This article analyses how Section 74A alters the GST penalty framework by weakening the role of intent. The key takeaway is that even bona fide disputes may now face enhanced penal ...
The Court refused to quash a detailed GST show-cause notice, holding that the purchaser must participate in adjudication over alleged fraudulent ITC ...
When the financial year closes, many businesses make bulk purchases in March to optimise their GST outflow, but experts warn that this strategy can backfire. CA Nitin Kaushik explains that input tax ...
Currently, cigarettes attract 28 per cent GST, plus a compensation cess at a varied rate. Notably, taxes on cigarettes have ...
https://www.thehindubusinessline.com/economy/gst-evasion-of-708-lakh-crore-detected-in-5-years-includes-itc-fraud-of-179-lakh-crore/article69892679.ece Copy GST ...
The CBIC also clarified that hotels supplying units of accommodation which have value less than or equal to Rs 7,500 per unit per day, shall not be able to avail ITC on such units, as the GST rate for ...
Why tobacco stocks are falling after the government notifies higher excise duties on cigarettes, effective February 1; ...
GST officers detect Rs 15,851 crore fake ITC claims in April-June; 3,558 bogus firms busted, 53 held
NEW DELHI: GST officers have uncovered fake input tax credit (ITC) claims of Rs 15,851 crore in the April-June quarter of current fiscal, a 29 per cent jump over the year-ago period, even though the ...
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