CA Pratibha Goyal | May 15, 2023 |

GST intelligence detects case of lower payment of GST on Ayurvedic medicine; Rs. 111 Cr detected

In the weekly newsletter, CBIC Chairman informed that DGGI officers detected a case of payment at a lower rate for items wrongfully declared as Ayurvedic Medicine. An amount of more than Rs. 111 Crore has been recovered subsequent to the detection.

He further added that on the anti-evasion front, it was a busy week! Officers of the Directorate General of GST Intelligence (DGGI) detected a case involving evasion of GST on the acquisition of compulsorily convertible debentures. Pursuant to the detection an amount exceeding Rs. 56 Crores has been recovered.

Further, an amount of Rs. 287 Crores was recovered by DGGI in a case involving non-payment of GST on support services rendered by the Head Office of an assessee for its Branches.

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Tags: CBIC Chairman, CGST Rate Notification, CGST RATE NOTIFICATIONS, Declarations, GST Evasion, gst rate notification, GST RATE NOTIFICATIONS, GST rates, gst tax rate, gst tax rates

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Name: CA Pratibha Goyal

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CA Pratibha Goyal is Chartered Accountant qualified in 2016, is a Member of The Institute of Chartered Accountants of India having wide experience in the field of Auditing, Taxation, ROC, GST and Secretarial matters etc. She has written over a thousand articles & has made several videos on topics related to Auditing & Taxation. As a Speaker she has delivered various sessions on various branches of NIRC of ICAI.

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