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The Central Board of Indirect Taxes and Customs (CBIC) has announced Standard Operating Procedure (SOP) in order to scrutinise GST returns for FY 2019-20 onwards via releasing guidelines. Attention is drawn to Instruction No. 02/2022-GST, dated March 22, 2022, which provides a Standard Operating Procedure (SOP) for the scrutiny of returns filed for the fiscal […]
18% Goods and Services Tax (GST) is applicable on Electrical works contracts accomplished to the government corporations the Telangana Bench of J. Laxminarayana and B. Raghu Kiran, IRS of Authority for Advance Ruling (AAR) stated. The applicant, M/s. Sealwel Corporation Private Limited has the business of executing ‘works contracts’ as described under Section 2(119) of […]
Nearly 10,000 bogus GST registrations have been fetched by the central and state goods and services tax officials in the initial week of the joint drive. The officials would have performed a door-to-door physical verification of addresses prior to executing any action. On May 15 the campaign against the bogus invoices and registration would get […]
On Wednesday, Sanjay Kumar Agarwal, a member of the CBIC, stated that additional efforts are required to get a solution for fake GST input tax credit (ITC) generators from the system in order to stop tax evasion and boost GST collection. He said that the government has taken a number of measures to deal with […]
The framework for the amnesty program for one-time settlement of tax defaults committed in Punjab in the pre-Goods and Services Tax (GST) system has been approved by a subcommittee of the Punjab Cabinet. The government is prepared to introduce a one-time settlement (OTS) program aimed at exceeding 44,000 people and enterprises who have fallen behind […]
For filing the explanation on the due queries that the Goods and Services Tax authorities have refused, a Single Bench of Madras High Court permitted an extension of 30 days to Exide Industries in a recent ruling. The bench of Justice P.B. Balaji, the impugned orders would not discuss the extension cause of time at […]
The Goods and Services Tax Network, called GSTN, incorporated a convenient feature that permits the users to recover the Invoice Reference Number (IRN) despite the same was not initially saved for an invoice, credit note, or debit note. If you see that you are in the condition in which you have failed to save the […]
The GST Department has introduced a new feature and issued an advisory regarding the viewing of Aadhaar Authentication Status, downloading e-KYC documents for new registration applications, and uploading e-KYC documents in the PV Report of the CBIC ACES Goods and Services Tax Application. The Office of the Principal Additional Director General of Systems & Data […]
The Goods and Services Tax Department has extended its investigation against some insurance companies on the belief that they are involved in the wrongful availment of the Input Tax Credit (ITC). The Director General of GST Intelligence (DGGI) is expected to issue show cause notices to 10 more insurers soon, taking the number of firms […]
