Many small and medium scale companies were panic-struck upon receiving notices from the Indirect Direct Tax Department.
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Many small and medium scale companies were panic-struck upon receiving notices from the Indirect Direct Tax Department.
The technological fabric of GST intertwined with compliances complexities and multiple-stage taxing has spelt doom for the once flourishing Textile and Powerloom Industry of Surat.
The E-Way Bill introduced under the GST has been a great success and the data proves it. Since inception on April 1, 2018, the total number of E-Way Bills generated sums up to 9 crores 42 lakhs.
Around 70% of the total 1.1 crores registered businesses have been filing regular returns within the deadline, confirmed GSTN CEO Prakash Kumar.
The GST Council committee has announced all the decisions taken in the 28th GST council meeting which are very significant issues of the GST.
India doing well in the ease of doing business criteria means an increase in foreign investments but India’s domestic industries are still getting at ease with GST.
In a major relief provided by the CBIC, the agency has now allowed the PAN submission of exporters for the GST refund clearance in case any refund is held up due to the mismatch of any details such as GSTIN printed on return forms or shipping bills.
Registered transports are in big benefits due to the implementation of GST e way bill as there are certain benefits to get the goods transported through a registered transporter.
In a bid to give relief to the transporter over the issues related to the GST e way bill, the Allahabad high court had given statement according to which there is no need to carry a hard copy of a GST e way bill along with the goods.