Powerd By SAG INFOTECH
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In a press release issued on the evening of December 18, 2018, the Ministry of Finance has provided an update about the development of the new return filing system by GSTN.
GST council has this time laid emphasis on invoices generated for all types of transactions. In this context, a ‘Committee on Invoice’ has been set up and two procedural suggestions are made:
FM Nirmala Sitharaman dismissed the fact that increasing goods and services tax (GST) collections only provides an advantage before the Centre. She elaborated that the indirect tax system increases the revenue of the state by nearly Rs 9 trillion between 2018-19 and 2022-23 compared to the amounts that have been collected via the before subsumed […]
The Telangana GST department needs to issue policies for the note of caution issued by the Central Board of Indirect Taxes and Customs (CBIC) establishing the dos and don’ts but is yet to do so. The rules were issued to ease tax investigations, summons, and searches with a direct focus on streamlining business procedures and […]
Dr RV Asokan, the firebrand national president of the Indian Medical Association (IMA), was in Nagpur to install the IMA Nagpur chapter’s new team led by Dr Manjusha Giri. Dr Asokan articulated the pressing problems plaguing India’s medical sector, suggesting immediate action needs to be taken by the government. On illness, GST on healthcare is […]
In this article, SAG Infotech has added the benefits and critical challenges that taxpayers may encounter while re-filing their GSTR 3B form. This form is used for reporting monthly sales and purchases to the government. The GST department has sent an advisory to the particular taxpayers for the first opportunity provided to rectify the errors […]
GAIL chairman Sandeep Kumar Gupta mentioned that the government should consider more stringent policy interventions if the country wishes to achieve its objective of exceeding than doubling the share of natural gas in the energy mix to 15% by 2030. The government must mandate the use of natural gas in refineries and steelmaking, and make […]
In the case of Prime Steel Industries Pvt. Ltd. vs State of H.P. & others, the Himachal Pradesh High Court incurred a consequential ruling towards the issuance of Form GST ASMT-10 notices before the issuance of SCN. The same blog specifies details of the case, the legal framework engaged, and the implications of the court’s […]
The state goods and services tax agency in significant revisions has witnessed an average 43% decrease in GSTIN applications submitted monthly since Nov 2023, when the new sort of authentication was added to the process of online registration. The average number of GSTIN (Goods and Services Tax Identification Number) applications received per month from November […]
