Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/top-25000-gst-payers-of-october-yet-to-file-returns-in-november-tax-officers-to-send-reminders/articleshow/79467777.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “Tax officers have been directed to follow up personally with these defaulting taxpayers so that their GSTR-3B returns due for the month get
Category: GST
gst: Gujarat High Court to relook at GST on intermediaries – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/gujarat-high-court-to-relook-at-gst-on-intermediaries/articleshow/78765013.cmsSynopsis The Gujarat High Court in July had held that supply of services by intermediaries outside India is not an export and that 18%
Due date for filing GST annual return for FY19 extended till December 31 – The Hindu BusinessLine
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
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