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This week, The Central Board of Indirect Taxes and Customs (CBIC) introduced a new module to check GST returns automatically. This system is able to identify mistakes or differences between various types of tax returns. If such discrepancies are found. assessees will receive a notice informing them about errors. It works by correlating different returns […]
A person registered under GST would be needed to file the GST returns as per the norms of the GST law. But there might be some cases when you might obtain a GST return scrutiny notice in ASMT-10. It provides you with a notice which has been issued via the department for validating the preciseness […]
The Goods and services tax authorities would be asking for near real-time access to the banking transactions of the assessees that render to fetch the bogus invoices and more use of the ITC through the businesses sections. The same procedure complies with the recent investigations that show that the undue tax credits collected via the […]
In this article, you shall read about the method for easy handling of the Show Cause Notice in GST, the specified steps shall make you learn about the process of managing the SCN. beyond that, an application provided in this article will make you understand the format of the response of SCN. In the complex […]
Haryana has a population of 3.06 crore and the state’s boundary acquires an area of 50,362 sq km, collected Rs. 10,035 crore GST in April 2023, its GST collection is four times that of Punjab’s collection of Rs 2,316 crore, which has a population of 2.99 crore and a surface area of 44,212 sq km. […]
The guidelines for the special all-India drive against the bogus GST registrations would have been issued by the Central Board of Indirect Taxes and Customs (CBIC). The department has released all details via Instruction No. 01/2023-GST. What is a Special All-India Drive Against Fake GST Registrations? The Central Board of Indirect Taxes and Customs (CBIC) […]
The insurance industry, which is now facing penal actions by tax officials for violating input tax credit rules for the goods and services tax (GST), and the finance ministry had refused to mediate in the plea made for relief in this matter. According to those with knowledge of the situation, the ministry has sent the […]
A Model All India GST Audit Manual 2023 has been made for use via the Centre and state tax officials in an action that is anticipated to help companies and decrease litigation. The manual, which outlines standard guidelines for the selection of audit cases, preparation, and execution of audits, as well as the post-audit follow-up, […]
Two member-bench of the Telangana Authority for Advance Ruling (AAR), S.V. Kasi Visweswara Rao and Sahil Inamdar, unanimously ruled that using prefabricated technology for shed construction is not eligible for input tax credit (ITC) under the Goods and Services Tax (GST). According to the applicant, M/s. Sanghi Enterprises, they are building a shed on leased […]
