GST Network has started sharing with tax officers data on mismatch in summary and final returns filed by businesses, as well as those who have
Category: GST
GST leading to hawala transaction, input tax credit black money: Amit Mitra | Business Standard News
West Bengal Finance Minister Amit Mitra Tuesday said the GST is leading to hawala transactions as businesses are claiming input tax credit and authorities are not matching those claims with invoices. Stating that Goods
The new GST test | Business Standard Editorials
The recently concluded elections in five states will likely show their first impact on policymaking when the Goods and Services Tax (GST) Council meets on December 22. The Council
Food processors’ body GST relaxation on agriculture products processed at primary level – The Financial Express
The GST council meeting is scheduled on December 22. Ahead of the GST council meeting, the food processors’ association AIFPA on Monday demanded tax on
‘IGST paid on imported inputs is excluded in definition of duty drawback’ | Business Standard News
We have used some imported duty paid goods in the manufacture of export product. We have not taken input tax credit of the IGST paid on the
Multi-state GST, Input Tax Credit fraud worth Rs 2 billion detected | Business Standard News
The Central Goods and Service Tax (CGST) department has detected a fraud of Goods and Service Tax (GST) and Input Tax Credit (ITC) in the metal scrap
Arranging pandits via portal to conduct puja? Pay GST – The Hindu BusinessLine
Services offered for facilitating puja or abhishek by a priest will attract the Goods & Services Tax (GST), according to Maharashtra’s Authority for Advance Ruling (AAR-MAHA). It also made
‘Cars bought in one State, but transported to another will require no e-Way bill’ – The Hindu BusinessLine
The two-judge division Bench of the Kerala High Court has said in an order that private vehicles bought in other States, but transported to Kerala,
With more clarity on GST, buyers may go for completed properties – The Hindu BusinessLine
Garima Singh The government has cleared the air on the applicability of the Goods and Services Tax (GST) for buildings and ready-to-move-in flats, say real
Your neighbourhood sweet shop could become a restaurant to dodge GST – The Economic Times
What could possibly be the difference between a cake shop with two tables and four chairs and another without the furniture? Well, according to the
Sale of flats after issue of completion certificate not to attract GST: FinMin – The Economic Times
The ministry also asked the builders to reduce the prices of properties by passing on the benefit of lower GST rate. The finance ministry Saturday
Government extends GST annual return filing date to March 31, 2019 – The Economic Times
As per the GST Rules, various forms have been prescribed for the purpose of return, depending upon the categories of the tax payers. Days before
J&J distributor found guilty of profiteering after GST rate cut – The Economic Times
The case before the Profiteering Authority states that the distributor had hiked the base price of two products after the GST Council slashed tax in
GST: Refund issues play havoc on exporters’ bottomline in post-GST era, seek relief from Delhi HC–Economic Times
Earlier this year too, exporters had flagged off concerns over the limitations on getting the Advanced Authorisation licenses in the post GST era. Exporters are
GST: Key points for first ever filing of GST Annual returns–Economic Times
By Archit Gupta The Central Board of Indirect tax and Customs (CBIC) has issued the format of annual returns under the Goods and Service Tax
GST-mukt Bharat, anyone? | Business Standard Column
On the 11th of this month, we will get to know the Assembly election results in five states. But there are three of them —
Get real on GST | Business Standard Editorials
The Union government has exuded confidence in meeting the target for collections of the goods and services tax (GST) for the current financial year. However, the numbers so far
Simplified GST return forms to be rolled out from April 1: Revenue Secretary – The Economic Times
The new simplified GST return forms will be rolled out from April 1, 2019, Revenue Secretary Ajay Bhushan Pandey said Tuesday. He exuded confidence that the government will achieve
GST: Keeping it simple: Reconciliation of GST data in 5 steps
By Archit Gupta Reconciliation under Goods & Services Tax (GST) is about matching the data filed by the supplier with those of the recipients and
Credit to small businesses up five-fold to Rs 1.23 trn post GST: SBI report | Business Standard News
Economists at the country’s largest lender, SBI, on Tuesday termed concerns on credit supply to small businesses as a “myth” and said the sector has
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