The Central Board of Indirect Taxes and Customs (CBIC) has asked its field formations to collect about Rs 46,000 crore as interest on delayed payment
Category: GST
Every penny counts as GST officers send demand notices to companies | Business Standard News
Rs 5.9858630140000004! This is not a figure from an S Ramanujan-G H Hardy conversation but a demand notice given by tax officials to a company
Undue haste to collect GST interest – The Hindu BusinessLine
Tax officials should wait until all the States pass the necessary amendment on interest on GST delays Even as the Finance Ministry is attempting to
subramanian swamy: GST “biggest madness of the 21st century”: Subramanian Swamy – The Economic Times
Hyderabad: Describing India’s latest tax reform GST as “the biggest madness of the 21st century,” BJP leader and Rajya Sabha MP Subramanian Swamy on Wednesday
tax news: Faceless tax assessment system prone to errors: HC – The Economic Times
Mumbai: The Madras High Court in a recent order has opined that the faceless tax-assessment system “can lead to erroneous assessment, if officers are not
Why a simplified tax regime is the need of the hour – The Economic Times
Tax rules must be clear-cut if the government wants to lower tax arrears. Listed companies have no incentive really to hide their income, given that
Organised jewellery movers have gained from demonetisation, GST – The Hindu BusinessLine
Organised jewellery logistics traders (movers of gems and jewellery) have struck gold post demonetisation if their recent growth trends are anything to go by. Also,
HC stays penalty notice on Johnson and Johnson for ‘profiteering’ on sale of sanitary napkins – The Economic Times
NEW DELHI: The Delhi High Court Tuesday stayed a show cause notice for penalty by the National Anti-Profiteering Authority (NAPA) to Johnson and Johnson Pvt Ltd for allegedly resorting
GST filing: New GST filing format, e-invoicing to help in ease of doing biz, reporting for taxes: GSTN CEO – The Economic Times
NEW DELHI: GST Network CEO Prakash Kumar on Friday said e-invoicing and the new format for filing GST will help improve the ease of doing business and reporting for the indirect
Expand scope of reverse charge–Economic Times
The Central Board of Indirect Taxes and Customs (CBIC) reportedly wants its field officers to recover Rs 46,000 crore of unpaid interest on delayed goods
Payment to states delayed due to low realisation of GST compensation cess: FM Nirmala Sitharaman – The Financial Express
Finance Minister Nirmala Sitharaman on Wednesday said the inadequate realisation of GST compensation cess is delaying the payment to states and that the Centre was
Do SMEs, startups need GST registration? Eligibility, exemption, key things to know before applying – The Financial Express
By Tanvi Loond All supplies of goods or services or both attract Goods and Services Tax (GST) at specified rates. In order to understand the requirement
GST annual return: SC stays extension of filing date on Centre’s petition | Business News,The Indian Express
The stay order was passed pursuant to Mehta’s submissions that only Rs 200 per day was being charged for the filing of late returns and
Revenue department’s crackdown on GST evaders: Traders to mandatorily declare GSTIN in documents from Feb 15 – The Financial Express
EY Tax Partner Abhishek Jain said the requirement to provide GSTIN in bill of entry/shipping bill will help plug GST revenue leakage and ensure that
GST’s ‘inverted’ logic on refunds – The Hindu BusinessLine
Denying refund on service inputs that go into a product and permitting refund only on the non-service component forces one to question the concept of
GST evasion: Centre, state tax officers to share taxpayers information to tighten enforcement – The Economic Times
NEW DELHI: Central and state tax officers will share information about taxpayers for enforcement action as the government looks to tighten enforcement measures to check GST
GST Date Extension | GST Due Date: GSTR-9 & GSTR-9C filing due date extended till February 12 by Rajasthan HC–Economic Times
The due dates for GSTR9 and 9C has been extended twice in a week. In a ruling that will have far reaching impact, the Rajasthan High
CBIC extends due dates for filing GSTR-9 and GSTR-9C to February 5 and 7–Business Today
GSTR-9, GSTR-9C filing dates: The Central Board of Indirect Taxes & Customs (CBIC) took to Twitter on Monday to announce the new dates for for
What can GST Council do to augment tax collection; these are the key trends to watch out for–Business Today
This year’s GST collection has been below the budgeted amounts, which may lead to a significant shortfall in the collection Goods and Service Tax (GST) was
Govt plans GST lottery offers of Rs 10 lakh-Rs 1 cr for encouraging customers to ask for bills – The Financial Express
The GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state counterparts, would vet the proposed lottery scheme. The government is planning to introduce
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