Among other things, the GST Council will also consider issuance of e-invoice by entities with turnover of over Rs 50 crore for business-to-business (B2B) sales in a bid to curb GST evasion.

Social media allows the IT department to glimpse peoples' spending habits and tally such expenses with their disclosed incomes. When estimates are tallied with tax individuals have paid, it grants insights that are useful to the IT department.

Extra-neutral alcohol (ENA) is used for manufacturing alcoholic liquor for human consumption

Since the GST law provides a commissioner the power to arrest a person in case he has reasons to believe that the tax evasion is likely to be more than Rs 5 crore without waiting for the final determination of the tax liability.

The GST Council, which will meet on June 20, will take a final decision on the turnover threshold for issuance of e-invoice for B2B sales after consultation with states

Come July, when the Finance Minister Nirmala Sitharaman under Modi 2.0 government presents her maiden budget, much like a selector who picks the cricket team for the world cup, her choices and actions will attract bouquets and brickbats in equal measure.

Chief Economic Advisor Krishnamurthy Subramanian talks about what he thinks should be the agenda for the next government.

The latest such notice was issued to one Potluri Rajamohan Rao on May 28, asking him to file an appeal, if any, within ten days in connection with the 'administrative assistance' sought by the Indian authorities

Investors have been pressing the sell button on Manpasand Beverages after the CGST and Customs arrested the company's MD Abhishek Singh and CFO Paresh Thakkar on allegation of creating fake company units and committing tax invasion

The Supreme Court's vacation bench of Chief Justice Ranjan Gogoi and Justice Aniruddha Bose said that different high courts had taken different views in granting anticipatory bail to individuals accused of GST evasion and therefore, it needs to decide the question of law on the power of arrest.

Electronic invoice, or e-invoice, has been envisaged by the revenue department to mainly curb goods and services tax evasion.

Investors have been pressing the sell button on Manpasand Beverages after the Commissioner of Central GST (CGST) and Customs on Friday arrested the company's MD Abhishek Singh and CFO Paresh Thakkar over GST fraud case

The vacation bench comprising the Chief Justice of India Ranjan Gogoi and Justice Aniruddha Bose had dismissed the Special Leave Petition (SLP). The apex court said that it is not inclined to interfere with the April 18 judgement of the High Court.