Cgst Bill

GST Council decisions to be incorporated in the Finance Bill: CBIC Chief

CBIC Chairman Sanjay Kumar Agarwal said at the 53rd GST Council meeting rate rationalisation was proposed on some goods and services

CGST Commissionerate busts syndicate involved in Rs 1,000 cr ITC fraud

Meerut CGST Commissionerate on Thursday busted a syndicate that fraudulently claimed Input Tax Credit of over Rs 1,000 crore through a network of 232 fake firms and arrested three persons. The Anti-Evasion branch of Central Goods and Services Tax (CGST) of Meerut Commissionerate started an investigation in October 2023 into a large syndicate that fraudulently claimed ITC by way of fake billing, an official statement said. The investigation conducted so far has revealed that a total number of 232 fake firms, with 91 firms registered on a single mobile number, are registered at various places across the country and have passed inadmissible ITC of around Rs 1,048 crore, it said. The total value of goods shown to be supplied through these firms is around Rs 5,842 crore, it said. Through the use of various analytical tools such as E-way Comprehensive Portal, Advait and Business Intelligence and Fraud Analytics (BIFA), the CGST Commissionerate carried out a deeper investigation, it ...

VIL to seek reversal of Rs 10.7 cr penalty order received under CGST Act

Vodafone Idea on Thursday said that it has received an order under the Central Goods and Services Tax Act, 2017, entailing a penalty of Rs 10.76 crore. The troubled telco further said it will seek rectification and reversal of the order, as it does not agree with it. In a BSE filing, VIL said the contravention related to the "alleged wrong transition of CENVAT credit into GST regime". Citing details it said the order was received by the company under the Central Goods and Services Tax Act, 2017, entailing a levy of a penalty of Rs 10,76,56,733. The order was received on January 3, 2024. "The company does not agree with the order and will take appropriate action(s) for rectification/ reversal of the same," Vodafone Idea said in the filing.

AAP MP lauds Centre's decision to waive off GST from religious places

Punjab Rajya Sabha MP Vikramjit Singh Sahney on Friday thanked Union Finance Minister Nirmala Sitharaman after waiving off Goods and Services Tax (GST) from religious places including Sarais in or around Gurdwaras.Earlier today, the central government cleared the air regarding doubts about GST on Sarais (accommodations) run by religious or charitable trusts, saying it is not true."I am happy to inform all the Punjabis and Sikh devotees that this morning honourable finance minister and GST council CBIC allowed GST Exemption to precincts of a religious place including Sarai even if it is located outside the boundary wall of a complex of a religious place, in the surrounding area, and managed by the same trust & management," Vikramjit told ANI."I thanked Nirmala Sitharaman for accepting our demands and waiving off GST from Sarai's," Sahney told ANI.Punjab MP Vikramjit Singh Sahni said that this is a big relief for the devotees after the waiving off GST charges from religious places

Govt extends validity of e-way CGST bills till June-end amid Covid outbreak

CBIC had in April extended the validity of e-way bills generated on or before March 24 and having expiry between March 20 and April 15 till April 30