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Refunds of many importers have got cemented due to the fact that refunds are not subject to the self-assessment of the transactions, as explained by the income tax department while declining the reimbursement.
Tax department officers want to take GST from subsidiaries for using the logo and trademark of their parent companies.
Supply of goods and services or both under GST Law is Taxable. If there is no supply than no GST levied on it.
The Income Tax department has highlighted the fact that people are showing bogus documents to claim ITR falsely and also there is an increment in cases where people are displaying less income then what they actually earned to evade tax.
The Goods and Services Tax department has uncovered a scam of Rs 230 crore in Tamil Nadu.
The Gujarat high court has brought lightning news for all the exporter after scratching the deep down legitimacy of a provision under the goods and services tax (GST) that restrains the use of advance authorisation licenses.
Altered financial planning and targets for FY 2019 still aspires for changes in tax collection practice and rather make it more desirous, especially for GST as per the Goldman Sachs Economics Research.
GST is an interesting challenge for CAG Comptroller & Auditor General of India (CAG) because where it has brought unfavourable circumstances to work on large quaternions, it simultaneously offers an easy and one station access to all the data needed for a full-fledged audit.
Shipping industry under GST regime has suffered a lot and to understand this we may further try to reach the reason. GST has given many positive results but just at International level while domestic ones have not witnessed any advantage.