Clipped from: https://www.business-standard.com/article/economy-policy/businesses-can-now-self-certify-gst-returns-instead-of-mandatory-ca-audit-121080100227_1.html GST taxpayers with a turnover of over Rs 5 crore can now self-certify their annual return, instead of a mandatory audit certification by
Category: GST
GST annual return: FinMin notifies self-certification for reconciliation statement – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/gst-annual-return-finmin-notifies-self-certification-for-reconciliation-statement/article35650619.ece New norm will come into effect from August 1 GST assesses can breathe easy as Finance Ministry has notified changes in the GST
No service tax on amount paid to employees deployed from a company outside India–taxguru.in
Clipped from: https://taxguru.in/goods-and-service-tax/service-tax-amount-paid-employees-deployed-company-india.html Imasen Manufacturing India Private Limited Vs. Assistant Commissioner (Commissioner Appeals, CGST, Jaipur) In M/s Imasen Manufacturing India Private Limited vs. Assistant Commissioner, CGST Division-E,
MSME – Investment limits, Registration, Benefits & role on Indian Economy–taxguru.in
Clipped from: https://taxguru.in/corporate-law/msme-investment-limits-registration-benefits-role-indian-economy.html Micro, Small & Medium Enterprises (MSME) The concept of Micro, Small and Medium Enterprises (MSME) was first introduced in India in the year
The curious case of Credit Notes under GST–taxguru.in
Clipped from: https://taxguru.in/goods-and-service-tax/curious-case-credit-notes-gst.html There is no denying that GST was meant to be an easy law, easy to comprehend and easy to understand. With four years
Registration under GST – Simplified–taxguru.in
Clipped from: https://taxguru.in/goods-and-service-tax/registration-gst-simplified.html Article discusses Section 22 Person liable for Registration, Section 23 Person Not Liable for Registration, Section 24 Compulsory Registration, Section 25 Procedure for
GST – Input Tax Credit – Let us refresh the basics–taxguru.in
Clipped from: https://taxguru.in/goods-and-service-tax/gst-input-tax-credit-refresh-basics.html GST has completed four years and during this four year we have seen many complex issues such as inverted duty structure, 2-2A reconciliation,
GST – Input Tax Credit – Let us refresh the basics–taxguru.in
Clipped from: https://taxguru.in/goods-and-service-tax/gst-input-tax-credit-refresh-basics.html GST has completed four years and during this four year we have seen many complex issues such as inverted duty structure, 2-2A reconciliation,
Tax evasion cannot be presumed merely based on e-way bill expiry–taxguru.in
Clipped from: https://taxguru.in/goods-and-service-tax/tax-evasion-presumed-based-e-way-bill-expiry.html The Hon’ble Telangana High Court in Satyam Shivam Papers Pvt. Ltd. v. Assistant Commissioner ST & Ors. [Writ Petition No. 9688 of 2020 dated June
E-way bill generation likely to exceed 5 crore in July – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/e-way-bill-generation-likely-to-exceed-5-crore-again-in-july/article35603694.ece This will get reflected in GST collection The e-way bill generation is set to cross five crore-mark in July, but it is still
Revenue dept agrees to correct duty inversion in textiles, but GST Council defers matter – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/policy/revenue-dept-agrees-to-correct-duty-inversion-in-textiles-but-gst-council-defers-matter/article35608324.ece No study conducted to know impact of non-uniform GST rates on raw materials, says MoS Textiles The Revenue Department has informed that an
GST officials arrest Delhi-based businessman for passing on fake ITC of Rs 128 cr – BusinessToday
Clipped from: https://www.businesstoday.in/latest/economy/story/gst-officials-arrest-delhi-based-businessman-for-passing-on-fake-itc-of-rs-128-cr-302344-2021-07-25 The accused had set up six firms with an intention of passing on the fake ITC to multiple beneficiaries, an official of the
GST e-way bill generation gathers momentum in July – The Financial Express
Clipped from: https://www.financialexpress.com/economy/gst-e-way-bill-generation-gathers-momentum-in-july/2298183/ Average daily e-way bill generation was 20.2 lakh in the week ended July 25, compared with 20.4 lakh in preceding week and 19.24
Papad is papad, irrespective of size and shape, rules Gujarat AAR – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/papad-will-be-papad-even-if-there-is-change-in-shape-and-size/article35559891.ece GST not to be applicable Papad appears to be flavour of the season for Gujarat’s Authority of Advance Rulings (GAAR) whose latest ruling
DGGI detects Rs 278 crore GST evasion in railway purchases since July 2017 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/dggi-detects-rs-278-crore-gst-evasion-in-railway-purchases-since-july-2017-121072701505_1.htmlIllustration: Ajay Mohanty The Directorate General of GST Intelligence (DGGI) has detected tax evasion worth Rs 278 crore by bidders who were awarded railway tenders since
SME Chatroom: Destruction of goods warrants reversal of input tax credit | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/sme-chatroom-destruction-of-goods-warrants-reversal-of-input-tax-credit-121072601028_1.html Submit copies of correspondence with the buyer to the bank explaining the reasons for the inward remittance Since you are getting payment against
GST e-way bill generation gathers momentum in July – The Financial Express
Clipped from: https://www.financialexpress.com/economy/gst-e-way-bill-generation-gathers-momentum-in-july/2298183/ Average daily e-way bill generation was 20.2 lakh in the week ended July 25, compared with 20.4 lakh in preceding week and 19.24
Rationalise Customs duty | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rationalise-customs-duty-121072700009_1.html Besides removing exemptions, overall simplification is necessary In the 2021 Union Budget earlier this year, Union Finance Minister Nirmala Sitharaman announced that hundreds of exemptions
Govt must cut number of slabs in Customs duty | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/govt-must-cut-number-of-slabs-in-customs-duty-121072600027_1.html The finance ministry has made a good beginning by reviewing the exemptions with intent to eliminate them The finance ministry has taken up a review
GST: End hibernation on dispute resolution – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/gst-end-hibernation-on-dispute-resolution/2297352/ The GST Council must evolve the rules for adjudication in time, lest a solution on resolving disputes itself becomes dispute-ridden The clock is
