Clipped from: https://taxguru.in/income-tax/composition-scheme-gst-small-taxpayers.html Introduction The GST Composition Scheme was created to make GST payment easy for MSME businesses and simplify GST return filing. Small taxpayers can
Category: GST
Granting of personal hearing before submission of reply is against principles of natural justice
Clipped from: https://taxguru.in/goods-and-service-tax/granting-personal-hearing-before-submission-reply-is-against-principles-natural-justice.html Shree Shyam Granites and Marbles Vs Assistant Commissioner (ST) (FAC) ( Madras High Court) Madras High Court held that granting of personal hearing
🙏🙏Personal Hearing to be granted only after receipt of reply and where contemplation of adverse decision against petitioner: Madras HC
Clipped from: https://www.taxscan.in/personal-hearing-to-be-granted-only-after-receipt-of-reply-and-where-contemplation-of-adverse-decision-against-petitioner-madras-hc-read-order/254939/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Personal%20Hearing%20to%20be%20granted%20only%20after%20receipt%20of%20reply%20and%20where%20contemplation%20of%20adverse%20decision%20against%20petitioner:%20Madras%20HC In a recent decision the Madras High Court observed that personal hearing to be granted only after receipt of reply and where contemplation
👍DGGI issues Summons against 16 Insurance Companies for Alleged Fraudulent GST ITC Claims
Clipped from: https://www.taxscan.in/dggi-issues-summons-against-16-insurance-companies-for-alleged-fraudulent-gst-itc-claims/257473/ The Directorate General of GST Intelligence (DGGI) has launched an investigation into over 16 insurance companies for fraudulent Input Tax Credit (ITC) claims. The department
👍Difference in Date of Dispatch and Date Assessment Order: Madras HC quashes Assessment Order
Read More: https://www.taxscan.in/difference-in-date-of-dispatch-and-date-assessment-order-madras-hc-quashes-assessment-order-read-order/257115/ Clipped from: https://www.taxscan.in/difference-in-date-of-dispatch-and-date-assessment-order-madras-hc-quashes-assessment-order-read-order/257115/ The Madras High Court quashed assessment order as there was difference in date of dispatch and date assessment order. The petitioner
Listen–How does it impact you if petrol is -taxed under GST? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/multimedia/audio/how-does-it-impact-you-if-petrol-is-taxed-under-gst/article66532850.ece In this podcast, Richa Mishra explains the impact of taxing petrol and diesel under GST. Finance Minister Nirmala Sitharaman recently, said that petroleum
Next phase for GST | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/next-phase-for-gst-123021900891_1.html Appellate tribunal will improve business environment The Goods and Services Tax (GST) Council in its 49th meeting took an important step towards establishing
👍👍GST Tribunal: Principal bench to decide on inter-state supply | The Financial Express
Clipped from: https://www.financialexpress.com/economy/gst-tribunal-principal-bench-to-decide-on-inter-state-supply/2986075/ No threshold has been set for hearing of matters but it is likely to be done based on internal limits, as in the
👍GST Council sets the ball rolling on Appellate Tribunal, but with some tweaks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gst-council-sets-the-ball-rolling-on-appellate-tribunal-but-with-some-tweaks/article66525973.ece It is expected that the Tribunal will be in place by the year end Finance Minister Nirmala Sitharaman addressing a press conference on
👍👍👍*Complexities in GST rules and amendments making it difficult for MSMEs to navigate: Amit Mitra – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/complexities-in-gst-rules-and-amendments-making-it-difficult-for-msmes-to-navigate-amit-mitra/article66520703.ece Unable to cope with regulatory structure, complicated compliances and potential penalties, MSMEs are on the verge of becoming informal again, he said File
👍GST Council likely to decide on common audit manual for Centre, states | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/common-gst-audit-manual-for-centre-states-likely-at-council-meet-on-sat-123021700977_1.html GST Council may take up today expert panel’s proposal to avoid multiplicity of audits by central, state authorities The Goods and Services Tax (GST) Council
👍👍👍*[Tax on Gaming]The right bet on taxation? | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-right-bet-on-taxation/2983970/ Budget FY24 provisions on taxing the winnings in online games impose a large cost on gaming companies, in the form of a heavy
👍India looks to tap mom-and-pop stores to boost tax base – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/india-looks-to-tap-mom-and-pop-stores-to-boost-tax-base/articleshow/97986669.cms Synopsis The GST – which subsumed a host of state and federal levies when it was introduced in 2017 – requires businesses with
👍Govt. likely to place reverse charging of GST on scrap before Council – The Hindu
Clipped from: https://www.thehindu.com/business/govt-likely-to-place-reverse-charging-of-gst-on-scrap-before-council/article66517820.ece Industry flags difficulties arising from non-compliance by informal sector scrap dealers to Revenue Secretary; official signals govt. may broaden scope to include non-metallic
👍CBIC says won’t object to a petitioner going to HC in absence of GSTAT | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/cbic-says-won-t-object-to-taxpayers-going-to-hc-in-absence-of-gstat-123021300423_1.html CBIC says it would like to withdraw earlier plea in matter relating to dispute over refund of a company The Central Board of
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