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The Court held that the law and the establishment of National Anti-Profiteering Authority does not violate the provisions of Constitution including Article 19(1)(g).
Finance Minister Nirmala Sitharaman informed the Rajya Sabha that during a two-month special drive against fake GST registrations, GST officers detected 21,791 entities with fake registrations, leading to the discovery of over Rs 24,010 crore of suspected tax evasion.
The Directorate General of GST Intelligence has also seized laptops and questioned officials including India CEO Asit Rath and Chief Financial Officer Sonali Athalye, , aviva life insurance, life insurance, GST rules
E-invoicing was initially implemented for large companies with turnover of more than Rs 500 crore, and within 3 years the threshold has now been lowered to Rs 5 crore.
The finance ministry has released an official notice indicating that, going forward, goods and services tax (GST) will be applied to corporate guarantees offered by companies to their subsidiaries. Earlier this month, the GST council provided clarification on the taxation of corporate guarantees, specifying that they would be subject to an 18 percent GST.