A large-scale GST refund scam involving fake exports to Bhutan has come under the scanner of the Central Goods and Services Tax (CGST) Siliguri Commissionerate, with officials uncovering fraudulent refund claims running into hundreds of crores over the past few years.
In a significant breakthrough, the Department of Trade and Taxes, Government of NCT of Delhi, on Sunday uncovered a major case of Goods and Services Tax (GST) refund fraud amounting to approximately ₹14 crore.
Several manufacturing units in Sikkim are under investigation for allegedly availing undue benefits under the Scheme of Budgetary Support, 2017, introduced under the GST regime.
Humayun Kabir Kazi, - the engineer who butchered his parents in Memari had chosen to wear cross-dress during the operation, the forensic experts revealed during their investigations.
This marks the second month in a row that GST revenues have stayed above the Rs 2 lakh crore mark, indicating healthy economic activity and steady consumption growth.
GSTN is planning more features in this tool such as facility to import invoices from communication facility to GSTR 1, a statement said.
The Central Board of Indirect Taxes and Customs (CBIC) has clarified that such consultations with assessee, prior to issuance of show-cause notice (SCN) in case of demands of duty is above Rs 50 lakh (except for preventive/offence related SCNs), is mandatory and shall be done by the SCN-issuing authority.
Jharkhand, the only remaining state, has now communicated its acceptance of Option-1 given by the Centre.
In addition, the report highlighted that yearly SBI Composite Index has now reached 19-month high of 53.9 in November compared to 53 in October'20, and 50.8 in November'19.
The government has settled Rs 25,091 crore to CGST and Rs 19,427 crore to SGST from IGST as regular settlement.
