Author: harjinder1991

The enforcement wing Samba of the State Taxes Department has imposed penalty of more than Rs 2 crore in GST related violations during the Financial Year 2023-24.

Deputy Commissioner, State Taxes Enforcement (Samba), Jammu, Sanjay Gupta informed that the enforcement wing, Jammu south having jurisdiction in districts of Samba, Rajouri and Poonch witnessed an increase of 53.65% in penalty recovered from tax offenders over the last FY in 254 cases of different violations intercepted under the GST Act/Rules. Further, number of e-way bills verified by the enforcement wing also stood at 2,84,433 in FY 23-24 which was 47.2% more than the previous year.

He stated that enforcement teams have increased their probity in scrutinizing the documents required to be carried during movement of goods in transit under section 68 and rule 138 of the GST Act/Rules. Gupta further informed that the enforcement teams are conducting round the clock surveillance and patrolling of highways and major points. He said J&K has witnessed a substantial growth in GST collections in FY 2023-24 surpassing the national average reflecting the impact of our enforcement activities.

“In a bid to increase the tax base, Enforcement drives and inspections of businesses were also carried out in Samba, Rajouri and Poonch to identify taxpayers who had crossed threshold for obtaining compulsory registration required under the GST Act. Several business entities were identified and notices were served upon them as per relevant provisions of the GST Act,” he added.

He informed that since January 2024, the enforcement has also been actively undertaking field enforcement and surveillance activities with a focus on intercepting violations in view of the upcoming general elections to Lok Sabha. “The department is actively conducting enforcement drives round the clock in this regard and penalty to the tune of Rs 22,42,340 has been recovered from seized goods valuing Rs 62,24,722 since January 2024,” he added.

Source from: https://gulistannewstv.com/deptt-imposes-penalty-of-over-rs-2-crore-in-gst-related-violations/

The enforcement wing Samba of the State Taxes Department has imposed penalty of more than Rs 2 crore in GST related violations during the Financial Year 2023-24.

Deputy Commissioner, State Taxes Enforcement (Samba), Jammu, Sanjay Gupta informed that the enforcement wing, Jammu south having jurisdiction in districts of Samba, Rajouri and Poonch witnessed an increase of 53.65% in penalty recovered from tax offenders over the last FY in 254 cases of different violations intercepted under the GST Act/Rules. Further, number of e-way bills verified by the enforcement wing also stood at 2,84,433 in FY 23-24 which was 47.2% more than the previous year.

He stated that enforcement teams have increased their probity in scrutinizing the documents required to be carried during movement of goods in transit under section 68 and rule 138 of the GST Act/Rules. Gupta further informed that the enforcement teams are conducting round the clock surveillance and patrolling of highways and major points. He said J&K has witnessed a substantial growth in GST collections in FY 2023-24 surpassing the national average reflecting the impact of our enforcement activities.

“In a bid to increase the tax base, Enforcement drives and inspections of businesses were also carried out in Samba, Rajouri and Poonch to identify taxpayers who had crossed threshold for obtaining compulsory registration required under the GST Act. Several business entities were identified and notices were served upon them as per relevant provisions of the GST Act,” he added.

He informed that since January 2024, the enforcement has also been actively undertaking field enforcement and surveillance activities with a focus on intercepting violations in view of the upcoming general elections to Lok Sabha. “The department is actively conducting enforcement drives round the clock in this regard and penalty to the tune of Rs 22,42,340 has been recovered from seized goods valuing Rs 62,24,722 since January 2024,” he added.

Source from: https://gulistannewstv.com/deptt-imposes-penalty-of-over-rs-2-crore-in-gst-related-violations/

The enforcement wing Samba of the State Taxes Department has imposed penalty of more than Rs 2 crore in GST related violations during the Financial Year 2023-24.

Deputy Commissioner, State Taxes Enforcement (Samba), Jammu, Sanjay Gupta informed that the enforcement wing, Jammu south having jurisdiction in districts of Samba, Rajouri and Poonch witnessed an increase of 53.65% in penalty recovered from tax offenders over the last FY in 254 cases of different violations intercepted under the GST Act/Rules. Further, number of e-way bills verified by the enforcement wing also stood at 2,84,433 in FY 23-24 which was 47.2% more than the previous year.

He stated that enforcement teams have increased their probity in scrutinizing the documents required to be carried during movement of goods in transit under section 68 and rule 138 of the GST Act/Rules. Gupta further informed that the enforcement teams are conducting round the clock surveillance and patrolling of highways and major points. He said J&K has witnessed a substantial growth in GST collections in FY 2023-24 surpassing the national average reflecting the impact of our enforcement activities.

“In a bid to increase the tax base, Enforcement drives and inspections of businesses were also carried out in Samba, Rajouri and Poonch to identify taxpayers who had crossed threshold for obtaining compulsory registration required under the GST Act. Several business entities were identified and notices were served upon them as per relevant provisions of the GST Act,” he added.

He informed that since January 2024, the enforcement has also been actively undertaking field enforcement and surveillance activities with a focus on intercepting violations in view of the upcoming general elections to Lok Sabha. “The department is actively conducting enforcement drives round the clock in this regard and penalty to the tune of Rs 22,42,340 has been recovered from seized goods valuing Rs 62,24,722 since January 2024,” he added.

Source from: https://gulistannewstv.com/deptt-imposes-penalty-of-over-rs-2-crore-in-gst-related-violations/

The enforcement wing Samba of the State Taxes Department has imposed penalty of more than Rs 2 crore in GST related violations during the Financial Year 2023-24.

Deputy Commissioner, State Taxes Enforcement (Samba), Jammu, Sanjay Gupta informed that the enforcement wing, Jammu south having jurisdiction in districts of Samba, Rajouri and Poonch witnessed an increase of 53.65% in penalty recovered from tax offenders over the last FY in 254 cases of different violations intercepted under the GST Act/Rules. Further, number of e-way bills verified by the enforcement wing also stood at 2,84,433 in FY 23-24 which was 47.2% more than the previous year.

He stated that enforcement teams have increased their probity in scrutinizing the documents required to be carried during movement of goods in transit under section 68 and rule 138 of the GST Act/Rules. Gupta further informed that the enforcement teams are conducting round the clock surveillance and patrolling of highways and major points. He said J&K has witnessed a substantial growth in GST collections in FY 2023-24 surpassing the national average reflecting the impact of our enforcement activities.

“In a bid to increase the tax base, Enforcement drives and inspections of businesses were also carried out in Samba, Rajouri and Poonch to identify taxpayers who had crossed threshold for obtaining compulsory registration required under the GST Act. Several business entities were identified and notices were served upon them as per relevant provisions of the GST Act,” he added.

He informed that since January 2024, the enforcement has also been actively undertaking field enforcement and surveillance activities with a focus on intercepting violations in view of the upcoming general elections to Lok Sabha. “The department is actively conducting enforcement drives round the clock in this regard and penalty to the tune of Rs 22,42,340 has been recovered from seized goods valuing Rs 62,24,722 since January 2024,” he added.

Source from: https://gulistannewstv.com/deptt-imposes-penalty-of-over-rs-2-crore-in-gst-related-violations/

The Ministry of MSME vide S.O. 4926 (E) dated October 18, 2022 has notified that in case of an upward change in terms of investment in plant and machinery or equipment or turnover or both, and consequent re-classification, an enterprise shall continue to avail of all non-tax benefits of category it was in before the re-classification, for a period of three years from the date of the such upward change.

This decision has been taken after due deliberations with MSME stakeholders and is in line with the Aatma Nirbhar Bharat Abhiyan. The Ministry of MSME, Government of India, has allowed those registered MSMEs to continue to avail of non-tax benefits for three years, instead of one year, in case of upward graduation in their category and consequent reclassification. Non-tax benefits include benefits of various schemes of the Government, including Public Procurement Policy, Delayed Payments, etc.

For Complete Notification click here

The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1869091

Recorded GST Course on:

Scrutiny Notices, Assessment, Audit, Inspection, Search, Seizure and Arrest under GST (September, 2022) by CA. Bimal Jain

4 Day | 4 Session | 12 Hours

2,999/- (Inclusive of GST)

Register Now !!

https://www.a2ztaxcorp.in/product/gst-course-new/

For details, or any queries, 

Call us at: 8076563802, 011 42427056 or E-Mail us at: info@a2ztaxcorp.com, intern@a2ztaxcorp.com or Visit: www.a2ztaxcorp.in

The Ministry of MSME vide S.O. 4926 (E) dated October 18, 2022 has notified that in case of an upward change in terms of investment in plant and machinery or equipment or turnover or both, and consequent re-classification, an enterprise shall continue to avail of all non-tax benefits of category it was in before the re-classification, for a period of three years from the date of the such upward change.

This decision has been taken after due deliberations with MSME stakeholders and is in line with the Aatma Nirbhar Bharat Abhiyan. The Ministry of MSME, Government of India, has allowed those registered MSMEs to continue to avail of non-tax benefits for three years, instead of one year, in case of upward graduation in their category and consequent reclassification. Non-tax benefits include benefits of various schemes of the Government, including Public Procurement Policy, Delayed Payments, etc.

For Complete Notification click here

The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1869091

Recorded GST Course on:

Scrutiny Notices, Assessment, Audit, Inspection, Search, Seizure and Arrest under GST (September, 2022) by CA. Bimal Jain

4 Day | 4 Session | 12 Hours

2,999/- (Inclusive of GST)

Register Now !!

https://www.a2ztaxcorp.in/product/gst-course-new/

For details, or any queries, 

Call us at: 8076563802, 011 42427056 or E-Mail us at: info@a2ztaxcorp.com, intern@a2ztaxcorp.com or Visit: www.a2ztaxcorp.in

The Ministry of MSME vide S.O. 4926 (E) dated October 18, 2022 has notified that in case of an upward change in terms of investment in plant and machinery or equipment or turnover or both, and consequent re-classification, an enterprise shall continue to avail of all non-tax benefits of category it was in before the re-classification, for a period of three years from the date of the such upward change.

This decision has been taken after due deliberations with MSME stakeholders and is in line with the Aatma Nirbhar Bharat Abhiyan. The Ministry of MSME, Government of India, has allowed those registered MSMEs to continue to avail of non-tax benefits for three years, instead of one year, in case of upward graduation in their category and consequent reclassification. Non-tax benefits include benefits of various schemes of the Government, including Public Procurement Policy, Delayed Payments, etc.

For Complete Notification click here

The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1869091

Recorded GST Course on:

Scrutiny Notices, Assessment, Audit, Inspection, Search, Seizure and Arrest under GST (September, 2022) by CA. Bimal Jain

4 Day | 4 Session | 12 Hours

2,999/- (Inclusive of GST)

Register Now !!

https://www.a2ztaxcorp.in/product/gst-course-new/

For details, or any queries, 

Call us at: 8076563802, 011 42427056 or E-Mail us at: info@a2ztaxcorp.com, intern@a2ztaxcorp.com or Visit: www.a2ztaxcorp.in

The Ministry of MSME vide S.O. 4926 (E) dated October 18, 2022 has notified that in case of an upward change in terms of investment in plant and machinery or equipment or turnover or both, and consequent re-classification, an enterprise shall continue to avail of all non-tax benefits of category it was in before the re-classification, for a period of three years from the date of the such upward change.

This decision has been taken after due deliberations with MSME stakeholders and is in line with the Aatma Nirbhar Bharat Abhiyan. The Ministry of MSME, Government of India, has allowed those registered MSMEs to continue to avail of non-tax benefits for three years, instead of one year, in case of upward graduation in their category and consequent reclassification. Non-tax benefits include benefits of various schemes of the Government, including Public Procurement Policy, Delayed Payments, etc.

For Complete Notification click here

The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1869091

Recorded GST Course on:

Scrutiny Notices, Assessment, Audit, Inspection, Search, Seizure and Arrest under GST (September, 2022) by CA. Bimal Jain

4 Day | 4 Session | 12 Hours

2,999/- (Inclusive of GST)

Register Now !!

https://www.a2ztaxcorp.in/product/gst-course-new/

For details, or any queries, 

Call us at: 8076563802, 011 42427056 or E-Mail us at: info@a2ztaxcorp.com, intern@a2ztaxcorp.com or Visit: www.a2ztaxcorp.in