Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The retrospective cancellation of Goods and Service Tax (GST) registration has been set aside by the Delhi High Court as of ceasing the business. Mechanically the registration could not be cancelled with retrospective effect. The same could be cancelled only when the proper officer considers it appropriate to perform. The same satisfaction could not be […]
The Delhi High Court during witnessing the dispute for the principal place of business concerning canceling the registration mandated the applicant to file a detailed response to Show Cause Notice (SCN). The applicant, Deep Plastic Granules Trading Company filed the writ petition against the order of canceling the GST registration of the applicant for the […]
The Delhi High Court revised the GST Cancellation order to the limited extent that registration will now be deemed as cancelled wef 01.10.2019 i.e., the date when the applicant applied for GST registration cancellation. The applicant surrendered the GST Registration due to a loss in business. The applicant M/s Veetrag Traders contested the order in […]
GST council has sent notices to numerous businesses for the peculiarities in their claimed input tax credit (ITC). It arrives post-investigation of the ITC through these firms, which revealed differences between their annual returns. Under Section 150 of the CGST Act of 2017, the notices were issued that needed the assesses to provide a detailed […]
The upcoming Union Budget for the fiscal year 2024-25 might introduce measures to alleviate the minimum threshold, adjust input tax credit, and revise GST rates on insurance products, aiming to facilitate smoother business operations. Nevertheless, Finance Minister Nirmala Sitharaman is likely to refrain from significant alterations to the GST rates due to the presentation of […]
In the hope of bringing user-friendly changes to taxpayers and reducing litigation related to indirect taxes, the Center is considering allowing taxpayers to file revised Goods and Services Tax (GST) returns. For income tax filers this provision is already available. Right now, you can’t submit revised returns under GST, only small changes in invoice details […]
The occurrence of online fraud related to GST payments has witnessed a surge. Cybercriminals are employing tactics like phone calls, SMS, and emails to deceive individuals into downloading GST payment challans. However, once the person clicks on the provided link, their bank account may be drained of funds completely. In response to these incidents, the […]
MSMEs benefit from GST registration by gaining access to credit and business loans, according to a notification from the Goods and Services Tax Department. In the Government of India, the Ministry of Micro, Small, and Medium Enterprises (MSMEs) holds the highest authority in formulating and administering rules, regulations, and legislation for micro, small, and medium […]
What is GST Compliance? In the ever-changing world of taxation, businesses face different kinds of barriers to ensuring adherence to Goods and Services Tax (GST) regulations. GST, a comprehensive indirect tax imposed on the provision of goods and services, has become a fundamental aspect of financial operations worldwide. This article delves into the fundamentals of […]
