Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
India is reportedly considering a substantial increase in the threshold for arrests and criminal prosecutions regarding Goods and Services Tax (GST) evasion, aiming to raise it from ₹2 crore to ₹3 crore, according to sources. This proposed change is part of an initiative to stop the specific aspects of GST evasion, encouraging businesses to stop […]
The Kerala GST Department released Operational instructions concerning the Payment of tax and except amounts covering arrear demands released in Acts excluding GST via the e-Treasury Portal. The council issued this through the notification Trade Notice No. 18/2023 dated October 30, 2023. Various taxes and fees regulated by the Department, such as the Kerala Value […]
The GSTN furnished an Advisory No. 614 on November 14, 2023, for Online Compliance about ITC mismatch – GST DRC-01C. It is stated that GSTN has been made a utility for the operation to generate automated intimation in Form GST DRC-01C that drives the assessees to elaborate on the difference in the ITC available in […]
When comparing the data shown in GSTR 9/9C Vs GSTR 3B, the council has initiated issuing the notices and has urged for the data. This blog acknowledging different changes in the GST law has the objective of furnishing clarity on the filing of the annual returns (Form GSTR 9) and the reconciliation statement (Form GSTR […]
The government is now considering exempting vouchers or gift cards from the collection of goods and services tax (GST), with the aim of addressing the issue of double taxation in some situations. Many retailers provide customers with vouchers or gift cards that may be exchanged for their products. As per the sources acquainted with the […]
In the case of M/s. Caterpillar India Pvt. Ltd. v. The Assistant Commissioner Chennai [WP No. 28092 of 2023 dated September 25, 2023], the Madras High Court granted the writ petition, affirming that recovery based solely on variations between Form GSTR-1 and Form GSTR-3B is impermissible without adherence to the prerequisites outlined in Rule 88C […]
The top business and tax consultant associations from both the city and the state have come together to demand the provision of revised GST returns. They argue that this provision is their right similar to what exists in other tax systems, including income tax, earlier VAT, central excise, and service tax. In response to the […]
A recent report has brought attention to the current status of state finances, emphasizing the persistent deficit in budget revenue. The report underscores that this deficit is causing limitations in capital outlay, particularly impacting the allocation of funds for developing assets. Furthermore, the report highlights the necessity of rationalizing the goods and services tax (GST) […]
The Patna High Court in its ruling has given relief to M/s Cohesive Infrastructure Developers Pvt. Ltd, the petitioner, in an issue of Goods and Services Tax (GST). The division bench including Chief Justice K. Vinod Chandran and Justice Rajiv Roy permitted the writ petition filed under Article 226 of the Constitution of India, aiming […]
