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GST registrations: 21,791 fake GST registrations, suspected tax evasion of Rs 24,000 cr detected in special drive: FM Sitharaman

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. ....

Rajya Sabha , Union Territory , Finance Minister Nirmala Sitharaman , Central Board , Indirect Taxes , Gst Registrations , Nirmala Sitharaman , E Commerce , Cgst Rules ,

E-invoice: GST authorities to start sending advisories to non-complaint businesses

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. ....

New Delhi , Sanjay Kumar Agarwal , Central Board , Indirect Taxes , Oe Invoice , Cgst Rules , Gst Norm ,

gst: FinMin notifies prospective levy of GST on corporate guarantees

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. ....

Services Tax , Associates Senior Partner Rajat Mohan , Senior Partner Rajat Mohan , Tax Position , Cgst Rules , Rajat Mohan , Goods And Services Tax Gst Council ,