Latest Updates on GST Advisory | Rajput Jain & Associates

Overview on GST Unified Indirect Tax Mechanism

Overview of GST, a unified indirect taxation mechanism Goods and Service Tax is a unique unified indirect taxation mechanism that replaced various indirect taxes levied by the state & central governments of India. Under the GST regime, GST is a destination-based tax on consumption of services & goods that is levied on every value addition. …

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GST dept discovered 5k (Appx)Cr. of fake billing scandal

GST Dept discovered 5k (Appx)Cr. of fake billing scandal. Investigators have discovered that at least 25% of the estimated Rs 20,000 crore of bogus billing took place in Gujarat, in a key breakthrough in the Bhavnagar fake billing scandal, which entailed altering with the Aadhaar data of unsuspecting people to fraudulently get GST registrations in …

GST (Goods and Services Tax)

Inspection, Search and seizure under GST

Inspection, Search and seizure under GST BRIEF INTRODUCTION The Goods and Services Tax Act was passed in the year 2017, with the aim to subsume, almost all the indirect taxes, into a single tax. Thus, a uniform tax rate be applicable on all goods and services. Every person, registered under GST and supplying goods or …