GST NEWS BULLETIN

New date of submission of applications for scrip-based FTP schemes

The DGFT has amended Para 3.13A of the FTP vide Notification No. 53/2015-2020 dated February 1, 2022, to extend the last date of submitting applications for script-based schemes under MEIS, SEIS, ROSCTL, ROSL, and 2% additional ad hoc incentive to 28.02.2022.

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Anti-Evasion drive of CGST Navi Mumbai Commissionerate busts fake ITC racket of Rs. 10.68 Crore

A team of officers of Anti-Evasion under CGST, Navi Mumbai conducted an inquiry against the proprietor of M/s. Navnit Steels (GSTIN: 27AEXPD3871K1ZV) on Wednesday (February 2, 2022). The firm has engaged in availing and utilizing fraudulent Input Tax Credit (ITC) on the bogus invoices of Rs 60 Crore, thereby defrauding the government exchequer.

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The GST Authority cannot detain goods in transportation for non-payment of tax by another party in the supply chain

The Hon’ble Punjab and Haryana High Court in M/s. Shiv Enterprises v. the State of Punjab and others [CWP-18392-2021 dated February 04, 2022]

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