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
Category: GST
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
Don’t worry, GST collection would pick up soon; here’s why too many changes can be avoided – The Financial Express
Goods and services tax (GST) collection crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of
Budget 2020: Fraudulently availing GST input credit void of invoice non-bailable, cognizable offence | Business News,The Indian Express
In a move which would further tighten the noose on those committing frauds under the Goods and Services Tax (GST) regime, the Union Budget for 2020-21 has
Penalties for false entries and fake invoicing: IT Act to be amended – The Economic Times
NEW DELHI: The Union Budget has proposed to levy penalties on taxpayers who manipulate their accounts via false entries and fake invoicing to claim input
GST: CBIC extends GSTR-9 and GSTR-9C filing dates in a staggered manner – The Economic Times
On a day when the Economic Survey acknowledged the fact that both GST system is complex, taxpayers found it impossible to file their returns. The
Budget 2020: The focus is on simplifying GST and preventing evasion | Business Standard News
Budget 2020 was crucial in view of the juxtaposition of two contrasting situations in the current economic scenario, namely the government’s endeavour to make India
Govt raises turnover threshold for audit of MSME accounts to Rs 5 cr – The Hindu BusinessLine
The government on Saturday unveiled measures aimed at facilitating growth of the country’s micro, small and medium enterprises including raising the turnover threshold for audit
Budget: Vivad se Vishwas will help close pending litigation – The Hindu BusinessLine
The Finance Minister announced a legacy dispute resolution scheme for direct taxes, as widely expected. The Vivad se Vishwas Scheme, follows the Sabka Vishwas Scheme
Taxmen flag two cases of fraud in Delhi amid crackdown on fake invoicing – The Economic Times
NEW DELHI: In the ongoing crackdown on fake invoicing and availing input tax credit fraudulently on a national level, the Delhi North Commissionerate detected two
Government blocks Rs 40,000 crore GST claims on returns mismatch – The Economic Times
NEW DELHI: The Central Board of Indirect Taxes and Customs (CBIC) has frozen tax credits of around Rs 40,000 crore as the returns did not
Just one out of 4 assessees has submitted GST audit conciliation report so far for FY18 – The Hindu BusinessLine
Last date for filing FY annual return is January 31 Three out of four Goods & Services Tax (GST) assessees have yet to submit audit
Your company’s GST refund might be blocked; operations may be investigated – The Financial Express
More than 2,000 companies are under the Income Tax Department scanner for reporting inaccurate GST returns. Prime Minister Narendra Modi’s Sabka Vikas Yojana is received
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