GST Commissionerate Busts Fake Invoices Racket In Delhi

Central GST Delhi-West Commissionerate has busted a racket involved in issuance of fake invoices and defrauding the exchequer to the tune of Rs 108 crore, an official release said on Saturday.

The Indian Railways Catering and Tourism Corporation Ltd. (IRCTC) has earned more than Rs 63 crore from convenience fee in September, an RTI query revealed.

The minister said she expected November GST collection to be "good". GST revenues stood at Rs 95,380 crore in October.

The CBIC said that GST law clearly states under Section 7(2) read with schedule three of the Central GST Act 2017 that salaried services by an employee to an employer will be treated neither as a supply of goods nor as a supply of services. "So salaries as such cannot be subject to GST."

Gold prices were last seen at Rs 38,200 per 10 grams in the national capital on Friday, according to India Bullion and Jewellers' Association (IBJA). These rates are exclusive of a 3 per cent Goods and services Tax (GST) and making charges, industry body IBJA mentioned on its website. IBJA is a Mumbai-based association consisting of gold dealers, traders and jewellers...

In another relief, the government has decided to simplify the two GST forms by making various fields of these forms as optional, the Central Board of Indirect Taxes and Customs (CBIC) said in a statement.

Gold prices stood at Rs. 38,170 per 10 grams in the national capital on Wednesday, according to India Bullion and Jewellers' Association (IBJA). These rates are exclusive of a 3 per cent Goods and services Tax (GST) and making charges, industry body IBJA mentioned on its website. IBJA is a Mumbai-based association consisting of gold dealers, traders and jewellers. Ana...

Gold prices stood at Rs 38,070 per 10 gram in the national capital on Monday, according to India Bullion and Jewellers' Association (IBJA). These rates are exclusive of 3 per cent Goods and services Tax (GST) and making charges, industry body IBJA mentioned on its website. IBJA is a Mumbai-based association consisting of gold dealers, traders and jewellers. Gold rates...

The last time services activity contracted for two consecutive months was in August 2017 following the hasty implementation of a Goods and Services Tax (GST).

Revenue from Goods and Services Tax fell 5.6 per cent year-on-year to Rs 95,380 crore in October.

The CBI has arrested a senior official in the GST department in Lucknow for allegedly demanding bribe from a local businessman, officials said Thursday.

Ms Sitharaman said states will have to make efforts in improving the business climate in India, especially with regard to property registration.

Tax experts and chartered accountants (CAs) said that the new return systems would require a lot of details such as purchases from unregistered dealers.

At present, a large number of companies allow their subsidiaries or a related party to freely use the brand name and logo.