Clipped from: https://www.thehindubusinessline.com/economy/due-date-for-filing-gst-annual-return-for-fy19-extended-till-december-31/article32936212.ece?homepage=true Goods & Services Tax (GST) assesses will have some relief as the Finance Ministry on Saturday had again extended the date for filing
Category: GST
GST: Trading of fake invoices unearthed, reveals Rs 52.19-cr fraud in input tax credit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/gst-trading-of-fake-invoices-unearthed-reveals-rs-5219-cr-fraud-in-input-tax-credit/article32940608.ece?homepage=true The Pune zonal unit of the Directorate-General of GST Intelligence (DGGI) has unearthed trading of fake invoices and arrested one person in this
How a CA aspirant pulled off Rs 50 crore GST input tax credit fraud–business today
Clipped from: https://www.businesstoday.in/latest/trends/how-a-ca-aspirant-pulled-off-rs-50-crore-gst-input-tax-credit-fraud/story/419795.html The kingpin of this racket is said to be Prince Manish Kumar Khatri, a third-year student and a partner in a Chartered Accountancy
GST officials bust racket for availing Rs 50 cr illegal ITC; 1 arrested – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/gst-officials-bust-racket-for-availing-rs-50-cr-illegal-itc-1-arrested/articleshow/78828820.cmsSynopsis Prince Manish Kumar Khatri, a third-year student and a partner of a CA firm in Ahmedabad, allegedly registered fake firms that were used
Liaisoning services by branch of foreign firm to attract GST: Karnataka AAR | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/liaisoning-services-by-branch-of-foreign-firm-to-attract-gst-karnataka-aar-120102101235_1.html The order came in a case related to business and promotion activities by the Bangalore-based branch office of a company, the head office
FM does the right thing, states need to do the same – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/fm-does-the-right-thing-states-need-to-do-the-same/2109495/ If states don’t revisit the 14% revenue-growth guarantee, the compensation issue will be repeated again next year In all the feuding between the
GST–Bridge the gap | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/bridge-the-gap-120101800943_1.html Centre’s decision to borrow doesn’t fully address the GST issue The Union government’s decision to borrow and on-lend to the states to cover
An incomplete solution: The Hindu Editorial on Centre borrowing for States to meet GST shortfall – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/an-incomplete-solution-the-hindu-editorial-on-centre-borrowing-for-states-to-meet-gst-shortfall/article32887686.ece The Centre must assure States on the timeline for payment of the GST compensation due The past week witnessed some forward, albeit inexplicably
Baby steps in GST – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/sweeter-gst-offer-to-states-and-relaxed-filing-norms-for-small-units-are-welcome-steps/article32784927.ece Sweeter GST offer to States and relaxed filing norms for small units are welcome steps The GST Council’s Monday meeting was able to
On GST, a breakthrough | HT Editorial – editorials – Hindustan Times
Clipped from: https://www.hindustantimes.com/editorials/on-gst-a-breakthrough-ht-editorial/story-rIQFe9wjPU3Qhn54R96JgL.html The Centre has done well by revising its position. It will help build trust with states Hindustan TimesIndia needs to spend its way
Eligibility to prepare e-invoice under GST based on PAN, says expert | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/eligibility-to-prepare-e-invoice-under-gst-based-on-pan-says-expert-120092101238_1.html One have to prepare e-invoice for all your supplies with effect from October 1, 2020, expert suggests Rule 48 (4) of CGST Rules,
GST laws review: Focus on decriminalising offences and wider use of compounding provisions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/gst-laws-review-focus-on-decriminalising-offences-and-wider-use-of-compounding-provisions/articleshow/77975863.cmsSynopsis The government is evaluating removal of clauses in the law that provide officers powers to arrest taxpayers suspected of evasion. New Delhi: The
View: States should get the GST revenue that Jaitley had promised – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-states-should-get-gst-revenue-that-jaitley-promised/articleshow/77957737.cmsSynopsis Finance minister Nirmala Sitharaman has offered a one-sided deal that the states have rejected furiously with accusations of betrayal. She should return to
AAAR allows input tax credit on purchase/fabrication of cash-carry vans – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Cash does not attract GST, but a cash van does. After a long legal battle, an Appellate Authority for AAR (AAAR) has ruled
‘Second level verification of new GST registrants welcome’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com But Kerala GST Department needs to be cautious, says expert The move of the Goods and Services Tax Department, Kerala, to adopt second
Anti-profiteering amid Covid-19 – The Financial Express
Clipped from: https://www.financialexpress.com In Covid-19 times, it would be imperative that the authorities account for business factors before giving any decision on ‘profiteering’ It is indeed
Anti-profiteering amid Covid-19 – The Financial Express
Clipped from: https://www.financialexpress.com In Covid-19 times, it would be imperative that the authorities account for business factors before giving any decision on ‘profiteering’ It is indeed
Centralised AAAR put on fast track – The Economic Times
Clipped from: https://economictimes.indiatimes.com Centralised AAAR put on fast track Officials said the key issue of allowing all taxpayers to approach the centralised authority and not just
Kerala becomes the first State to adopt second level verification for new GST registrations – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Move to curb benami registrations and claiming of fake input tax credit In an effort to curb ‘benami’ businesses under the Goods and
GST evasion caught: Rs 105 cr tax fraud in yet another cigarette smuggling case; more recovery expected – The Financial Express
Clipped from: https://www.financialexpress.com The GST intelligence officials have detected tax evasion of Rs 105 crore in a year by a cigarette manufacturer in Indore. After the
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