ARIES™ Non-LEDES Invoice Capture for International Invoices is available now in Mitratech’s e-billing portal, Collaborati. Additional IDP-powered capabilities, including advanced court docket ...
India's Goods and Services Tax system shows strong growth but struggles with fake invoice fraud, especially in the scrap sector. This practice allows tax evasion and distorts competition. Exporters ...
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 Goods and Services Tax Network (GSTN) recently announced a new feature in the Invoice Management System (IMS) on the GST portal. This allows taxpayers to mark credit notes as "Pending" for one tax ...
CHENNAI: The CGST Chennai North commissionerate on Monday said it busted a fake GST invoice racket operated to fraudulently pass on Input Tax Credit worth Rs 10.64 crore on bogus invoices valued at Rs ...
Two men from Chennai, including the owner of M/s MKN Enterprises, have been arrested for fraudulently passing on Input Tax Credit (ITC) worth ₹10.64 crore using fake GST invoices. They allegedly ...
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 ...
New Delhi: It’s natural to have doubts about the old and revised GST tax rates, especially since changes have been made to around 400 items. Remembering all these revisions isn’t practical either.
Businesses registered under the Goods and Services Tax (GST) will soon find it easier to manage their invoices and tax credits, as the government is planning to roll out significant changes to the ...
The GST Network (GSTN) has issued an advisory announcing several key updates to the Invoice Management System (IMS). These changes aim to simplify the GST compliance process for taxpayers. One major ...