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Search results for: Goods and Services Tax

Kerala HC's Judgment for E Waybill Requirement

Kerala HC: No Need of GST E-way Bill If Used PV for Transportation

The Kerala High court discarding the petition held that used personal cars are privileged from the need of the GST e-way bill Get to know about GST E Way bill and its generating process through online and SMS in a simple manner. Also, we have attached original screenshots of official E way bill portal for […]

Latest GST Amendments for Late Fee and Interest on Delayed Payment

Late Fee for GST Returns’ Non-filers & Interest with Recent Amendments

Discipline matters a lot in tax-related issues also. If you are late you have to bear the cost in the form of a penalty. And all possible discrepancies and escalations along with consequent fines are mentioned in the various provisions section 47 and section 50 of the CGST Act 2017. However, recently, the government has […]

Latest Changes in GSTR 9 and GSTR 9C

CBIC Latest Updates for Annual Returns GSTR 9 & GSTR 9C Forms

A short time ago, the Central Board of Indirect Taxes and Customs issued the Central Goods and Services Tax (Sixth Amendment) Rules, 2021 that amended Central Goods and Services Tax Rules, 2017. Various amendments have been made in Rule 80 of CGST Rule pertaining to Annual Return, FORM GSTR-9C and FORM GSTR-9. Here are the […]

GST Collection in July 2021

GST Collection July 2021 Gets 33% Higher Compared to July 2020

The central and state government had accumulated Rs 1.16 trillion in goods and services tax (GST) in July, shows that the consumption had plucked through the ease of mobility limitations. The finance ministry states that this figure covers the revenue collection from 1st July to 31st July. Towards the interest relief for late payment was […]

ITC Matching Process with Books of Accounts Beneath QRMP

GST ITC Matching Process with Book of Accounts for QRMP Scheme Holder

GST PMT 06 has been a popular way of tax-paying in registered taxpayers for one month after bearing in mind the availability of input tax credit completely that may be a straightforward administration on own of the second and third month in which additional input tax credit amount available compared with the tax liability going […]

Madras HC's Order for Careless GST Officials

Madras HC Orders Dept to Take Steps on GST Officials for Revenue Loss

The Honourable Madras High Court has straightforwardly directed the Goods and Services Tax Department to initiate action against those officials who are causing loss of revenue to the State Exchequer. Recently Shri GE Govindaraj, the petitioner had been seeking quashing of a 2012 notice of the Assistant Commissioner in the Arisipalayam Assessment Circle that is […]

New GST Registrants to Fill Bank Details within Time Limit

GSTN: New Registrants Required to Furnish Bank Details within 45 Days on GST Portal

High Alert for New GST Registrants Key and Useful Update for New GST Registrants. The Goods and Services Tax Network (GSTN) has made it legally mandatory for the new GST Registrants Under GST regime, registration is the foremost and the essential step for existing taxpayers as without registration they would not get GSTIN number which […]

GST Impact Financial Statements Accounts Transactions

GST Impact on Financial Statements’ Transactions & Various Accounts

Since July 2017, the One Nation One tax i.e. Goods and Services Tax (GST) has been introduced in India. Apparently, it looks simplified; however, the entire accounting mechanism has been overhauled. Nevertheless, the concept of GST has its own advantages in the long run. As Per the Indian Accounting Standards State-based Registration and Consequent Accounting […]

Gujarat HC's Order for DGGI officers Related to ITC Fraud

Gujarat HC: DGGI Officials Authorized to Issue Writ for Wrongful ITC Claim

Many people may not know that there is a constitutional office of the ‘Directorate General of the Goods and Services Tax Intelligence’. The Gujarat High court has in a recent decree held that DGGI officers are completely empowered to issue the summons to the taxpayers as per the Central Goods and Services Tax Act, 2017 […]

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