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According to the strict compliance set by the goods and services tax, not only taxpayers but also the GST officers will be in trouble in case if there are some discrepancies found in the cases related to the GST.
In a unique way to persuade taxpayers into paying GST will be tried by the GST officers according to a newly ‘Nudge team’ formulation which would further develop strategies based on the behaviour of the taxpayer.
The Tax Practitioners and Businessmen have discussed the issue over the slow down of the GSTN portal with the state tax commissioner while filing the GST return on the portal.
As per the reports, it was found that GST evasion is doubled in the first five months of FY 2018 than the previous year. After going slow during the transition to the GST, tax officer restarted surveying.
AAR Goa branch announced that from now onwards all the vehicle owners will have to pay an additional 18 percent GST on all the pollution control certificates according to a petition filed by a automobiles traders.
It’s been more than one year since Goods and Services Tax (GST) came into existence. But still, there are problems in implementing it. The jurisdictional overlap between the field officer of Central and State government is still the big affair.
The indirect impact of higher goods and services tax on the hotel industry i.e. 28 percent which is the highest GST slab rate making it a difficult industry to deal with other aspects of business in India.
The national accounts statistics will soon fetch the quarterly goods and services tax data and details on the taxpaying units which will further improve the quality, as mentioned by the statistics ministry.
Karnataka Commercial Taxes Commissioner M.S.Srikar said that the dealers in Bengaluru have reclaimed their input tax credit of approx. Rs 17.45 crore, after realizing that the claim made by them was based on false GST invoice.
