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According to a statement issued by the CGST Commissionerate on Saturday, the arrested accused indulged in fraudulent availed and utilised Input Tax Credit to the tune of Rs 90.68 crore without receiving the goods or services in violation of the provisions of CGST Act 2017.
Arrears of ₹ 4,933.72 crore in the beginning of 2014-15 has increased to ₹11,366.35 crore (130.38%) at the end of 2018-19 in the State
Guidance on determining the liability of the supply of goods or services effected for a consideration
Suggests MRP cap formula
By siliconindia | Wednesday, 19 May 2021, 05:29 Hrs After involving businesses with an aggregate above 5 Crore, the number of e-Invoicing subscribers has increased notably. This upsurge in the businesses eligible for e-Invoicing has also impacted the current GST return filings system. e-Invoicing under GST is the new face of the GST structure and will soon apply to all the businesses irrespective of their turnovers. Businesses should accept e-Invoicing with a positive approach for their benefit. In this article, we will understand some of the direct i...