B2B invoices will have to be generated on centralised government portal by September to check GST evasion
• 6 years agoThe 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
• 6 years agoWith 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
• 6 years agoBusinesses 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
• 6 years agoThe 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
• 6 years agoThe 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
• 6 years agoCentral 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
• 6 years agoCentral 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
Msmani • 7 years agoSeveral 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
Fp Staff • 7 years agoAccording to GST rules, e-way bills are applicable only for motorised vehicles and hence traders are moving produce via horse-carts.