic Times, Au...
GST, service tax fraud may cross ₹300 crore
News & FAQs | By ALOK PATNIA | Last updated on May 22, 2018
The Directorate General of Goods and Services Tax Intelligence (DGGSTI) is estimating the latest alleged service tax and goods and servi...
GST Council asks Centre, states to expedite setting up appellate authorities
News & FAQs | By ALOK PATNIA | Last updated on May 21, 2018
The GST Council has asked the Centre and states to expedite setting up of appellate authorities for aggrieved entities to appeal against ...
Airlines can earn Rs 5,220 crore input tax credit
News & FAQs | By ALOK PATNIA | Last updated on May 21, 2018
Airlines can annually earn combined input tax credits of Rs 5,220 crore – more than five times of what they are getting now – if jet fuel...
What does the start-up ecosystem think of the Flipkart – Walmart deal?
Ecosystem Speaks | By Editor | Last updated on May 21, 2018
This month saw the wake of the largest e-commerce deal – the Flipkart Walmart Deal. The majority of the startup ecosystem hailed this mov...
Govt extends deadline for filing April GSTR-3B by 2 days till May 22
News & FAQs | By ALOK PATNIA | Last updated on May 19, 2018
The government has extended the due date for filing GST summary sales returns for April by two days till May 22.An official statement sai...
Coaching centres for entrance exams liable to 18% GST
News & FAQs | By ALOK PATNIA | Last updated on May 19, 2018
Coaching centres providing tuition to prepare students for entrance examination are liable to pay 18 percent GST, according to the Author...
IMD official fined for denying info, charging GST on RTI plea
News & FAQs | By ALOK PATNIA | Last updated on May 17, 2018
The Central Information Commission (CIC) has levied a fine of Rs 1,000 on the Chief Public Information Officer (CPIO) of the India Meteor...
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