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Risk-based Profiling to Pre-empt GST Dodging

Government Looking for Taxpayer’s Risk-based Profiling to Pre-empt GST Dodging

Recently, the central government has announced that it is looking for the options to pre-empt GST dodging by taxpayers based on their risk profile. The motive behind this initiative from the government is to prevent the tax evasion under Goods and Services Tax (GST). The assessee, whose profile would appear as “risky” under this scheme […]

new gst return filing offline tool Beta

Download New GST Return Filing Offline Tool v0.6 (ANX-1 & ANX-2)

Government of India has brought in a Beta version (v0.6) of New GST Return Offline Tool to get the CA, CS and tax professional on board with the utility- A step towards accuracy and alacrity. Beta New Return Offline Tool is just a dummy tool which has been introduced to grease the wheels of the […]

Ather Energy Benefit to Customers

Ather Energy Offers Benefit to Customers of Reduced GST Rates on EV

Not later than a few years, there will be a resonance of ‘Electric Vehicles‘ everywhere in Indian Markets. One of the electric vehicle manufacturers in India, Ather Energy conveys that it will give the entire benefits to its customers of reduced GST rates entirely supporting the government’s initiative to lower the Goods and Services Tax […]

Import Invoice via E-way Bill Portal to GSTR 1

Learn to Import Invoice via E-way Bill Portal to GSTR 1 Form

A taxpayer has to go through a string of formalities while filing a return but for his convenience government has introduced GST portal. This giant portal is a saviour, as all the forms related to the e-filling of GST are available here which facilitates a taxpayer to conveniently file the return using a single platform. […]

Gujarat HC: Notice to GST Council, Centre Over Surcharges on Duties

Gujarat HC Rules 9% Annual Interest on Delayed Refund of IGST to Exporters

In the case of M/s. Saraf Natural Stone Vs Union Of India, the Gujarat High Court has passed the judgement that Department will have to pay simple interest at the rate of 9% per annum on the delayed payment of IGST to the exporter. Ever since the launch of GST, the problem of delay in […]

Discord Between Banks and Government

Discord Between Banks & Govt. Over INR 18,000 Crore IGST

Financial institutions have been fending off the service taxes and GST notices since April 2018 and this has again led to a dysfunctional relationship between banks and Government of India. The Government has levied Rs 18,000 crore goods and services tax (GST) on banks for their services like wealth management, zero-fee lockers, ATM facilities etc. […]

GST in School & College Syllabus

CAIT Demands to Introduce GST in School and College Syllabus

Today GST is the sole tax governance of the nation and keeping this fact in mind the Confederation of All India Traders (CAIT) has written a proposal to the Human Resource Development Minister Ramesh Pokhriyal Nishank asking to accommodate chapters on GST in schools or colleges. CIAT further says that the current education system is […]

GST Collection

Haryana Contributes A Good Sum To The National GST Collection

Haryana has created a benchmark by contributing the highest of 4.7 percent in the national GST collection. It is one of the 29 states in India owning just 1.8 percent of the geographical land of the country and accommodating the 2.9 percent of the national population. State’s finance and tax minister Captain Abhimanyu declared that […]

GST Help Indian Economy

How GST Helped Indian Economy Reconstruct?

Implementation of GST in July 2017 was a major and transformation step towards reformation in the indirect taxation system in India with a vision of “One Nation, One Tax”, after revolutions such as Make-in-India and Digital India by the BJP-led government to bring in comprehensive growth and economic evolution throughout the nation. Under GST – […]

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