Browsing author
Just Before 31st GST Council Meeting which is set to be scheduled on December 22, 2018, Aam Aadmi Party (AAP) has written a letter to the Arun Jaitley, Finance Ministry of India and chairman of GST Council to give some suggestion on the GST.
Currently, the investigation has been done by the tax officials under which the officials have observed that the pharmaceutical companies have claimed the input tax credit (ITC) for free samples being offered by them as a promotional activity.
A big relief for the real estate buyers as they now don’t require to pay GST on completely constructed buildings only those have issued the completion certification at the time of sale said Finance Ministry.
Due to the technical glitches at GSTN Network, E-commerce firms have been facing difficulties to file the details of tax collected at source (TCS) which adversely influencing the working capital of small retailer firms.
The Good and Services tax Council (GST), the Finance Ministry and the Commerce Ministry have received the notification from the Punjab and Haryana High Court to stop providing the benefits of advance authorization scheme to exporters under the Goods and Services Tax (GST) reform.
A big relief to GST assesses particularly for the dealers, as Kerala High Court has recently announced that the petitioners now can make changes if the GST mistakenly paid under the wrong head.
So many cases came in front in the investigation where the commercial vehicle carried the consignment but without the vehicle details on E- Way Bill in Kerala.
The Tax Practitioners and Businessmen have discussed the issue over the slow down of the GSTN portal with the state tax commissioner while filing the GST return on the portal.
To curb the Black Money, the Income Tax Department has started doing investigations on illegal funds and properties stashed abroad by Indians. It has been done through anti-black money drive.