NEW DELHI: The Jharkhand High Court has ruled that the Directorate General of Goods and Services Tax Intelligence (DGGI) does not enjoy any special power or privilege compared to the officers of the state GST authorities, if they are investigating the same taxpayer for the same offence. Justices Rongon Mukhopadhyay and Deepak Roshan came down … Read more
New Delhi: The government on Sunday said GST officers have detected 29,273 bogus firms involved in fake Input Tax Credit (ITC) claims of Rs 44,015 crore in eight months till December 2023 during a drive against fake registration, which helped save revenue of Rs 4,646 crore. In the October-December quarter, 4,153 bogus firms that involved … Read more
Most major cryptocurrencies on Friday, May 27, registered sharp losses GST officers are of the view that cryptos, by nature, are similar to lottery, casinos, betting, gambling, horse racing, which have 28 per cent of GST on the entire value Cryptocurrency Under GST: The government is working to bring cryptocurrencies under the ambit of Goods … Read more
Last Updated: March 22, 2022, 19:00 IST At least three top executives from different crypto exchanges revealed that exchanges have discussed the Supreme Court option, but no decision has yet been made. (File) Finance minister Nirmala Sitharaman last month announced that cryptocurrencies would be subject to a 30% capital gains tax, a 1% tax deducted … Read more
New Delhi: The Center said on Tuesday, December 12, that no GST dues from any state are pending before it and that some state governments have not submitted AG’s authenticated certificate for the release of their share of funds. The narrative that GST dues are pending from the Centre is not correct and is a … Read more
Indirect tax on cryptocurrencies may be implemented soon, as the government has started to work on a comprehensive regime for crypto assets. Framing these rules would prevent any loss of revenue to the exchequer due to the lack of clarity around the true nature of these assets, a recent report has said. The report also … Read more
