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It is speculated that the simplified GST return filing form is in the last stage for the rollout which was earlier discussed in the GST council meeting held in July last year. The new GST returns filing form will require the taxpayer to file only single return form in a month, while for the case […]
The CBIC (Central Board of Indirect Taxes and Customs) has said that 12 per cent of GST must be paid by the home buyers compulsorily and this is only for those who have to give the amount to the builder and whose housing project got the completion certificate before 1st April 2019. The CBIC issued […]
The revenue department has come with a new step to facilitate the GST refunds to the Exporters and suppliers of goods and services to SEZ units. For this, they have automated the process to quicken the refund accompanied with accuracy. Now there will be no personal interaction as the whole process of claim settlement has […]
Manufacturing date and Expiry date play a very important role while buying a product because it shows when the product was manufactured and when it is going to be expired. Almost everyone checks the expiry date of the product let that be household products or medicines. The Medicines or Drugs are sold in a process […]
Currently, there is a turbulence in the minds of car dealers, as the tax authorities are not leaving any stone unturned to curb the government’s revenue loss. Time has arrived for the car dealers to be investigated by the Indirect Tax authorities. The surveillance is all about the discounts and freebies offered by major car […]
In a recent decision based on concern for the real estate sector, the government has now extended the time limit to finally opt for the new rate applicable on under construction house till 20th May 2019 The government has applied new GST rates for the under-construction flats and the home buyers do not have any […]
What is GST E-Invoice System? GST e-invoice is the introduction of the digital invoice for goods and services provided by the business firm generated at the government GST portal. The concept of a GST e-invoice generation system has been taken into consideration for the reduction in GST evasion. The GST officers have come to a […]
Recently, the IT system has been refined to restrict the GST non -filers from generating e-way bills. To weaken the tax evasion practices this institutive step has been taken which prevents the Business – consignor, consignee, transporter, e-commerce operator or a courier agency, who have not filed the GST returns for the stipulated time period […]
Telangana State Waqf Board recently gets a GST notice from the office of the Principal Commissioner of GST asking for the 12.5 per cent GST on the waqf occupied properties rental income. There is an overwhelming number of waqf properties in the state and most of them are been allotted to the leased shops and […]
