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A piece of very exciting news coming for all the GST exporters in the country. The government has announced a single-window facility for processing GST refunds to the exporters. With the help of this new GST refund system, the government will issue both the Central and State GST refunds parallelly to exporters via a single […]
The government has recently extended the deadline of annual return filing under the Goods and Service Tax (GST). This is the fourth occasion when the government has made the extension decision for the due date of return filing under GST. On this matter, various GST experts have said that even the new date, i.e., November […]
In a recent ruling, the Authority for Advance Rulings (AAR-GST), Kerala, has announced that a GST registration can not be denied by those who are working from shared office spaces. However, the shared working spaces in which they are working should be demarcated with a different desk number. This particular response has been given by […]
Several changes have been made to the CGST Act, which will benefit the taxpayers in terms of ensuring compliance. The recent update in the different sections of the CSGT Act is related to the tax payments and interest, which will ease out the process of GST return filing View the full comparison report between old […]
Recently the government announced that the indirect tax dispute resolution scheme which was discussed in the budget session will be coming from 1st September and will be live till 31st December. As per the statement released, “Government expects the scheme to be availed by a large number of taxpayers for closing their pending disputes relating […]
In the Rajya Sabha, the Hon’ble Union Home Minister Sh. Amit Shah has passed a resolution to amend the Article 370 of the Indian constitution that offers ‘privileges of special autonomous status’ to the State of Jammu & Kashmir. By making amendments in Article 370, the special state right of Jammu & Kashmir has been […]
Good news coming up for the Mahindra and Mahindra (M&M) vehicle lovers in India. The company has just announced that it will decrease the price of e-Verito by up to INR 80,000 to pass the benefit of reduced GST on electric vehicles to the customers. The CEO of Mahindra Electric, Mahesh Babu, said, “Mahindra will […]
Questioning the functionality of GST Governance, on-chair Uttarakhand chief minister Trivendra Singh Rawat said that the prevailing model of indirect tax reform has directed the state to the path of financial losses. The CM demanded from the centre to compensate for the state’s loss. Proclaiming the fact that Uttarakhand is a manufacturing state and not […]
Recently, the central government has announced that it is looking for the options to pre-empt GST dodging by taxpayers based on their risk profile. The motive behind this initiative from the government is to prevent the tax evasion under Goods and Services Tax (GST). The assessee, whose profile would appear as “risky” under this scheme […]