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Goods and Service Tax Network has scheduled a webinar (to assist the taxpayer) that will address the topics related to tax liabilities and ITC comparison tool on the GST portal in different languages for effective results and answering common queries of the public. The webinar will be held on 15th July, 18th July, 19th July, […]
Having a property in joint name with the family members is a standard practice in India. Some do it as an expression of gratitude towards their family members while others make it a reason for smooth succession and easy tax benefits. In most cases, it is the spouse whose name appears as a joint holder […]
Determining the residential location of the taxpayer is equally important for the tax department as verifying other documents. But why? Well, it is already known that the earnings of the registered taxpayer from any source present (property or business) in India are taxable under the law. Another major factor that determines the tax liability of […]
On Tuesday, GSTN has declared a new facility for GST registered businesses through which comparison can be done between tax liability as filed in their form GSTR- 1 (final sales return) and as declared and paid in their return filed in form GSTR-3B (summary sales return) at a single place.
The GST Council may soon pass on a proposal to allow businesses with zero (nil) tax liability for six continuous months to file GST returns bi-annually.
The matter of Sri Rajaa Store vs State Tax Officer came before the Madras High Court regarding an assessment order on 29th December 2023. The order was contested by the petitioner stating a violation of natural justice principles. The applicant is a business functioning on slim margins and argued that their whole tax liability was […]
The Hon’ble Telangana High Court in the case of Rays Power Infra Pvt. Ltd. v. Superintendent of Central Tax [Writ Petition 298 of 2024 on February 28, 2024], ruled that if the assessee clears all the tax obligations including ah interest at any day, before the issuance of show cause notice, they shall not be […]
An advisory with respect to the composition taxpayers under the GST system has been issued on April 30, 2022, by the Goods and Services Tax Network (GSTN). From FY 2019-20 onwards, composition taxpayers are required to pay the liability using form GST CMP-08 on a quarterly basis, whereas they are required to file returns in […]
The Gauhati High Court ordered the assessee to address the GST Authority to furnish interest liability in installment because of COVID-19 to restore Enrollment. The applicant M/S Aich Brothers are not satisfied as evident taken out by the enrollment of the applicantGet to know the complete GST registration procedure online on the Indian government GST […]
