GST was supposed to be a simple, self-regulating and non-intrusive tax compliance regime to replace a complicated and multiple indirect tax systems. What has been rolled out remains very much a work-in-progress after more than two-and-half years

Central GST Delhi East Commissionerate officials caught three persons for floating 17 fake companies and issuing fake invoices

The GST revenue collection stood at Rs 1.05 lakh crore in February, registering a growth of 8 per cent over the same month last year

The revenue department is planning to launch lottery offers between Rs 10 lakh and Rs 1 crore under the GST from April 1 by conducting lucky draws every month for invoices of all business to customer (B2C) transactions

The lottery scheme is being envisaged by the revenue department to encourage customers to take bills for every purchase, which will help the government in curbing GST evasion

Under the scheme, the revenue department will conduct monthly lucky draws which will have one bumper prize

While importers have to fill Bill of Entry with Customs department while importing goods, exporters have to file Shipping Bill

Tamil actor Vijay questioned: The IT dept on Thursday stated that it seized unaccounted cash worth Rs 77 crore from 38 locations in Chennai and Madurai allegedly linked to a prominent financier cum producer Anbu Chezhiyan, the Tamil superstar Vijay and the production house AGS Group. Here's for more

Daya Shankar Kushwaha, who was arrested by tax officers recently, used a network of 49 shell firms for defrauding the government, govt said.

GST collections this month: Total GST revenue was Rs 1.1 lakh crore in January. Here's for more

Budget 2020: With a few days to for the Union Budget 2020, India Inc expects finance minister Nirmala Sitharaman to strike a fair balance between falling consumption, revenue shortfall and high rate of unemployment

Chief Justice of India SA Bobde said tax judiciary plays a very important role in resource mobilisation of the country and expressed concern over pendency of cases

Department of Revenue has also sent alerts to around 40,000 companies for excess ITC, availing it fraudulently and other tax-related wrongful issues

If in the current situation the government does not cut welfare spending or increases taxes, it would need to increase borrowing to inject cash into the market

The decision to the extend the deadline for availing late fee waiver on GSTR-1 was taken in view of enthusiastic response to the decision, Ministry of Finance said

Income Tax Department has also rolled back its decision to bar taxpayers who deposited more than Rs 1 crore, spent Rs 2 lakh on foreign travel, and paid electricity bills over Rs 1 lakh from filing ITR-1 Sahaj

ITR-1 Sahaj is used to file returns by ordinary resident individuals whose total income does not exceed Rs 50 lakh. Form ITR-4 Sugam is meant for resident individuals, HUFs and firms except LLPs with a total income of up to Rs 50 lakh and presumptive income from business and profession

As per the tax notice issued by the taxman, the agency has invoked section 65 of the Central Goods and Services Tax (CGST) Act for an audit of accounts and records from July-March of 2017-18 or from the date of the last audit to FY18

The slew of measures include curbing fraud and evasion cases, checking fake or huge input tax credit claims, linking foreign exchange remittances with IGST refund and seeking bank account details of businesses to tally with their filings

As many as 7,100 cases, accounting for Rs 1.7-lakh crore tax litigations, are yet to make up their mind on Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019; the deadline to avail the scheme is January 15