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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 […]
From January rather than 12 at now, the businesses whose turnover exceeds Rs 5 cr turnover will have to furnish only GST sales return or GSTR-3B. There shall be 94 lakh assessees to which the policy of Quarterly filing of Return with Monthly Payment (QRMP) Know the everything about QRMP (Quarterly Return Filing & Monthly […]
With the rise in the strictness done by the government, the 25,000 businesses who had not furnished the GST return in November will urge to quickly file the same as the council is sending text messages as well as emails required them to follow with the needs. Beyond this, nearly 5.43 lakh businesses have not […]
On Tuesday the Finance Secretary Ajay Bhushan Pandey and CBIC Chairman M Ajit Kumar talked with zonal chiefs to examine if there is any GST (Goods and Services Tax) theft and stop it. “Finance Secretary, Chairman CBIC and Board Members held a Video Conference with Zonal Chiefs. Discussions centered on ongoing anti-evasion measures and action […]
Those who do not have the Aadhar number will not proceed with the latest goods and services GST enrollment. The authorities seek to check that the GST is linked with the biometric details with the live photograph of the registrant so as to clarify the GST fraud. A new GST should seek an Aadhaar-like process […]
Against the bogus invoices, the government has taken measures. The government has started questioning the assessee that why they on their own paid the taxes since GST was incorporated. The question affects the taxpayers who are already facing a hard time due to pandemics. Beneath the GST the assessee can release the outstanding tax liability […]
The revenue council on Monday specified that people are not paying the returns despite they have been founded with turnover in crores and declares that for the honest assessees while also stating that there will be no major amendment in the reporting of GST turnover data in Form 26AS. There is no more load on […]
From time to time, the government has been making changes to avoid evasion of taxes and according to a recent update, the government will soon push the efficiency of the indirect tax system These types of taxes paid on Consumption by the consumer but they do not pay directly to the government (unlike income tax). […]
The revenue department wants to collect the same amount as the taxes of the previous year, hence it is tightening the compliance requirements related to e-invoicing. Buyers need to ensure that appropriate e-invoices are issued to them by listed large GST-registered businesses Get to know the complete GST registration procedure online on the Indian government […]
