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All over the country, the Directorate General of Goods and Services Tax Intelligence (DGGSTI) in the previous month has arrested 100 persons and recorded 3479 entities inside 1161 cases in the concern of illegally claiming the input tax credit(ITC) through the bogus GST invoices and causes the government tragedy. Despite lower revenue collection. Latest Update […]
In the Bombay High Court a writ appeal has implied asking the arrest procurements beneath the goods and services tax (GST) laws. GST Input tax credit (ITC) A complete guide for understanding the basics of input tax credit and it calculation with detailed examples under GST (Goods and Services Tax) India. Read more , has […]
Various laws such as Cheque payment, LPG Cylinder prices, GST to UPI Transaction payment which will produce an effect on the common people will be going to get modified from January 1. Small Businesses GST-Registered The trades of Rs 5 cr turnover will need to furnish the returns for only 4 GST sales or GSTR-3B […]
There is once again fear has attained out for the traders because of the new Delhi goods and service system (GST) as per section 36(4). There is anger for the same rule among the traders as it is called an anti-trade rule from its start. Due to covid-19 from February to August, it was stopped, […]
On the concern of anti-profiteering investigations under the Goods and Services Tax framework, the government urges to have more time to reach over the outcome. In the context of anti-profiteering, there comes a period when some organizations have charged the government with petitions in court. Much time might get consumed by the government to reach […]
The Goods and Service Tax Network (GSTN) has allowed the new convenience of “Communication between Taxpayers” on the GST portal. With the initiation of these facilities, the supplier and the applicant can talk with each other on the GST portal. They indeed also furnish a reply to the received communication on the portal. Latest Update […]
In the context of reducing the tax collections between the bogus invoicing and fake input tax credit, the GST council has now provided the notice to the assessee to conduct an audit. They sought details about the credentials from businesses concerning the fiscal years 2020-21 and Onwards. Latest Update The audit consists of an examination […]
Rs 6000 cr to the states has been given by the center as a 6th installment concerning as a back loan so to furnish the GST shortfall, with the amount of Rs 36000 cr via a special window. Out of this amount of Rs. 5,516.60 crore has been issued to 23 states and Rs.483.40 crore […]
Cloudtail India is one of the largest sellers on Amazon.in Platform, recently its Goods and Service Tax (GST) registration was suspended in Haryana and due to this, the seller faced a major supply disruption. Cloudtail India is an Amazon-affiliated company owned by Prione Business Services, a joint venture between Amazon Asia-Pacific Holdings Private Limited and […]
