GST authorities detect fraud of over Rs 214 cr, made bogus e-way bills to back fake invoices; accused arrested
The alleged case of input tax credit fraud was taking place through fake invoices issued by bogus firms.
B2B invoices will have to be generated on centralised government portal by September to check GST evasion
The revenue secretary is monitoring the progress of implementation of electronic or e-invoice project for which an officers' committee has already been set up
Businesses under GST composition scheme will be barred from generating e-way bill if they fail to file tax returns for two consecutive filing periods, which is six months
Piyush Goyal's FY20 forecast of GST revenue growth is ambitious; any shortfall to affect social sector spending
An analysis shows that tax revenue forecasted in the year budget is presented often tends to be different from the actual revenue generated.
The proposal, being worked out by the revenue department, will also help in preventing goods and services tax (GST) evasion by unscrupulous traders who take advantage of the loopholes in the supply chain
GDP growth likely to have peaked in Q1; moderation expected as weaker rupee remains major headwind: Credit Suisse
According Credit Suisse, the 8.2 percent GDP growth for the April-June quarter of this year, though "encouraging", was largely owing to base effects.
Industry body CII has suggested to the GST Council to come up with clear guidelines on anti-profiteering and raise the threshold for intra-state e-way bill generation to Rs 1 lakh.
15th Finance Commission: Kerala won't accept decisions that undermine state's fiscal domain, says Thomas Isaac
We are not against the finance commission. All we are demanding is that it be allowed to perform its constitutional duty, says Thomas Isaac
GST anniversary: Indirect tax regime has led to improved efficiency, moderated retail inflation, reveals CII survey
The survey also indicates a positive impact of GST on employment as well as on the demand for goods and services.
One year of GST: With compliance at 69%, tax collections have begun to stabilise; time to make process smooth
The challenges to GST have ranged from being infrastructural - complicated compliance, tax slab revisions or last minute timeline alterations to psychological – as India is not a DIY (Do it yourself) economy
One year of GST: Tax regime is anything but good and simple; govt can simplify it to improve ease of doing business
The complicatedness of the system can also be made out from the fact that the GST council has put out 158 notifications till date.
GST evasion: Traders deploy horse-carts to transport produce across states to skirt e-way bill system
According to GST rules, e-way bills are applicable only for motorised vehicles and hence traders are moving produce via horse-carts.
GST mop-up exceeds Rs 1 lakh crore in April; Finance Ministry says buoyancy reflects upswing in economy
Total revenue collected under Goods and Services Tax (GST) in April surpassed Rs 1 lakh crore for the first time, the Ministry of Finance said on Tuesday
FinMin clarifies on e-way bill generation where 3 parties are involved, says only one such bill needed
Queries have been raised as to who would generate the e-Way Bill for the movement of goods which is taking place from B' to C' on behalf of A
Intra-state e-way bill rolled out in 5 states; not much increase seen in bills on portal, says official
The GST council had decided on a staggered roll out of intra-state e-way bill starting with 5 states -- Gujarat, Uttar Pradesh, Andhra Pradesh, Telangana and Kerala
Intra-state e-way bill system to be introduced by Centre in five states from 15 April, to pave way for a nationwide roll-out
The e-way bill system for intra-state movement of goods will be implemented for Uttar Pradesh, Gujarat, Andhra Pradesh, Telangana and Kerala from 15 April
The five states which would form part of the first phase of intra-state e-way bills are Andhra Pradesh, Telangana, Gujarat, Kerala and Uttar Pradesh
Touted as an anti-evasion measure, the e-way bill help boost tax collections by clamping down on trade that currently happens on cash basis.
E-way bill hurls movement of goods back into chaos, signals the return of the Inspector Raj on highways
The e-way bill rules have been modified this time round, following representations from industry based on the aborted and short-lived tryst with e-way bill two months ago
The GST Council, earlier this month, decided on a staggered rollout of the e-way bill starting with inter-state from 1 April and intra-state from 15 April