Category Archives: GST

CGST authorities bust input tax credit fraud of more than Rs 31,000 crore involving more than 7,200 cases in FY 2020-21

By | August 3, 2021

Ministry of Finance CGST authorities bust input tax credit fraud of more than Rs 31,000 crore involving more than 7,200 cases in FY 2020-21 Posted On: 03 AUG 2021 The Goods and Services Tax authorities have unearthed over Rs 31,000 crore of tax fraud committed by misuse of input tax credit (ITC) provision under the… Read More »

Category: GST

GST Revenue collection for July 2021

By | August 2, 2021

Ministry of Finance GST Revenue collection for July 2021 ₹ 1,16,393 crore gross GST revenue collected in July Posted On: 01 AUG 2021 The gross GST revenue collected in the month of July 2021 is ₹ 1,16,393 crore of which CGST is ₹ 22,197 crore, SGST is ₹ 28,541 crore, IGST is ₹ 57,864 crore (including ₹ 27,900 crore collected on import of… Read More »

Category: GST

Notification No. 31/2021–Central Tax : No Need to file GST Annual return upto Rs 2 cr turnover

By | July 31, 2021

NOTIFICATION New Delhi, the 30th July, 2021 No. 31/2021–Central Tax G.S.R. 518(E).—In exercise of the powers conferred by the first proviso to section 44 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Commissioner, on the recommendations of the Council, hereby exempts the registered person whose aggregate turnover in the financial… Read More »