Commissioners of Income Tax to admit belated applications of Form 9A and Form 10

Circular No.6 /2020  F.No.197/55/2018-ITA-I  Government of India  Ministry of Finance  Department of Revenue  Central Board of Direct Taxes  New Delhi, the 19 February, 2020  Sub: Condonation of delay under section I 1 9(2)(b) of the Income-tax Act, 1961 in filing of Return of Income for A.Y 2016-17, 2017-18, and 2018-19 and Form No.9A and Form No. 10.-Reg.[…]

GSTR-3B filing crosses 60 lakhs

Today is the last date of filing of GSTR-3B for taxpayers across India who have an aggregate turnover of more than 5 crores in FY 18-19. The GST Tech tweeted that so far 60.89 lakhs GSTR-3B have been filed. Till Feb 19 total 54.36 lakhs GSTR-3B had been filed. courtesy https://www.caclubindia.com/ Read more at: https://www.caclubindia.com/news/gstr-3b-filing-crosses-60-lakhs-18060.asp

CGST wing detects Input Tax Credit fraud of more than Rs 214 crores in Delhi

The Anti Evasion wing of CGST Delhi South Commissionerate has detected a case of Input Tax credit fraud through fake invoices issued by bogus firms. Investigations led to discovering the accused had also been generating bogus e-way bills to back the fake invoices. Over 35 entities are involved in the bogus transactions, involving fake invoicing to the[…]