News

A Man from Ambur has been arrested for running a fake GST invoice racket, causing fraudulent ITC claims worth Rs 11.9 crore.

Massive GST Fraud Worth Rs. 11.9 Crore Exposed! Dept Nabs Man for Fraudulently Claiming ITC

The Enforcement Directorate (ED) has uncovered a Rs. 700 crore fake ITC scam involving bogus invoices, fake firms, and misuse of the GST system across multiple states.

ED Busts Rs. 700 Crore Fake ITC Scam: Fake Firms, Bogus Invoices, and GST Misuse Exposed

Articles

The CBIC has made it clear that the insurers cannot claim input tax credit (ITC) on the services such as broking and commission.

Insurers Cannot Claim ITC on Brokerage: CBIC Issues Notification

Notifications

The goods covered under each tax rate are listed in Schedules I to VII of the notification, along with their HSN codes.

Revised GST Rates: Ministry of Finance Announces New GST Slabs

CBIC has released FAQs-2 on the recent GST rate rationalisation based on the recommendations made by the GST council in its 56th meeting.

CBIC Releases FAQs-2 on GST Rate Rationalisation

Under GST 2.0, most goods from the 12% slab have been shifted to 5%, reducing costs for 140 crore people and boosting savings.

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Massive GST Fraud Worth Rs. 11.9 Crore Exposed! Dept Nabs Man for Fraudulently Claiming ITC

ED Busts Rs. 700 Crore Fake ITC Scam: Fake Firms, Bogus Invoices, and GST Misuse Exposed

Insurers Cannot Claim ITC on Brokerage: CBIC Issues Notification

Revised GST Rates: Ministry of Finance Announces New GST Slabs

CBIC Releases FAQs-2 on GST Rate Rationalisation

Finance Minister Notifies Majority of Goods in 12% GST Slab Now Shifted to 5% Under GST 2.0 Reforms