- Advertisement
- Airtel Plan
- All Gujarati News Papers
- Apps
- Ayushman Bharat
- bankinfo
- Best Apps Download
- BPL LIST OF GUJARAT
- Corona Virours
- Cricket News
- Digital Gujarat Online Citizen Service
- Driving license
- Education app
- Educational News
- Free Sewing Machine Scheme News
- Good News
- Good News GOVT SCHEME
- Goverment Yojna
- government's scheme
- Govt jobs
- Gram panchayat news
- GST
- Gujarati Calander 2020.
- Head constabale
- How To Find Vehicle Owner Detail
- ICE Rajkot Weekly Current Affairs
- JOBS
- JObs & Educations
- JOBS AND EDUCATIOIN
- Jobs in Gujarat
- Jobs News
- Kisan Credit Card
- Live Map
- MA Amrutam card Yojana
- Mafat Plot Yojna
- Man-Dhan Yojna updates
- Mobile & Technology
- New News
- New Requearment
- New Scheme News
- New Updates
- offer's
- Online land Record
- Pandit Din Dayal Upadhyay Awas Yojana Gujarat
- Payments Apps:
- PM-Kisan Samman Nidhi Yojana
- PM-KISAN Yojana
- PMAY :PRADHAN MANTRI AWAS YOJNA
- Post Office Best Scheme
- Pradhan Mantri Awas Yojana NEWS
- Pradhan Mantri Mudra Yojana
- Pradhan Mantri Suraksha Bima Yojana (PMSBY)
- Prime Yojna News
- Railway new Requearment News
- ROJAGAR TALIM RAGISTION
- RTE Gujarat Admission 2020-21
- SARAKARI YOJANA
- SBI
- School News
- sim news
- talim rojagar ragistratoin 2020
- Today News
- Truecaller is and SMS
- Wallpaper
- What is the base PVC card ?
- WhatsApp Update
- Women & Child Development Department
- YOJANA
- Yojana News
- Yojana Related News
Good News and Infomation Provided, News By Truth: Education and Jobs News, Today News,Govt. scheme, Live News, Result, Jobs, Sarkari OJAS Result,OJAS GPSC, ,OJAS Call Letter, .gpsc.ojas.gujarat.gov.in 2020, Naukri, Ojas Gujarat,ojas jobs updates Gujarat, maru gujarat
File image of GST building. 2020.
.

File image of GST building. 2020
With the return of mismatches, the Central Board of Direct Taxes and Customs took action
Government investigations revealed that new companies were opened overnight to handle the scandal
New Delhi: The Central Board of Direct Taxes and Customs has withheld a tax credit of Rs 40,000 crore. The move has been taken as the return figures are not consistent with around 2000 companies. CBIC Chairman John Joseph said the department of indirect taxes withheld the input credit within 4 hours.

40000 crore input tax credit block of 2000 generations in four hours
Companies are also entitled to credit for tax paid on product input. But the government has taken stringent measures in view of the huge discrepancies in the returns. The Direct Taxes Department has postponed the 400,000 crore input tax credit of an estimated 2000 taxpayers who have a return 'mismatch'. John Joseph, chairman of the Central Board of Direct Taxes, said that in a four-hour process, the 400,000-crore input tax credit of 2000 generations has been blocked. Tax credits have been deferred in a mismatch return intended to be filed or to commit fraud.
Instead of checking the merchant's balance sheet, the entire operation was done based on the available data
Sources said taxpayers are scrambling to get bogus input tax credit. In the first phase, 20 per cent mismatch cases of GSTA-1 and then GSTR-3B returns were investigated by the GST department. Various restrictions have been put in place by the government to prevent bogus input tax credit. Instead of checking merchants' balances, the whole process is being done based on available data.
The objective is to obtain input tax credit based on bogus turnover
The Department of Revenue has been sending statistical data to the state governments, urging them to get corrected if there is a mismatch in the GST return and if there is scam, Government investigations have revealed that new companies were opened overnight to handle the scandal. The objective is to earn input tax credit based on bogus turnover. Forged documents are used for this. Overnight the shutters also fall. For this reason the GST registration process has also been tightened. In some cases it has come out that although the traders had bought the iron scrap, they had paid the garment bills to the exporters and on the basis of which the exporters had filed IGST refund claims. The government has taken stringent action in view of scams as the reason for not expecting GST recovery.
Leakage Information
According to a government official, data analysts regularly examine cases for consistency of the Income Tax Department and GST returns. Statistics were found to be inconsistent.
According to an industry expert, the GST authorities should find out who really is the beneficiary in order to actually recover a false claim. Should catch them.
According to the consultant, there are still many people who are doing this work. The culprits should be traced to them.
Related Posts
Popular Posts
Labels
Advertisement
(7)
Airtel Plan
(2)
All Gujarati News Papers
(2)
Apps
(17)
Ayushman Bharat
(4)
bankinfo
(1)
Best Apps Download
(5)
BPL LIST OF GUJARAT
(2)
Corona Virours
(4)
Cricket News
(1)
Digital Gujarat Online Citizen Service
(1)
Driving license
(1)
Education app
(1)
Educational News
(5)
Free Sewing Machine Scheme News
(3)
Good News
(32)
Good News GOVT SCHEME
(11)
Goverment Yojna
(31)
government's scheme
(12)
Govt jobs
(2)
Gram panchayat news
(1)
GST
(1)
Gujarati Calander 2020.
(1)
Head constabale
(1)
How To Find Vehicle Owner Detail
(1)
ICE Rajkot Weekly Current Affairs
(2)
JOBS
(17)
JObs & Educations
(19)
JOBS AND EDUCATIOIN
(11)
Jobs in Gujarat
(5)
Jobs News
(21)
Kisan Credit Card
(2)
Live Map
(1)
MA Amrutam card Yojana
(2)
Mafat Plot Yojna
(1)
Man-Dhan Yojna updates
(1)
Mobile & Technology
(10)
New News
(5)
New Requearment
(1)
New Scheme News
(4)
New Updates
(4)
offer's
(2)
Online land Record
(1)
Pandit Din Dayal Upadhyay Awas Yojana Gujarat
(2)
Payments Apps:
(1)
PM-Kisan Samman Nidhi Yojana
(2)
PM-KISAN Yojana
(3)
PMAY :PRADHAN MANTRI AWAS YOJNA
(1)
Post Office Best Scheme
(1)
Pradhan Mantri Awas Yojana NEWS
(1)
Pradhan Mantri Mudra Yojana
(1)
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
(1)
Prime Yojna News
(1)
Railway new Requearment News
(2)
ROJAGAR TALIM RAGISTION
(1)
RTE Gujarat Admission 2020-21
(1)
SARAKARI YOJANA
(10)
SBI
(1)
School News
(1)
sim news
(1)
talim rojagar ragistratoin 2020
(1)
Today News
(1)
Truecaller is and SMS
(1)
Wallpaper
(1)
What is the base PVC card ?
(1)
WhatsApp Update
(1)
Women & Child Development Department
(1)
YOJANA
(16)
Yojana News
(10)
Yojana Related News
(6)