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All the assessee whose average turnover is upto Rs 5cr will need to provide an option to file their Form GSTR-1 statement and Form GSTR-3B from 1st Jan 2021 on the quarterly grounds. They have a choice to furnish B2B invoice information in the Invoice furnishing facility (IFF) for months 1 and 2 (eg. Jan […]

The Centre’s indirect tax exchequer surged by more than 12 percent to Rs 10.71 trillion in 2020-21 (FY 21) in comparison to Rs 9.54 trillion in the previous year although Goods and Services Tax (GST) exchequer lessened by 8 percent. The Think Tank of the industry attributed the increase in indirect tax revenue to “shoot […]

Madras high court while remitting the problem back to the adjudicating council held that the personal hearing to the assesses should be before the refusal of GST enrollment. The applicant is the owner of the Tvl. Vectra Computer Solutions has enrolled themselves when the help commissioner files him. The applicant furnishes the returns beneath the […]

The Federation of Trade Associations of Pune urged the Goods and Services Tax officials to ask for a postponement in tax furnishing due to the closing down of the shops as of the covid-19 restrictions. The Federation of Trade Associations of Pune (FTAP) also asks for relief from the average reading charged in the written […]

Recently, The Orissa High Court has directed the Commissioner, GST to give clear instructions to all the tax officers for “no more notices to be sent to practising advocates” for imposing services tax/GST on legal services. The Bench of Chief Justice BP Routray and Justice Dr. S Muralidhar also commented that as per the notification […]