GST collections cross Rs.1L-cr mark three months in a row in January
Tuesday, January 28, 2020, 11:55 AM
GST collections have crossed Rs 1 lakh crore mark for the third month in a row in January 2020. GST collection recorded in January 2020 is likely to be between Rs 1.08 lakh crore to Rs 1.13 lakh crore, according to the source. After the collections rose to over Rs 1 lakh crore in November, this is the third time that collections have swollen.
Government blocks Rs 40,000 crore GST claims on returns mismatch
Tuesday, January 28, 2020, 11:37 AM
The Central Board of Indirect Taxes and Customs (CBIC) has frozen tax credits of around Rs 40,000 crore as the returns did not match, exposing alleged fraud by close to 2,000 entities, apart from cases where returns were not filed. Last week, the indirect tax wing of the revenue department blocked the credits within four hours, CBIC chairman John Joseph said.
2 persons arrested for GST fraud of Rs 212 crore in Odisha
Friday, January 24, 2020, 8:28 PM
Odisha's GST Enforcement Authorities on Thursday arrested two persons for their alleged involvement in GST fraud of Rs 212 crore, officials said. GST Commissioner Sushil Kumar Lohani said two persons identified as Amit Beriwal, and Subash Chandra Swain, proprietor of two companies in Rourkela, were arrested on the basis of prima facie on their alleged involvement.