Author: admin_gst

Major Racket of Fake Invoicing of 7896 Crore Busted Involving Network of 23 Shell Companies
GST
Dated:- 3-3-2020

Major Racket of Fake Invoicing of ₹ 7896 Crore Busted Involving Network of 23 Shell Companies
Two Accused Arrested & Remanded to 14 Days Judicial Custody
The officers of Anti Evasion wing of Central Tax, Delhi West Commissionerate have busted a major racket of fake invoicing of ₹ 7896 crore involving fraudulent Input Tax Credit (ITC) of ₹ 1709 crore, using a network of 23 shell companies, which procured and generated invoices without actual supply of goods and availed as well as passed on ITC. Two persons have been arrested on 29.02.2020, in this matter.
The accused persons were evading tax by c

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Review of Interest Subvention Scheme
GST
Dated:- 2-3-2020

Government has modified the guidelines of 'Interest Subvention Scheme for Incremental Credit to MSMEs 2018' on 13th December, 2019. In the modified guidelines, requirement of Udyog Aadhar Number (UAN) has been dispensed with for units registered for Goods and Service Tax (GST). However, in the case of units which are not registered under GSTN, may either submit Income Tax Permanent Account Number (PAN) or their loan account

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Provision for Quarterly Payment of GST by MSMEs
GST
Dated:- 2-3-2020

The Small and Medium sector companies now get the benefit of the new return model under GST which ensures quarterly filing of returns for those taxpayers whose annual aggregate turnover in the preceding Financial year does not exceed ₹ 5 crore.
Department of Revenue have informed that there is no such proposal at this stage.
Quarterly payment of GST is available to those MSMEs who opt for composition levy

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Firm busted for issuing fake invoices to claim input tax credit of goods worth 436 crores
GST
Dated:- 2-3-2020

Officers of Anti-Evasion, Central GST Delhi East Commissionerate have unravelled a major operation of Circular Trading, involving use of fake invoices to claim fraudulent refunds of Input Tax Credit. Shri Asif Khan, Shri Rajeev Chhatwal and Shri Arjun Sharma, operating a total of 17 fake firms, procured invoices without actual supply of goods and availed as well as passed on ITC fraudulently, to the tune of ₹ 436 crores. The fraudulently availed ITC was used by them to file refund claims to the tune of ₹ 11.55 crores under Inverted Duty Structure. The said refund claims were also filed by fake firms floate

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

ning a similar operation even during erstwhile VAT regime. It came to light that the trio were planning to spread their operations to other States at the time they were apprehended.
Shri Asif Khan, Shri Rajeev Chhatwal and Shri Arjun Sharma appear to have knowingly committed offences under Section 132(1)(b) and 132(1)(c) of CGST Act, 2017 which are cognizable and non-bailable offences as per the provisions of Section 132(5) and punishable under Clause (i) of Sub section (1) of Section 132 of the Act ibid. They also appear to have committed offence under Section 132(1)(e) of the Act.
Accordingly, the said persons were arrested on 01.03.2020 under Section 69(1) of the CGST Act, 2017 and remanded to judicial custody till 13.03.2020 by the Ch

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Monthly GST lottery offer for B2C invoices to start from Apr 1
GST
Dated:- 2-3-2020

New Delhi, Mar 1 (PTI) The government is planning to launch lottery offer under the Goods and Services Tax (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 in turn 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 there would be second and third prizes state wise, an official told PTI.
"The lottery scheme is planned to be launched on

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Revenue collection for February, 2020
GST
Dated:- 2-3-2020

GST Revenue collection for February, 2020
₹ 1,05,366 crore gross GST revenue collected in February
The gross GST revenue collected in the month of February, 2020 is ₹ 1,05,366 crore of which CGST is ₹ 20,569 crore, SGST is ₹ 27,348 crore, IGST is ₹ 48,503 crore (including ₹ 20,745 crore collected on imports) and Cess is ₹ 8,947 crore (including ₹ 1,040 crore collected on imports). The total number of GSTR 3B Returns filed for the month of January up to 29th February, 2020 is 83.53 lakh.
The government has settled ₹ 22,586 crore to CGST and ₹ 16,553 crore to SGST from IGST as regular settlement. The tota

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

ted in each State during the month of February, 2020 as compared to Feb, 2019.
State-wise GST revenue in February
(₹ crore)
State
Feb-19
Feb-20
Growth
Jammu and Kashmir
306
316
3%
Himachal Pradesh
610
621
2%
Punjab
1,100
1,229
12%
Chandigarh
147
172
18%
Uttarakhand
1,237
1,281
4%
Haryana
4,873
5,266
8%
Delhi
3,422
3,835
12%
Rajasthan
2,676
2,932
10%
Uttar Pradesh
5,112
5,776
13%
Bihar
961
1,121
17%
Sikkim
145
183
26%
Arunachal Pradesh
32
48
51%
Nagaland
20
25
27%
Manipur
21
37
77%
Mizoram
22
25
12%
Tripura
46
63
37%
Meghalaya
129
157
21%
Assam
736
924
25%
West Bengal
3,490
3,942
13%
Jharkhand
2,121
2,071
-2%
Odisha
2,374
2,790
18%
Chattisgarh
2

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

CGST wing detects Input Tax Credit fraud of more than 214 crores in Delhi, 1 held
GST
Dated:- 20-2-2020

The Anti Evasion wing of CGST Delhi South Commissionerate has detected a case of Input Tax credit fraud through fake invoices issued by bogus firms. Investigations led to discovering the accused had also been generating bogus e-way bills to back the fake invoices. Over 35 entities are involved in the bogus transactions, involving fake invoicing to the tune of ₹ 214.74 crore

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Central Board of Indirect Taxes and Customs starts capturing district-wise data or origin of export goods
GST
Dated:- 17-2-2020

Keeping with the Hon'ble PM's objective of turning districts into export hubs, Central Board of Indirect Taxes and Customs has now started capturing district-wise data or origin of export goods. The idea was also recently echoed by the Hon'ble Finance Minister in her Budget speech. This additional information from the export declarations will provide a key

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

DGGI busts firm for making bogus Input Tax Credit invoices of more than 268 crores
GST
Dated:- 13-2-2020

The Directorate General of GST Intelligence (DGGI), Gurugram Zonal Unit (GZU), Haryana, has arrested Shri Nitin Jain, resident of Sonepat, Haryana, proprietor of M/s Shiv Trade Incorporation, Delhi, for issuing bogus invoices.
During investigation it was revealed that Shri Nitin Jain has issued bogus invoices through his firm M/s Shiv Trade Incorporation and another firm M/s Om Trade Inexim, opened in the name of dummy person, of various types of goods namely ferrous/ non-ferrous scrap, ingots, nickel cathode etc. amounting to ₹ 268.3 crores (approx).
Through bogus invoices, Shri Nitin Jain has fraudulently passed I

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Regulation of irregularities in GST claims
GST
Dated:- 11-2-2020

To identify cases of fraudulent claims under Goods & Services Tax (GST), the Government of India has taken measures to apply stringent risk parameters-based checks driven by rigorous data analytics and Artificial Intelligence (AI) tools based on which certain taxpayers are taken up for further verification. Moreover, a standard operating procedure has been prescribed for exporters vide Circular No. 131/1/2020-GST dated 23.01.2020 to mitigate the risk of wrongful refund claims of Integrated Goods and Services Tax (IGST). This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya S

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

1,10,828 crore GST Gross Revenue collected for January, 2020
GST
Dated:- 1-2-2020

₹ 1,10,828 crore GST Gross Revenue collected for January, 2020
January 2020 stands second highest monthly collection since implementation of GST
The gross GST revenue collected in the month of January, 2020 is ₹ 1,10,828 crore of which CGST is ₹ 20,944 crore, SGST is ₹ 28,224 crore, IGST is ₹ 53,013 crore (including ₹ 23,481 crore collected on imports) and Cess is ₹ 8,637 crore (including ₹ 824 crore collected on imports). The total number of GSTR 3B Returns filed for the month of December up to 31st January, 2020 is 83 lakh (prov).
The government has settled ₹ 24,730 crore to CGST and &#83

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

uction of GST that the monthly revenues have crossed ₹ 1.1 lakh crore and sixth time during the year it has crossed ₹ 1 lakh crore.
The chart shows trends in revenue during the current year. The table shows the state-wise figures of GST collected in each State during the month of January, 2020 as compared to January, 2019.
State-wise figures for the month of January, 2020
S.No.
State
Jan 19
Jan 20
Growth
1
Jammu and Kashmir
331
371
12%
2
Himachal Pradesh
647
675
4%
3
Punjab
1,216
1,340
10%
4
Chandigarh
159
195
22%
5
Uttarakhand
1,146
1,257
10%
6
Haryana
4,815
5,487
14%
7
Delhi
3,525
3,967
13%
8
Rajasthan
2,776
3,030
9%
9
Uttar Pradesh
5,485
5,698
4%
10
Bihar
1,039
1,122
8%

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

THE UNION TERRITORY OF DADRA AND NAGAR HAVELI AND DAMAN AND DIU CENTRAL GOODS AND SERVICES TAX (AMENDMENT) REGULATION, 2020
GST
Dated:- 25-1-2020

MINISTRY OF LAW AND JUSTICE
(Legislative Department)
New Delhi, the 24th January, 2020/Magha 4, 1941 (Saka)
THE UNION TERRITORY OF DADRA AND NAGAR HAVELI AND DAMAN AND DIU CENTRAL GOODS AND SERVICES TAX (AMENDMENT) REGULATION, 2020
NO. 2 OF 2020
Promulgated by the President in the Seventy-first Year of the Republic of India.
A Regul

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

THE UNION TERRITORY OF DADRA AND NAGAR HAVELI AND DAMAN AND DIU GOODS AND SERVICES TAX (AMENDMENT) REGULATION, 2020
GST
Dated:- 25-1-2020

MINISTRY OF LAW AND JUSTICE
(Legislative Department)
New Delhi, the 24th January, 2020/Magha 4, 1941 (Saka)
THE UNION TERRITORY OF DADRA AND NAGAR HAVELI AND DAMAN AND DIU GOODS AND SERVICES TAX (AMENDMENT) REGULATION, 2020
NO. 1 OF 2020
Promulgated by the President in the Seventy-first Year of the Republic of India.
A Regulation further to amend the Union Territories Goods and Services Tax Act, 2017.
In exercise of the powers conferred by article 240 of the Constitution, the President is pleased to promulgate the following Regulation made by him:-
Short title and commencement.
1. (

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Now the GST Taxpayers can file their GSTR-3B Returns in a Staggered Manner
GST
Dated:- 22-1-2020

Considering the difficulties faced by trade and industry in filing of returns, the government has decided to introduce several measures to ease the process. The Finance Ministry today said that now GST taxpayers can file their GSTR-3B returns in a staggered manner.
Presently the last date of filing GSTR-3B returns for every taxpayer is 20th of every month. From now on, the last date for filing of GSTR-3B for the taxpayers having annual turnover of ₹ 5 crore and above in the previous financial year would be 20th of the month. Thus, around 8 lakh regular taxpayers would have the last date of GSTR-3B filing as 20th of every mon

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

h, Punjab, Chandigarh, Uttarakhand, Haryana, Delhi, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand and Odisha having annual turnover below ₹ 5 crore in previous financial year will now be having last date of filing the GSTR-3B as 24th of the month without late fees.
The Finance Ministry said that the necessary notification in this regard would be issued later by the competent authority.
In a statement issues, the Ministry further said that it has also taken a note of difficulties and concerns expressed by the taxpayers regarding filing of GSTR-3B and other returns. The matter has been discussed by the GSTN with Infosys, the Managed Service Pro

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

2nd National GST Conference held for streamlining GST system
GST
Dated:- 7-1-2020

The 2nd National GST Conference of the Commissioners of State Tax and Chief Commissioners of Central Tax was held here today under the chairmanship of Dr Ajay Bhushan Pandey, Revenue Secretary, Ministry of Finance.
The multi-faceted Conference was focused on brainstorming session for streamlining Goods and Services Tax (GST) system and plugging revenue leakages. This was the 2nd edition of all India Conference where both tax administrations came together formally to build synergy and to share their knowledge and best practices with intent to bring about uniformity in tax administrations.
During the Conference, deliberations were held on a mecha

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

nging inconvenience to the genuine taxpayers. CBDT and FIU-India made their presentations on exchange of data and disseminating STR for curbing evasion.
GST policy Wing, CBIC, presented ways to bridge the compliance gap and enhancing revenue, which would result in recovering unmatched credit, reviewing refunds, management of non-filers, reporting of electronic invoice to GST system and comprehensive and coordinated audit.
After the day-long in-depth deliberations, the following measures were decided for necessary action:
1. To constitute a Committee of Centre and State officers to examine and implement quick measures in a given time frame to curb fraudulent refund claims including the inverted tax structure refund claims and evasion of

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

k account details by GST system, in consultation with RBI and NPCI. Suggestions were also received to make GST system aligned with FIU for the purpose of getting bank account details and transactions and also PAN based banking transaction.
6. To share data of cases involving evasion and fraudulent refund detected by CBIC with CBDT and vice versa, so that proper profiling of these fraudsters could also be done.
7. It was also suggested to provide a single bank account for foreign remittance receipt and refund disbursement.
8. A self-assessment declaration to be prescribed by suitable amendments in GSTR Forms in case of closure of businesses.
9. To undertake verification of unmatched Input Tax Credit availed by taxpayers.
The Central

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Revenue collection for December, 2019 1,03,184 of gross GST revenue collected in the month of December
GST
Dated:- 1-1-2020

The gross GST revenue collected in the month of December, 2019 is ₹ 1,03,184 crore of which CGST is ₹ 19,962 crore, SGST is ₹ 26,792 crore, IGST is ₹ 48,099 crore (including ₹ 21,295 crore collected on imports) and Cess is ₹ 8,331 crore (including ₹ 847 crore collected on imports). The total number of GSTR 3B Returns filed for the month of November up to 31st December, 2019 is 81.21 lakh.
The GST revenues during the month of December, 2019 from domestic transactions has shown an impressive growth of 16% over the revenue during the month of December, 2018. If

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

gross domestic GST Collection and its comparison with that of December, 2018:
State-wise Gross Domestic GST Collection for the month of December, 2019
(Amount Rs. in Cr.)
State
Dec-18
Dec-19
Growth
1
Jammu and Kashmir
293
409
40%
2
Himachal Pradesh
595
699
18%
3
Punjab
1,162
1,290
11%
4
Chandigarh
143
168
18%
5
Uttarakhand
1,055
1,213
15%
6
Haryana
4,646
5,365
15%
7
Delhi
3,146
3,698
18%
8
Rajasthan
2,456
2,713
10%
9
Uttar Pradesh
4,957
5,489
11%
10
Bihar
909
1,016
12%
11
Sikkim
150
214
43%
12
Arunachal Pradesh
26
58
124%
13
Nagaland
17
31
88%
14
Manipur
27
44
64%
15
Mizoram
13
21
60%
16
Tripura
48
59
24%
17
Meghalaya
108
123
14%
18
Assam
743
991

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Anti-Evasion wing of CGST Delhi detects GST fraud of 241 crores, one held
GST
Dated:- 26-12-2019

The Anti-Evasion wing of CGST Delhi South Commissionerate has discovered here today yet another case of fake invoicing and GST fraud alongside a new modus operandi of defrauding the exchequer by exploiting the facility of refunds given for inverted duty structure. Over 120 entities who are involved in the transactions have come to light so far, involving fake invoicing of ₹ 1,600

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Council to set up grievance redressal mechanism for taxpayers
GST
Dated:- 25-12-2019

New Delhi, Dec 25 (PTI) – The GST Council will set up a grievance redressal mechanism for taxpayers.
The decision was taken at the 38th meeting of the GST Council held on December 18.
It has decided that a structured grievance redressal mechanism should be established for the taxpayers under GST to tackle grievances on GST-related issues of specific and general nature, an official statement said on Wednesday.
The council will set up the Grievance Redressal Committee (GRC) at zonal and state levels consisting of both central tax and state tax officers, representatives of trade and industry and other goods and services tax (GST) stakehold

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Due date of filing of GSTR-3B for the month of November 2019 has been extended to 23/12/2019
GST
Dated:- 21-12-2019

The Central Board of Indirect Taxes and Customs ( CBIC ) has extended

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

The revenue trends since inception of GST – A presentation was made to the GST Council on the issue of revenue
GST
Dated:- 18-12-2019

PRESS NOTE ON REVENUE
A presentation was made to the GST Council on the issue of revenue, GST rate structure and compensation needs of the States. Before the presentation, the Convenor of GoM on revenue augmentation Sh. Sushil Kumar Modi, Dy CM (Bihar) made opening remarks about the revenue position and future roadmap. The presentation made thereafter was based on discussions in the Committee of officers of State and Centre on revenue augmentation. The revenue trends since inception of GST as shown below was taken note of –
GST Gross Revenue Trends
A constructive discussion followed the pre

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Council decisions relating to changes in GST rates, exemptions in the 38th meeting held on 18th December, 2019 of the GST Council
GST
Dated:- 18-12-2019

PRESS RELEASE
(On Rate Changes)
GST Council in the 38th meeting held on 18th December, 2019 at New Delhi took following decisions relating to changes in GST rates, exemptions, –
* To exempt upfront amount payable for long term lease of industrial/ financial infrastructure plots by an entity having 20% or more ownership of Central or State Government. Presently, the exemption is available to an entity having 50% or more ownership of Central or State Government. This change shall become effective from 1st January, 2020.
* To levy a single rate of GST @ 28% on bot

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

GST Council’s decisions regarding Law and Procedure related changes – Recommendations of the GST Council in the 38th meeting of the GST Council held on 18.12.2019
GST
Dated:- 18-12-2019

38th Meeting of the GST Council, New Delhi
18 December, 2019
***
PRESS RELEASE
(Law and Procedure related changes)
In the 38th meeting of the GST Council held on 18.12.2019, the GST Council recommended the following:
* Grievance Redressal Committees (GRC) will be constituted at Zonal/State level with both CGST and SGST officers and including representatives of trade and industry and other GST stakeholders (GST practitioners and GSTN etc.). These committees will address grievances of specific/ general nature of taxpayers at the Z

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

.
* To check the menace of fake invoices, suitable action to be taken for blocking of fraudulently availed input tax credit in certain situations.
* A Standard Operating Procedure for tax officers would be issued in respect of action to be taken in cases of non-filing of FORM GSTR 3B returns.
* Due date of filing GST returns for the month of November, 2019 to be extended in respect of a few North Eastern States.
* The Council also approved various law amendments which will be introduced in Budget 2020.
[This note presents the decision of the GST Council in simple language for easy understanding which would be given effect through Gazette notifications/ circulars which alone shall have force of law. The same will be made effec

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Fin Min sets 1.1 lakh cr monthly GST collection target
GST
Dated:- 17-12-2019

New Delhi, Dec 17 (PTI) Amid talks of the government likely to miss tax collection target this fiscal, the Finance Ministry has set a ₹ 1.1 lakh crore monthly GST mop-up target for the remaining four months of 2019-20 financial year, ministry sources said.
Revenue Secretary Ajay Bhushan Pandey had a video conference meeting with top tax officials and impressed upon them to step up measures to achie

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Centre will not renege on GST compensations: Sitharaman
GST
Dated:- 16-12-2019

Mumbai, Dec 16 (PTI) Union Finance minister Nirmala Sitharaman on Monday assured states that the Centre will not "renege" on the promise of GST compensations.
The delays to pass on the money are due to a slip in collections and the states have nothing to be embarrassed about, she said.
The remarks come at a time when states like Maharashtra and Kerala have been demanding the compensation sooner.
"It is certainly their right, I am not denying. At the same time, I am also making clear to say that I am not reneging on that. States will be given. We are certainly not reneging on it.
"I admit that the payments which had to go the

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Goods & Services Tax refund
GST
Dated:- 10-12-2019

A number of companies applied for a Goods & Services Tax (GST) refund since the introduction of the tax regime. As on 02.12.2019, a total of 1,86,158 entities have filed 36,42,272 refund applications, out of which 34,46,010 refund applications have been finalised.
This was stated by Shri Anurag Singh Thakur, Union Minister for State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today.
The Minist

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =