CII Eastern Region, today, facilitated an interactive session with Shrawan Kumar, IRS, chief commissioner, CGST & Central Excise Kolkata and Manoj Kumar Kedia, IRS, principal commissioner, CGST & Excise Kolkata, with various industry stakeholders in Kolkata.
Surjit Bhujabal, Member (Customs), Central Board of Indirect Taxes and Customs (CBIC), said the empowerment of women entrepreneurs for inclusive development is important.
It is the eighth consecutive month when GST collections stayed above the Rs 1.7 lakh crore mark.
The government has notified amendments to GST law in relation to the valuation methodology to be adopted by online gaming…
The total revenue of the Centre and the states in the month of June 2023 after regular settlement is Rs 67,237 crore for CGST and Rs 68,561 crore for the SGST.
Accordingly, they were arrested under Section 132 of the CGST Act on Saturday, July 10 and remanded to judicial custody by the duty Metropolitan Magistrate for 14 days.
Tax experts, however, said that since the April collections reflect economic activity in March, the GST mop-up in the coming months could see a decline owing to lockdowns in certain parts of the country to curb surge in Covid cases.
The network of fictitious companies was being operated by one Naresh Dhoundiyal in connivance with one Devender Kumar Goyal, who is a Charted Accountant by profession.
Information from analytics tool NETRA (Network Exploration Tool for Revenue Augmentation), was developed by the officers of Central Goods and Service Tax (CGST) Commissionerate, Delhi East to unearth a network of fictitious firms used to generate and pass on fake Input Tax Credit (ITC) of Goods and Service Tax (GST).
Sources said that two arrests were made on Friday in Gurugram while one each was made in Nagpur, Kolkata and Mumbai CGST zones.
