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The net GST revenue received in November month 2020 is Rs 1,04,963 cr where CGST comprises Rs 19,189 crore, SGST settled Rs 25,540 crore, IGST comprises Rs 51,992 crore along with Rs 22,078 crores received on import of goods and Cess is Rs 8,242crore as well as Rs 809 crores collected on import of goods. […]
A physical clarification is to be conducted for business premises that have to be granted deemed GST enrollment amid 21st August and November 16 so as to make sure that the business running by them is real. The CBIC has told that those people whose Aadhar card number has not been authenticated will not be […]
While the setback hit the market of multinational giant Procter & Gamble, the Anti-profiteering body of GST on Thursday seeks that the company of profiteering. P&G has told to give the amount of INR 241.5 cr. P&G in turn clarifies to the claims that they had followed all the legal options and works under the […]
On Tuesday the Finance Secretary Ajay Bhushan Pandey and CBIC Chairman M Ajit Kumar talked with zonal chiefs to examine if there is any GST (Goods and Services Tax) theft and stop it. “Finance Secretary, Chairman CBIC and Board Members held a Video Conference with Zonal Chiefs. Discussions centered on ongoing anti-evasion measures and action […]
The term revocation states the reversal where the goods and service tax GST application for the revocation inside the Form GST REG-21 signifies that the reversal of cancellation of GST enrolment. The assessee is the only person to whom the proper officer cancels the GST registration, which will be applied for reversal of the denial […]
The proper officer gives the Form GST REG-20 order which drops the cancellation of GST registration. Under Act 22(4) of the Central Goods and Services Tax Rules, 2017 an issuance of an order in form GST REG-20 is regulated. This article specifies the grounding of revocation proceedings by the proper officer replying through the assessee […]
The central board of indirect taxes and customs (CBIC) on Tuesday signifies that GST e-invoicing is important for several businesses particularly for those whose turnover is more than Rs 100 cr from January 1, 2021. Prior to it, the set limit was the turnover of Rs 500 cr. “In exercise of the powers conferred by […]
The National Anti-Profiteering Authority (NAA) in a matter found Infiniti Retail guilty for not providing GST rate reduction benefits to the DSLR Camera and Power Banks buyer. In this matter, M. Shriniwas is the applicant, and he alleged profiteering by the Respondent Infiniti Retail Pvt. Ltd. in respect of DSLR Cameras and Power Banks supplied […]
GST Authorities keep taxpayers and other institutions up-to-date with the schedule, due dates, amendments, and tax rates by releasing the Notification, Notices, and circulars. To stay up-to-date with everything taxpayers have to wander here and there and search for the specific GST notification. To make things easier for everyone, we are collecting all such notifications […]
