Share List TLI Staff New Delhi: Adding to the headache of the Modi government which has been facing farmers’ ire over three controversial agri laws, transports body All India Transporters Welfare Association (AITWA) has decided to keep 40 lakh trucks off the road on February 26 to protest against sharpContinue Reading
Share List TLI Staff New Delhi: In a massive crackdown on GST fraudsters, the tax authorities have booked 8,500 dubious entities over the past few months. The tax authorities have recovered more than Rs 858 crore from the tax evaders. One of the reasons for rising monthly GST collection isContinue Reading
Share List TLI Staff New Delhi: Days before presentation of Union Budget 2021, the restaurant industry has pitched for concessional loans and lower GST claiming that 30% of the eateries had closed down while nearly 3 million people had lost their jobs. The industry body National Restaurant Association of IndiaContinue Reading
Share List TLI Staff New Delhi: With over half a dozen chartered accountants (CAs) found to be part of GST fraud racket, the government has asked regulator Institute of Chartered Accountants of India (ICAI) to take action against the professionals indulging in accounting jugglery. “Eight CAs are among 258 personsContinue Reading
Share List TLI Staff New Delhi: The GST Council chaired by Finance Minister Nirmala Sitharaman could decide the process of registration, filing of returns and statement for outward supplies among others by companies facing bankruptcy proceedings. In its 39the meeting on Saturday, the Council is likely to approve a draftContinue Reading
Share List TLI Staff New Delhi: Seeking to contain the menace of fake invoicing and fraudulent passing of input tax credit (ITC), the all-powerful GST Council would today consider a proposal requiring physical verification and KYC of persons taking registration under the new indirect tax regime. Accordingly, the rules underContinue Reading
Share List TLI Staff New Delhi: The next time you buy a product from a store in your neighbourhood or a shopping mall, insist for invoice or pakka bill as this may instantly make you crorepati. The all-powerful GST Council would on Saturday consider a proposal to launch online lotteryContinue Reading
Share List TLI Staff New Delhi: The Central and the State GST authorities cannot go after taxpayers and launch parallel enquiries in the same case. While Central Board of Indirect Taxes and Customs (CBIC) had clarified the same in a circular last year, the latest Gujarat High Court order onContinue Reading
Share List By TLI Staff In a massive search operation carried out across the country, the Directorate General of GST Intelligence (DGGI) and the Directorate General of Revenue (DRI) have busted bogus GST refund racket by exporters. Termed as first of its kind in the history of Central Board ofContinue Reading