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The National Anti-profiteering Authority (NAA) seems to integrate with the competition commission of India (CCI) as the tenure of the GST authority is expired going near to 400 cases of dues prior to it dealt with the customer complaints about not obtaining the tax cut advantages. The same shall arise by year-end and all the […]
Domestic rating agency India ratings mentioned that the GST would not support the states to attain the objectives of increasing their tax revenue. The rating agency mentioned that the information would not mean any advantages to the states in the former 5 years since the GST incorporation. From June this year, the centre would halt […]
There is no GST levied on the Canteen and the transportation services which are furnished by schools, said Maharashtra authority for advance ruling (AAR) in a ruling which provides relief to various schools all over India. The question beneath the review was if these services given by the schools and the charges by them must […]
The Central Board of Indirect Taxes and Customs (CBIC) would ensure that the rising number of GST audits has the purpose to rectify the quality of GST returns furnished does not load on the businesses. Audit of the books of accounts and the other major documents of the businesses beneath GST law has gained speed, […]
The state of Uttar Pradesh has the largest number of businesses in the country enrolled to furnish GST with the small businesses accounting for the portion. The same build the most populous state in the country for the small entrepreneurs. There are nearly 357000 small businesses in Uttar Pradesh that are enrolled beneath GST which […]
The government and the Insolvency & Bankruptcy Board of India (IBBI) have provided a process to share the information on the companies that suffer the insolvency action as the customs and the GST wings are missing the last date to furnish the claims, which results in extended laws. The suppliers to the companies, customs, and […]
The tax counsel would now suffer the execution when an assessee makes the voluntary payment of the tax in an investigation. The Central Board of Indirect Taxes and Customs (CBIC) rendered its field formation that the tax recovery dues must be executed by complying with the last legal process post to issuing the adjudication order […]
The government has exempted the late fees for two months till June for the late furnishing of GSTR 4 return for the FY 2021-22 via small assessee enrolled beneath the composition policy. The Central Board of indirect taxes and customs (CBIC) in a GST notification No. 07/2022 mentioned that the late fee would get exempted […]
Combating the GST avoidance, the Haryana government will exchange data regarding business rent or lease documents with the Haryana Excise and Taxation Department. Pranab Kishore Das, ACS and FCR, and Anurag Rastogi, ACS (E & T), met to talk on the topic of GST avoidance in the rental of immovable property excluding those rented out […]
