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The Goods and Service Tax Network (GSTN) has made possible the new Invoice Furnishing Facility (IFF) process on the Goods and Service Tax (GST) Portal. For every month the quarterly GSTR-1 taxpayers can opt to upload the invoices through the Invoice furnishing facility (IFF). A quarterly GSTR-1 taxpayer is a small assessee who has only […]
Under Section 70 of CGST Act, 2017 Allahabad High Court discharging the appeal permitted for the collateral inquiry hearing through the GST council security with the hearing under section 6(2)(b). The applicant is the owner of G.K.Trading Company who provides that the investigation is been initiated through the Deputy Commissioner (SIB), Ghaziabad, in the business […]
The Himachal Pradesh High Court ruled that the Provisional Attachment Order will not be challenged via Writ Petition. Below Section 74 of Himachal Pradesh Goods and Services Tax Act, 2017 and the Central Goods and Services Tax Act, 2017 Get the brief introduction of SGST, IGST and CGST. We have mentioned their full forms, meanings […]
Myth 01: The bigger number of the assessee will be influenced by the rule. Fact: For several privileges such as exporters, suppliers of goods of inverted duty structure, assesses who have a footstep in the Income Tax database, etc. it is thought that this rule will be applied to only 0.5% of the total assesses […]
Seeking protective data analytics through the firms, the government has initiated a restriction to the GST evasions where 7000 entities were actioned upon and arrested 187, it is a campaign to float the tax collection said Ajay Bhushan Pandey Finance Secretary. In December 2020 the net GST collection was Rs 1.15 lakh cr which was […]
The due date for filing the yearly returns (GSTR 9 & 9C Form) of the goods and services tax (GST) 2019-20 is prolonged by the government by 2 months post demand of the interval sought by the companies on the basis of difficulties in compliance and interruptions because of coronavirus. Current Due Date for GST […]
The Kerala Appellate Authority of Advance Ruling (AAAR) ruled that no acknowledged rate of 12% GST relevant for work engagement services supplied to the Kerala State Electricity Board. According to the given order, the implementation of civil works of Pazhassi Sagar Small Hydroelectric project to the petitioner, R.S. Development and Construction Pvt. Ltd. the Kerala […]
The central government has inserted a rule to prevent fraud from claiming an input tax credit under the GST. Now, businesses having a monthly turnover above ₹ 50 lakh will require to pay at least 1% of their GST in cash. Latest Changes for New Rule Under 86B of CGST Act Recently there was a […]
GST enrollment will be done for the individual only on the grounds of the verification. So to reduce the bogus GST invoices the government has notified the recommendations of the law committee of the GST department. There are four objectives that the law committee has been notified such as stiffening of the confirmation process for […]
