India may soon mandate the invoice management system for large transactions to curb tax evasion and enhance GST compliance.

Implications for Recipients: The responsibility of reversing the ITC lies with the recipient. Upon acceptance of a credit note, the supplier’s tax liability decreases, and the recipient’s GSTR 2B is ...

The Directorate General of GST Intelligence (DGGI) has busted an allegedly bogus Input Tax Credit (ITC) claims fraud of Rs ...

The Pune Zonal Unit of DGGI has uncovered a GST evasion scheme involving ₹1,196 crore, arresting one individual. A network of ...

Budget introduces significant amendments to the CGST Act, 2017. The definition of Input Service Distributor (ISD) under Section 2(61) is revised to facilitate ITC distribution for inter-state supplies ...

A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC ... or has mentioned an incorrect higher GST rate. A credit note is also issued when goods are ...

Authorities have busted a Goods and Services Tax (GST) evasion racket involving a fraudulent input tax credit (ITC) scam of ...

DGGI uncovers 1,196 crore tax fraud involving fake invoices, e-way bills, shell entities, and bogus companies.

The Directorate General of GST Intelligence (DGGI) in Pune has exposed a GST fraud worth Rs 1,196 crore. A vast network of ...

Bhubaneswar: The Directorate General of GST Intelligence (DGGI) of the Bhubaneswar Zonal Unit has arrested three persons for ...

The release said the investigation involved searches in Pune, Delhi, Noida and Muzaffarnagar and revealed a sophisticated ...