Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Payments on the Goods and Services Tax (GST) Portal using IndusInd Bank Account credentials have been enabled by the Goods and Services Tax Network ( GSTN ). The Goods and Services Tax ( GST ) portal on January 5, 2024, was enabled with an updated feature. Through the mode of debit or credit card via […]
Nestle India and Asian Paints have joined the growing list of fast-moving consumer goods (FMCG) companies that have been sent tax notices for differences in the payment of Goods and Services Tax (GST) for the financial year 2017-18. Nestle India announced on Tuesday through an exchange filing that a tax demand notice of Rs 15.01 […]
The goods and services tax (GST) authorities are currently scrutinizing the shipping industry for unpaid integrated GST (IGST) on ocean freight in the past. Additionally, investigations are underway regarding certain ocean liners that have been recording operational expenses under their foreign head offices instead of local branch offices. The Directorate General of GST Intelligence is […]
Reliance General Insurance, a subsidiary of Reliance Capital, has been served with multiple show-cause notices by the Directorate General of GST Intelligence (DGGI), totalling ₹922.58 crore. These notices include four separate claims requiring GST payments of ₹478.84 crores, ₹359.70 crores, ₹78.66 crores, and ₹5.38 crore respectively. The liabilities are concerning revenue generated from services such […]
The Central Board of Indirect Taxes and Customs (CBIC) dated September 30, 2023, has provided the Circular No. 24/2023-Customs, informing the circular about the implementation of Section 16(4) of the Integrated Goods and Services Tax (IGST) Act. This circular pertains to restrictions on the export of specific goods with IGST payment obligations and their inclusion […]
The late payment of Tax collection at source (TCS) and Goods and Services Tax (GST) does not constitute a penalty and should, in fact, be eligible for deduction under Section 37 of the Income Tax Act, 1961, the Jaipur bench of the Income Tax Appellate Tribunal (ITAT) recently ruled. The taxpayer involved in this case […]
The last date for Goods and Transport Agencies to utilise the option of paying GST on an advance charge basis for the current FY to May 31 by the Government. The option of collecting and paying GST on a forward charge basis is available to goods transport companies under the GST system. However, if they […]
The department or Proper Officer has no authority under section 70 of the Goods and Service Tax Act, 2017 to summon of Party to stop all Payments related to GST, ruled by the Andhra Pradesh High Court. Sri Sai Balaji Associates, the applicant contested the notice under Section 70 (1) of GST Act, 2017 furnished […]
The AP Chambers of Commerce and Industry Federation (APCCIF) urged Nirmala Sitharaman, Union finance minister, to announce a plan to cut compliance costs and lower business costs, which would increase exports. APCCIF president Pydah Krishna Prasad provided feedback and recommendations for the Union Budget 2023–24 in a letter to the Finance Minister. The federation demanded, […]
