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
Category: GST
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
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
