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The CBIC stated on Monday that there was no suggestion before the government to decrease the threshold for the required creation of e-invoices beginning January 01st 2023. Businesses having revenue of Rs 10 crore or more are already required to create electronic invoices for all B2B transactions. At this time, there is no suggestion well […]
The Income Tax Appellate Tribunal (ITAT), Kolkata bench refused the revisional order issued under section 263 of the Income Tax Act, 1961, not specifying the Document Identification Number (DIN), violative of the circular furnished via the Central Board of Direct Taxes (CBDT) in 2019. The taxpayer, Mr. Mahesh Kumar Surekhahas take part in the validity […]
E-way bill generation would have spotted a surge in the month of March in the current year, directing to the record-high GST collection Electronic permits for transporting goods within and across states (e-way bills) have attained the highest record of over 84 million in the month of September, which shows the growth of the economy […]
The government is proposing a system to provide the summons to the high management of companies or arrest via GST council between the rising things about arbitrariness and harassment. It secures a rise in the summons to the higher management of companies by the GST council needs the CFOs or CXOs to be essentially present […]
The Central Board of Indirect Taxes and Customs (CBIC) decided to conduct the meetings through the officials of state tax administrations in the country to surge GST collections mentioned in an official discussion. A similar meet has formerly been conducted in Karnataka towards the revenue boost plan along with that to find out the areas […]
The government is thinking about the proposal on the concession of tax on the vehicles that are bought after scrapping old vehicles beneath the launched national automobile Scrappage Policy, Union Minister Nitin Gadkari. Final Call by FinMin, GST Council Beneath the national automobile scrappage policy, the union government mentioned that the states and the Union […]
Those people who have the money in the cash ledger to furnish the GST will be able to avail their money post 2 years of the date of filing the tax, the action which makes the flow of cash easier for the businesses. As in the present times, the taxpayers are not able to avail […]
Chief Minister Basavaraj Bommai, who manages the Group of Ministers on Goods and Services Tax (GST), chaired a meeting on the cost of rationalization and the methods towards revenue augmentation. GoM furnished the report in the month. It specified in the discussion that the virtual meet runs for 4 hours on Friday. Under the date, […]
An Easy System of Implementing the Business for MSMEs The Confederation of All India Traders (CAIT) inside the communication to chief ministers of all the states shown that the cause of the significant delay of the GST by the “big e-commerce companies by artificially reducing the prices of the goods sold at their e-commerce platform […]
