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Tuesday, February 18, 2020

Goods and Service Tax (GST)


Mumbai: Year-old audit report had found floors gutted in fire ‘structurally hazardous’

February 18, 2020 1:51 am

The report, submitted by engineers from the Veer Jijabai Technological Institute (VJTI), last year had advised the immediate removal of the building’s top two floors - the ninth and the tenth floors - that were added about a decade-and-a-half ago.

Mumbai: Massive fire breaks out in GST Bhavan, everyone evacuated, no one injured

February 18, 2020 1:51 am

According to the Mumbai Fire Brigade, around 12.30 pm the fire started on the ninth floor of GST Bhavan and spread to the eighth and tenth floors. As there was a lot of woodwork and papers strewn around, the ninth floor was completely gutted.

Fine-tuning GST: Steps are being taken to improve the compliance eco-system

February 15, 2020 11:17 am

In order to identify dealers posing a “hazard” to revenue and do a 360-degree profile of risky taxpayers, a system of regular data exchange with banks, CBDT, ED, RoC and other agencies is being put in place; fraudsters will find it almost impossible to game the system.

CBI to court: GST officials taking cut from transporters

February 11, 2020 5:15 am

The information was revealed before Special CBI judge Santosh Snehi Mann, while the CBI was seeking further seven days’ custody of a Delhi government officer and officer on special duty (OSD) to Deputy Chief Minister Manish Sisodia, in a bribery case.

Gujarat: Two GST officers, peon booked for ‘taking bribe’

February 08, 2020 1:32 am

Based on a complaint filed by a dealer of a known snacks brand in Gujarat, ACB registered a case against Rajeevkumar Yadav, Gaurav Arora and Ravi Joshi. ACB said that Yadav and Arora are GST inspectors.

Slash GST rates on farm produce: Congress

January 30, 2020 2:14 am

The Congress also asked the government to spell out measures to ensure that farmers’ income doubles by 2022 and increase the allocation for MGNREGA.

Govt staggers GST return filing deadline to ease load

January 23, 2020 5:02 am

For about 8 lakh taxpayers with turnover over Rs 5 crore, the last date of filing would remain the same.

GST fraud: 1,200 untraceable exporters made refund claims worth Rs 350 crore

January 16, 2020 12:28 am

Sources said nefarious elements among the customs broker community may be connected with these frauds, involving fictitious entities, existing only in virtual space through identity thefts with fake and morphed documents.

GST may not have been revenue-neutral

January 15, 2020 10:00 am

Growth of GST collections has slowed since Q4FY19, in line with the fall in corporate tax collections, indicating the impact of sluggish economic growth.

Govt finds 931 GST fraud cases via data analytics

January 14, 2020 4:22 am

In the current year itself, refunds of over Rs 28,000 crore have been filed by over 27,000 taxpayers on account of an inverted duty structure, a senior tax official said.