Finally, it is suggested that the annual GST return form will be able to help the revenue department to find out any possible tax leakage and will keep an eye on all the financial transactions of the taxpayers.
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Finally, it is suggested that the annual GST return form will be able to help the revenue department to find out any possible tax leakage and will keep an eye on all the financial transactions of the taxpayers.
The input credit returns for all businesses could now be easily claimed. The GST return process has been simplified by the central government by the introduction of GSTR-2A form.
India is a land for spiritualism. While religion in India has been a major political demarcation point, its economic viability is not unknown to many.
After the decision of introducing and full implementation of GST in India for the Businesses, however big or small, near about 1,800 businesses which were earlier registered under VAT and service tax regime have taken initiative and have applied for their migration to the GST system in the latest migration window.
Any resistance offered by an individual to IT department raids over tax evasions may result in prison time for the concerned person under scrutiny.
IGST is levied on the interstate supply of goods and services as well as Indian imports and exports. Exports are zero-rated under the IGST Act.
As the construction of joint development agreement based properties grows in West Bengal, the Calcutta High Court expects to see a flood of suits being filed about the uncertainty of the goods and services tax applicability on these supplies.
Twitter, a microblogging site, has had its fair share of promoters and negators. Those in favour see it as an ideal platform for reaching out to millions of people, customers, as well as clients.
As the GST collection is not as per the government prospect, revenue secretary Hasmukh Adhia is working towards ways to enhance the tax influx.