Clipped from: https://www.thehindubusinessline.com/economy/aadhaar-mandatory-for-filing-gst-refund-claim-from-jan-1/article38012584.ece The Aadhaar card is also needed for application for the revocation of cancellation of GST registration From January 1, Aadhaar authentication of registration
Category: GST
New provision from Jan 1: GST officials to make surprise recovery visits | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/new-provision-from-jan-1-gst-officials-to-make-surprise-recovery-visits-121122300046_1.html Those with an annual turnover of up to Rs 5 crore can file quarterly returns, if they choose so Illustration: Ajay Mohanty Come
Taxmen can directly initiate recovery for mismatch in sales in GSTR-1, 3B – The Financial Express
lipped from: https://www.financialexpress.com/economy/taxmen-can-directly-initiate-recovery-for-mismatch-in-sales-in-gstr-1-3b/2387343/ Under the goods and services tax law, so far, show cause notices were first issued and then recovery process was initiated in such
Zomato, Swiggy stare at GST complexities from January 1 – The Financial Express
lipped from: https://www.financialexpress.com/economy/zomato-swiggy-stare-at-gst-complexities-from-january-1/2383694/ According to this circular, invoicing of the above service has been made the responsibility of ECOs. In September 2021 it was announced that
Put in place foolproof IT system, control mechanism to check assessment errors: CAG to CBDT – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/put-in-place-foolproof-it-system-control-mechanism-to-check-assessment-errors-cag-to-cbdt/2385945/ Comptroller and Auditor General of India (CAG), in a report tabled in Parliament, audited 356 high value cases pertaining to Corporation Tax with
‘No recommendation by GST Council to bring petroleum products under GST’ | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/no-recommendation-by-gst-council-to-bring-petroleum-products-under-gst-121122100763_1.html Excise duty on petroleum products is calibrated time to time for generating resources for infrastructure and other developmental items of expenditure: Minister of
GST on online skill games: Onus on the GoM to provide a positive direction – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/gst-on-online-skill-games-onus-on-the-gom-to-provide-a-positive-direction/article37997444.ece GoM’s policy should clearly distinguish between online gaming and lottery or casinos When did you last hear about esports and online gaming training
Rawa Idli Mix to attract GST at 18 per cent, rules Karnataka AAR – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/rawa-idli-mix-to-attract-gst-at-18-per-cent-rules-karnataka-aar/article37990033.ece A representative image – Getty Images/iStockphoto A representative image – Getty Images/iStockphoto× Second ruling in recent times on such products Now, the Karnataka
Food delivery apps should pay GST for supply from both registered, unregistered restaurants – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/news/food-delivery-apps-should-pay-gst-for-supply-from-both-registered-unregistered-restaurants/article37986947.ece Since GST on restaurant services is levied at 5 per cent but without ITC, same principle will be applicable for ECOs. – M_MOORTHY
Goods and Services Tax as an unfinished agenda – The Hindu
Clipped from: https://www.thehindu.com/opinion/lead/goods-and-services-tax-as-an-unfinished-agenda/article37928330.ece Seen purely from a revenue point of view and as a fiscal policy tool, India’s GST is still on a rocky road GST,
Why e-invoicing system has been a roller coaster ride for MSMEs so far – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-why-e-invoicing-system-has-been-a-roller-coaster-ride-for-msmes-so-far/2382412/ Ease of Doing Business for MSMEs: Many medium and small enterprises lack storage arrangements. You can be affected by the lack of storage
Grey areas in GST law – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/grey-areas-in-gst-law/article37886613.ece Poorly drafted, some provisions open to interpretation Normally, a tax law that is into its fifth year should have stabilised. The issues that
GST cuts do not always benefit consumers: Kerala govt study – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gst-cuts-do-not-always-benefit-consumers-kerala-govt-study/article37873925.ece Citing the prices of about 20 goods, the study says that they have become costlier even after reduction in GST rates – istock.com/Nisha
E-way bill generation drops to lowest in 5 months in November – The Financial Express
lipped from: https://www.financialexpress.com/economy/november-e-way-bills-lowest-in-five-months/2383349/ The daily e-way generation was 20.38 lakh in November, down 14% on month compared with 23.71 lakh in October. However, the daily e-way
A GST roadmap – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/a-gst-roadmap/article37810336.ece GST collections will improve with rate rationalisation and a broader tax base The November GST collections at ₹1.31-lakh crore are no doubt comforting;
CBIC clarifies on Import of Sajji Khar/ Pappad Khar–TAXGURU.IN
lipped from: https://taxguru.in/custom-duty/cbic-clarifies-import-sajji-khar-pappad-khar.html?utm_source=feedburner&utm_medium=email Instruction No. 26/2021-Customs F.No. 401/85/2021-Cus-IIIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Indirect Taxes & Customs) North Block, New DelhiDated 1st December,
A GST roadmap – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/a-gst-roadmap/article37810336.ece GST collections will improve with rate rationalisation and a broader tax base The November GST collections at ₹1.31-lakh crore are no doubt comforting;
Summon And Statement Under GST Act, 2017–TAXGURU.IN
Clipped from: https://taxguru.in/goods-and-service-tax/summon-statement-gst-act-2017.html?utm_source=feedburner&utm_medium=email Summons can be defined as a legal document which is served upon a person directing to appear to answer the claims surfaced against
GST Council must realise that lower rates lead to better compliance | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/india-s-gst-council-must-realise-that-lower-rates-lead-to-better-compliance-121112900352_1.html The finance minister, as the Council’s Chairperson, must convince states to bring more items down from the 18 percent and 28 percent slabs.
Kerala HC dissatisfied with reasons for not including petroleum products under GST – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/kerala-hc-dissatisfied-with-reasons-for-not-including-petroleum-products-under-gst/article37790616.ece Directs the Central Board of Direct Taxes and Customs to file a detailed statement after considering the court’s observations A Division Bench of
