Showing results for "#Input Tax Credit"
Agro-food chamber calls for GST reformation
The AFCCI thus suggested that there should be only three GST rates, viz. 5, 10, and 15 for Goods and Services rather than a higher rate for sin goods...
6 years of GST: Monthly mop-up of Rs 1.5 L-cr tax ‘new normal’
29 Jun 2023 7:31 PMThinktank GTRI said the most critical pending GST reform is upgradation of GST Network to prevent fake supplies and fraudulent claims of Input Tax...
GSTN defers by 3 months implementation of e-invoice reporting time...
7 May 2023 11:26 AMLast month the GST Network had imposed a timeline for businesses with turnover of Rs 100 crore and above for uploading e-invoices on the Invoice...
CGST officials bust racket generating fraudulent input tax credit
29 Oct 2020 4:04 PMThe well-established syndicate was being operated by floating seven different fake firms with the intent of passing of inadmissible credit to the tune...
Delhi man held on charge of forging Rs 392-cr input tax credit
30 Oct 2020 7:17 AMA Delhi resident was arrested by a team of Directorate General of GST Intelligence's (DGGI) Gurugram Zonal Unit on charges of creating and operating...
GST officers arrest one for operating 46 fake firms, passing on ITC...
18 Jan 2021 11:36 AMGST officers have arrested one person for operating 46 fake firms and passing on fake input tax credit (ITC) worth Rs 82.23 crore, the Finance...
Telecom infra cos incur Rs 2,500 cr loss under GST regime so far, Rs...
22 Jan 2021 12:13 PMTelecom infrastructure companies are likely to incur a loss of around Rs 625 crore under the current GST norms, which do not provide input tax credit...
Tamil Nadu to slap Goondas on Bill traders, fake ITC claimants
6 Sept 2021 2:05 PMTamil Nadu government has proposed to slap Goondas on people engaging in bill trading and causing revenue loss to the government by availing ITC...