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Search results for: Central Board of Indirect Taxes and Customs

200 Big Brands Confront Tax Demand of Rs 30,000 Cr

More Than 200 Big Brands May Face Tax Demand Under Pre-GST Regime

Approximately 200 companies, including McDonald’s India, L’Oreal, Colgate Palmolive, Castrol, Saint-Gobain, Whirlpool, Mastek, and Domino’s Pizza, have obtained notifications from state authorities requesting taxes for the period before the Goods and Services Tax (GST) was implemented. These companies are contesting the taxation of the same item as both “goods” and “services” and have taken their […]

All About New GST DRC-01C Form

GST DRC-01C Form for ITC Difference in GSTR 2B and 3B

On August 4, 2023, the Central Government vide notification no. 38/2023 has told the Central Goods and Services Tax (CGST), the rules of 2023. Certain rules would have been revised and also inserted new ones. A new rule 88D would have been inserted into the CGST rules through the same revision which describes the way […]

Unpaid GST Dues Weigh on Insolvency and Bankruptcy Code Bidders

Insolvency and Bankruptcy Code Bidders Feel the Weight of Unpaid GST Dues

Despite the legislation giving them complete protection, a number of entities that have successfully bid and taken over the activities of a defaulting company under the Insolvency and Bankruptcy Code (IBC) are trapped in legal battles for unpaid GST. Tax experts point out that in December 2022, the Central Board of Indirect Taxes and Customs […]

Summary of Assam GST Circular Number 01/2023

Assam Govt Demands a Valid Rent Agreement for GST Registration

The Assam Goods and Services Tax (GST) Department, on 7th July, issued a circular to combat fraudulent registrations and tax evasion. They now require individuals or organisations to provide a valid rental agreement or lease deed when registering for GST. The department discovered that several dishonest people and organisations were obtaining GST registration by submitting […]

Don't Share Tax-related Details on Social Media

IT Dept: Don’t Share Confidential and PAN Details on SMO Sites

The Income Tax Department recently issued an important message to taxpayers, emphasising the importance of safeguarding personal information such as PAN numbers on social media platforms to prevent potential misuse. Responding to a taxpayer’s query on Twitter regarding difficulties encountered while filing income tax returns through the official e-filing system, the department advised against sharing […]

Timely Redress Applications Pursuing Corrections in GST Registration

Tax Associations Demand GST Commissioner to Quickly Redress Pending Applications

The tax consultants request the SGST and CGST commissioners to redress the applications of GST registration rectification details in the emergence of the random physical verification of GST registration. The Madhya Pradesh Tax Law Bar Association and the Commercial Tax Practitioners Association wrote to CGST Commissioner Partho Roychoudhary and SGST Commissioner Lokesh Kumar Jatav on […]

Summary of Central Tax GST Notification No. 02/2023

Central Tax No. 02/2023: No Late Fee of GSTR 4 for Nil GST Payers

According to the Central Board of Indirect Taxes and Customs ( CBIC ), dealers, are opted under the composition scheme under GST. And being late for filing their GSTR-4 are eligible for a full late fee waived. If they do not have any tax liability. A composition dealer is a small taxpayer that has to […]

CBIC GST Wing New SOPs on Intelligence and Investigation

CBIC GST Wing Preparing SOPs and Guidelines for Officers During Investigation

After the successful implementation of the new Goods and Service Tax law in 2017. There is a need for a judicial body to resolve disputes between the central government and state government as well as among businesses, individuals, and the government has arisen very quickly. Also, there is no government body to appeal against the […]

GST Wing Signs MOU with Forensic Sciences University

Forensic Sciences University and GST Wing Sign MOU to Stop Tax Fraud

National Forensic Sciences University (NFSU) and the Directorate General of GST Intelligence (DGGI) have signed the Memorandum of Understanding (MoU) for the establishment of digital forensic laboratories and food sharing details, the advancement of the technology and the skill development for the digital forensic field. The MoU was signed by the Pr. Director General of […]

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