Chennai: The CGST Chennai north commissionerate uncovered a major fake GST invoice racket that generated fraudulent Input Tax Credit (ITC) worth 50.85 crore on bogus invoices estimated at around 300 ...

An inter-state racket engaged in generating fake GST invoices was busted in the city on Saturday. Preliminary enquiry has confirmed a tax evasion of ₹ 50.85 crore involving 12 entities in northern ...

The Enforcement Directorate (ED) has attached 10 immovable properties, worth Rs 15.41 crore in Kolkata and Howrah as part of its investigation into a goods and services tax (GST) fraud that spans ...

The GST Council, as widely expected, moved to a two-slab indirect tax system by retaining the 5% and 18% rates and doing away with the 12% and 18% slabs. The GST Council has been maintaining the ...

Running a small business means managing a long to-do list every week. From marketing and customer support to order processing and invoicing, most days are spent juggling multiple responsibilities at ...

When the financial year closes, many businesses make bulk purchases in March to optimise their GST outflow, but experts warn that this strategy can backfire. CA Nitin Kaushik explains that input tax ...

Detailed rules and guidelines for issue of invoice and GST invoice format have been provided for in the GST Tax Invoice, Credit and Debit Notes rules. As per the GST invoice rules, all GST invoices ...

Rule 46 (b) of the CGST Rules 2017 specifies that the tax invoice issued by a registered person should have a consecutive serial number, not exceeding sixteen characters, in one or multiple series, ...