Powerd By SAG INFOTECH
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N K Singh, Chairman, of Fifteen Finance Commission, mentioned that the concern about the effective operation of the GST council could be repeated in the other sectors of the Indian economy, such as agriculture, the social sector, and the economy with digital links. The participation of the Indian states is essential to meet India’s net […]
Particularly in the rise of medical cases during and post-pandemic, the insurance sector was in demand. Experts see that the 18% GST is higher on health and term insurance and the same must be reduced. Much more people shall take health and term insurance for their medical security if the government cancels the 18% GST […]
The Gujarat High Court specified only e-way bill expiry does not show an intent to evade taxes. The division bench of Justice Sonia Gokani and Justice Mauna M. Bhatt, on the basis of the goods the detention was concerned with the expiration of the GST e-way bill number, which lapses in the transit, the same […]
GST portal has made a new utility in relief to assess to drop the proceedings for the suspension of registration on the GST portal and cancel the registration suspension. Latest Update 18th January 2023 09th December 2022 GST Tech on Twitter (@Infosys_GSTN) wrote that from now the assessee could execute Drop the GST Registration cancellation […]
GST council could take the problem of circular trading in its forthcoming meeting. The council would be anticipated to discuss the report on the decriminalization of crimes beneath the GST statute. Circular trading directed to bogus claims of ITC via traders through providing the invoices with no carrying of the real goods or services. Bombay […]
The government of Goa rendered all of its departments to rework the infrastructure project cost via computing the GST at 18% in between the withdrawal of the concessional rate of 12% for the contracts of the government. The finance department has circulated a notice to all state departments and agencies. The same mentioned that the […]
Chartered accountant Kirti Joshi, former chairman of the Indore Branch of The Institute of Chartered Accountants (ICAI) held, there would be a total of 19 tables in GSTR-9 that would be essential to opt for the proper care during filing. For the case in which the turnover of the dealer would exceed Rs 5 cr, […]
The department would have initiated providing the notices and asking for the details by comparing the information shown in GSTR 9/9C Vs GSTR 3B. Acknowledging distinct amendments in the GST law in the recent former time. The article discusses furnishing transparency on annual returns (Form GSTR 9) filing and reconciliation statement (Form GSTR 9C) including […]
Post executing revision in section 37(4) of the Central GST Act, 2017, the GST department has executed providing late fees for defaulters of GSTR-1. According to section 37(4), an enrolled individual will not be permitted to file information on the outward supplies under sub-section (1) for a tax duration when the information on outward supplies […]
