Powerd By SAG INFOTECH
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Seeking the sudden action on the announcement of levy of Goods and Services from ‘duty-free’ vendors at airports for international passengers from Authority for Advance Ruling (AAR), New Delhi in March 2018.
The continuing errors and technical issues on the GST portal further increase problems for businesses making it difficult to file correct GST returns before the deadlines.
Recent Apparel Export Promotion Council approached the Finance Minister and Textiles Minister regarding the issues of GST refunds and Rebate on State Levies (RoSL).
The GST is self-assessing by nature while more than 1 crore Taxpayers are registered under GST. Self-Assessment is necessary to determine tax liabilities.
The GSTR 9 is an annual return form to be filed by the taxpayer once a year with all the consolidated details of SGST, CGST and IGST paid during the year.
The GST department has launched an investigation to determine the reasonability of the 100% refunds claimed by banks on GST paid on vendor services for ATMs.
The rate for the changes made per day in the present GST law is a whopping 125%. This means on an average 1.25 changes are made per day in the current indirect tax law of the land which was once referred as the Golden Bird of the East.
A demand has been put by the Export Promotion Council of India for the online linkage of the Goods and Services Network (GSTN) with the NSDL portal to ensure a fast and smooth transition of GST refunds.
The tax department has started sending notices to taxpayers asking them to provide documents in support of the transitional credit claims filed by them.
