Gst Evasion

Gst Evasion News

GST evasion: Manpasand Beverages says Chairman and Managing Director Dhirendra Singh willing to step down
Business

GST evasion: Manpasand Beverages says Chairman and Managing Director Dhirendra Singh willing to step down

Troubled fruit juice maker Manpasand Beverages' Chairman and Managing Director Dhirendra Singh on Thursday said he is willing to step down from the day-to-day operations of the company over an alleged GST fraud and arrests of its top executives

GST evasion: Supreme Court agrees to examine power of tax authorities to arrest individual
Business

GST evasion: Supreme Court agrees to examine power of tax authorities to arrest individual

The Supreme Court on Wednesday agreed to examine the powers of tax authorities to arrest an individual for Goods and Services Tax (GST) evasion

Shares of Manpasand Beverages tank for second consecutive day after company officials' arrest over GST evasion
Business

Shares of Manpasand Beverages tank for second consecutive day after company officials' arrest over GST evasion

Shares of Manpasand Beverages Tuesday hit the lower circuit limit for the second day in a row as some of the officials of the company have been taken under judicial custody following search and seizure proceedings carried out at various premises of the company by GST officials

GST Council sets up two sub-groups to examine legal, technical aspects of e-invoice for B2B sales
Business

GST Council sets up two sub-groups to examine legal, technical aspects of e-invoice for B2B sales

While one sub-group will examine the business process, policy and legal aspects for generation of e-invoice, the other will recommend technical aspects for its roll-out

B2B invoices will have to be generated on centralised government portal by September to check GST evasion
Business

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

GST measures to avoid tax evasion: Govt plans to launch e-invoices, look at ways to incentivise businesses
Business

GST measures to avoid tax evasion: Govt plans to launch e-invoices, look at ways to incentivise businesses

With almost two years into GST implementation, the government is now focussing on anti-evasion measures to shore up revenue and increase compliance.

Non-filers of GST returns for two months to be barred from generating e-way bills from 21 June
Business

Non-filers of GST returns for two months to be barred from generating e-way bills from 21 June

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

Ahmedabad-based Kushal Group's CMD Sandeep Agrawal held for Rs 89 cr GST fraud
Business

Ahmedabad-based Kushal Group's CMD Sandeep Agrawal held for Rs 89 cr GST fraud

The chairman and managing director of Kushal Group, an Ahmedabad-based conglomerate, has been arrested for allegedly availing Rs 88.78 crore input tax credit (ITC) using fake invoices, the CGST Commissionerate here said on Tuesday

Govt detects Rs 20,000-cr GST evasion during April-February FY'19; will take more steps to check frauds
Business

Govt detects Rs 20,000-cr GST evasion during April-February FY'19; will take more steps to check frauds

The earlier GST rate on under-construction apartments and affordable housing was 12 percent and eight per cent with ITC, respectively.

Non-filers of GST returns for 6 consecutive months to be barred from generating e-way bills for movement of goods
Business

Non-filers of GST returns for 6 consecutive months to be barred from generating e-way bills for movement of goods

Central tax officers have detected 3,626 cases of GST evasion/violations cases, involving Rs 15,278.18 crore in April-December period.

GST evasion worth Rs 12,000 cr detected in 8 months till November, says official
Business

GST evasion worth Rs 12,000 cr detected in 8 months till November, says official

Central Board of Indirect Taxes and Customs (CBIC) member John Joseph said despite the electronic way or E-way bill mechanism there has been rampant evasion and there is a need to increase compliance.

One year of GST: Government could push a raft of anti-evasion measures if compliance or collections dip
Business

One year of GST: Government could push a raft of anti-evasion measures if compliance or collections dip

Several changes in GST compliance during the initial phase had disturbed businesses and hence there would be a conscious effort to reduce the level of compliances in the coming year

GST evasion: Traders deploy horse-carts to transport produce across states to skirt e-way bill system
Business

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.