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The government of India extended the ‘Sabka Vishwas’ scheme for pre-GST era taxes by till January 15. ‘Sabka Vishwas’ scheme is for dispute resolution and amnesty scheme for pre-GST era taxes. According to an official statement from the CBIC “It is introduced by Nirmala Sitharaman (finance minister) to settle pending disputes of service tax and […]
Goa government is all set to enter the year 2020 with strict augmentations to curb tax evasionTax sleuths have planned a fresh crackdown on traders practising tax evasion of Goods and Services Tax (GST) by pursuing new registration for their businesses and growth in the percentage of the state’s revenue. The meeting headed by State’s […]
Circulars released on 30 December 2019 show increase in the GST rates on woven and non-woven bags plus the sacks of polyethene. The changes were recommended in the 38th GST council meeting related to the items falling under HSN 3923/6305. As a result of recommendations by the council, the Central Government made the amendments and […]
The total of 245 Star Export Houses and 5,000 other exporters went alienated from claiming their shares of Input Tax Credit (ITC) from the government due to taxman’s heavy investigations. On the other hand, amidst the existing exports decline, merchandise exports declined by 0.34% year-on-year in November consistently for the fifth time in the past […]
New discussions will take place by the Central and State government to fiddle with the goods and services tax (GST) after the presentation of Union Budget on 1 February 2020, told by a government official having direct knowledge about the matter. Finance ministers of central government along with that of state governments will dig out […]
The Government of India (GOI) has received a proposal to include the healthcare services under GST Check out the brief details of GST impact on the healthcare industry in India. The researchers have commented on the impact of GST regime and declare zero-rating GST for them, by the Healthcare Federation of India. Besides, the NATHHEALTH […]
Recently Commissioner made amendments in the principal notifications No.s – 76/2019, 77/2019 and 78/2019 – Central Tax, which were published in the Gazette of India, Extraordinary vide number G.S.R. 452(E), G.S.R.767(E), and G.S.R. 769(E). According to the latest amendments by the commissioner, the due dates for filing different returns extend for the GST registered individuals […]
The Central Board of Indirect Taxes and Customs has taken initiative for the structured system to tackle the GST-related grievances of the taxpayers by setting up Goods and Services Tax grievance redressal committees. On 18th December, the GST panel at a meeting concluded to form GST grievance redressal cells at zonal and state levels. In […]
Recently there is an issuance of a strict rule which states that if the taxpayers do not file the goods and services tax returns, there will be an attachment of bank account and there may be registration cancellation too. This has been decided to be Standard Operating Procedure (SOP) as recognized by the Finance Ministry […]
