Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Some states have achieved great success collecting record GST revenue. Madhya Pradesh, Karnataka, and Uttar Pradesh have reported the highest growth rate in GST revenue. The growth is marked in the first four months of the current fiscal year compared to the same period of time in the previous fiscal year. In the mentioned states, […]
The Goods and Services Tax (GST) Council, the federal indirect tax agency, has been urged to address the challenges faced by small enterprises and combat GST fraud. Amit Mitra, the principal chief advisor to West Bengal Chief Minister Mamata Banerjee, has written a letter to Union Finance Minister and GST Council Chairperson Nirmala Sitharaman, expressing […]
Businesses are in dilemma responding to increasing GST notices from different state departments, as most companies handle taxation issues centrally. Especially service-based businesses face barriers to differentiation as per each state. These letters from various states request specific documents and representations as part of tax scrutiny. Furthermore, the frequency of such notices has dramatically increased […]
A show cause notice should comprise the foundation of the case laid on which the action would be important, ruled by the Allahabad High Court. The taxpayer would have the remedy to file answers/objections toward the related authorities in case the show cause notice is sufficient. There would be two major needs of the principles […]
Union Finance Minister of State, Pankaj Chaudhary shared data in the Parliament during the monsoon session where at least 58 cases of Goods and Services Tax (GST) invoices have been found to be registered fraudulently in Chandigarh in the past five years. Replying to a question asked in the Loksabha, Chaudhary said that the authorities […]
The Assam Goods and Services Tax (GST) Department, on 7th July, issued a circular to combat fraudulent registrations and tax evasion. They now require individuals or organisations to provide a valid rental agreement or lease deed when registering for GST. The department discovered that several dishonest people and organisations were obtaining GST registration by submitting […]
The Bombay High Court took a case for cognizance on Monday regarding the use of coercive actions by GST authorities to collect taxes from taxpayers. The respondents argued in court that tax payments have already been paid voluntarily, and the court confirmed that the petitioner can ask for a refund if they have already paid […]
Last week, the Government included the Goods and Services Tax Network (GSTN), an IT branch that manages the GST Portal, with several agencies including the Financial Unit (FIU), an authority under the Prevention of Money Laundering Act (PMLA), to share information with. According to the list, the FIU, a national agency for receiving, processing, and […]
As per the notification issued on July 7, the government has included the Goods and Services Tax Network (GSTN) within the Prevention of Money Laundering Act (PMLA). The Finance Ministry’s recent notice has changed a previous notification from 2006, making it simpler for the GSTN, the Enforcement Directorate, and other investigative agencies to exchange information. […]
