New scheme of Quarterly GST return

December 18, 20200 LikeGST , Latest News , Taxlaw , Uncategorized, ,

On the recommendation of the GST council, a new scheme of quarterly returns with monthly payments [QRMP] will be introduced from 1st January 2021. Under this scheme, taxpayers, whose Aggregate Annual Turnover (AATO) is upto Rs. 5 Cr in previous financial year and current financial year, would be given an option to file their return/statement …

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Woman arrested in latest drive against GST fraud

November 23, 20200 LikeGST , Latest News , Taxlaw , Uncategorized, ,

The GST investigating authority on Thursday arrested two persons in the National Capital Region (NCR), two in Hyderabad, one in Chennai and one in Ahmedabad. The directorate general of GST intelligence (DGGI) for the first time arrested a Chennai-based woman mastermind, running the racket of fake invoices to fraudulently claim input tax credit on the …

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