In a move to deregister dormant GST assessees, the Central Board of Indirect Taxes and Customs (CBIC) field officers have been assigned with the task to issue show-cause notices and complete the formalities at the earliest.
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In a move to deregister dormant GST assessees, the Central Board of Indirect Taxes and Customs (CBIC) field officers have been assigned with the task to issue show-cause notices and complete the formalities at the earliest.
Any resistance offered by an individual to IT department raids over tax evasions may result in prison time for the concerned person under scrutiny.
While speaking at the Global Cruise Conclave on Thursday in Mumbai, Union Minister for Transport and Shipping Nitin Gadkari assured that the matter to reduce GST rate on cruise tourism will be discussed in the upcoming GST Council meeting.
In case of manufacturers, stockists, retailers and shopkeepers had claimed input tax credit under the goods and services tax in Kerala, they will have to return it along with penalties as a notification by the deputy commissioner, state GST department, Mattancherry asked it.
IGST is levied on the interstate supply of goods and services as well as Indian imports and exports. Exports are zero-rated under the IGST Act.
The new GST return filing system, along with modified GST norms, is expected to go live by the next year. Experts are sharing their reviews and explanations of the new GST norms and policies and how they can benefit the dealers and consumers.
As the construction of joint development agreement based properties grows in West Bengal, the Calcutta High Court expects to see a flood of suits being filed about the uncertainty of the goods and services tax applicability on these supplies.
In a meeting with probationers of 68th batch of Indian Revenue Service (Custom and Central Excise), the President Ram Nath Kovind has appreciated for making goods and services tax a success across the country.
Post-GST implementation, the regional authorities, and the state government have become restricted in terms of increasing the additional taxes as most of the taxes now covered under GST levy.