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Traders have been given notices by the Goods and Services Tax Department for issuing incorrect or fake invoices. These notices are based on data from the Mera Bill Mera Adhikar Scheme. The Central Board of Indirect Taxes and Customs (CIBIC) started this scheme to encourage the habit of creating bills and invoices during buying and […]
The Assam GST Department released Instruction No. 13/2023-GST on December 26, 2023. This instruction is about the notices that were sent out using IIT Big Data Software.Notice No. CT/GST-40/2020/108 is about the IIT Big Data Software that the Assam Tax Department has bought to make their work easier. This software can automatically create notices (in […]
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 […]
Enterprise application development platform has evolved with the introduction of an innovative solution known as the Enterprise Low-Code Application Platform. This platform empowers organizations to rapidly develop and deploy custom applications by minimizing or replacing the traditional coding requirements. It offers low-code capabilities, leveraging model-driven or graphical programming approaches with scripting, to facilitate the development […]
Since it will be mandatory for GST taxpayers with turnover of ₹5-₹10 crore to issue e-invoices from 01 August, GSTN has enabled e-invoicing for eligible taxpayers on all IRP portals. Taxpayers can now check their eligibility status on the e-Invoice portal here: https://einvoice.gst.gov.in. This step has been taken to make such taxpayers familiar with the […]
The finance ministry has issued a notification dated May 24, 2023, in line with the budget 2023 proposal, to announce an increased ceiling for the encashment of earned leave exempt from income tax. This change will be implemented from April 1, 2023. Following the powers granted by sub-clause (ii) of clause (10AA) of section 10 […]
The Gujarat Appellate Authority for Advance Ruling (GAAAR) ruled that the provider of manpower services to the federal, state, or local governments shall not be eligible for a GST exemption. The court ruled that the applicant’s employees, who work in security, housekeeping, cleaning, data entry, etc., for numerous government agencies, do not satisfy the requirements […]
The Central Board of Indirect Taxes and Customs (CBIC) published a thorough explanation on submitting information regarding the reversal ITC and ineligible ITC as well in August 2022. State GST authorities have asked assessees to furnish true and proper details of ineligible Input Tax Credits (ITC) and reversals. This is significant since the GST return […]
Instructions regarding the process for initiating action against non-GST returns filers under the TNGST Act, 2017 have been issued by The Tamil Nadu GST Department. The proper officer will proceed to determine the registered person’s tax due under section 62 if the registered person fails to file the GST return under section 39 even after […]