During the first week of a collaborative operation, officials from the central and state goods and services tax departments identified approximately 10,000 fake GST registrations. Before taking any action, these officials are currently engaged in door-to-door...
The Central and State tax administrators shall be launching Special All-India Drive from May 16, 2023 to July 15, 2023 to identify fictitious GST numbers and transferring of Input Tax Credit (‘ITC’) based on invoice without physical movement of goods. The Special...
Introduction Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. It is a comprehensive tax system that replaces multiple indirect taxes such as Value Added Tax (VAT), Central Excise Duty, and Service Tax. GST is...
The Goods and Services Tax Network (GSTN) has released an advisory on the time limit for reporting Goods and Services Tax (GST) invoices on the Invoice Registration Portal (IRP). The advisory stated that the government has imposed a time limit on reporting old...
In 2017, India introduced a new Goods and Services Tax (GST) system to streamline the indirect taxation system by replacing various taxes such as VAT and service tax. However, the increasing number of registrations and the expansion of the GST network has also led to...
