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The goods and services tax rate cuts are still not giving benefits to the larger number of people and taking this point into the mind, the government is set to extend the term of National Anti-profiteering Authority (NAA).
Post-GST and e-way Bill, it has been noticed that there has been increasing of 10 to 15 per cent of the distance of the trucks as compared to the pre-GST period. This increment is benefiting in reducing the cost of the logistics. Mahindra Logistics said this statement after noticing the decline in the demand for […]
I-T dept again suspended the inclusion of details regarding GST & GAAR in tax audit report till 31st March 2020 that means the reporting necessity of GST and General Anti-Avoidance Rules (GAAR) details in income tax audit form has been suspended till March 2020. The mutation seemed to be backbreaking for the companies and the […]
Delhi High Court by clarifying the technical difference between the exercise book with 12 per cent GST and tax-free printed books gives a sigh of relief for publishers. Reversing the verdict of Authority of Advance Ruling (AAR) the court neglects the decision of putting books with space for answering questions and other practise modules in […]
The revenue department has come with a new step to facilitate the GST refunds to the Exporters and suppliers of goods and services to SEZ units. For this, they have automated the process to quicken the refund accompanied with accuracy. Now there will be no personal interaction as the whole process of claim settlement has […]
The National Anti-Profiteering Authority (NAPA) took the decision in favour of home buyer and refused the behest of builder about the calculation of benefits on completion of the project. Believing all by themselves that the profits will be computed after finishing the project, the several builders have not been delegating the benefit on tax credit […]
Manufacturing date and Expiry date play a very important role while buying a product because it shows when the product was manufactured and when it is going to be expired. Almost everyone checks the expiry date of the product let that be household products or medicines. The Medicines or Drugs are sold in a process […]
Currently, there is a turbulence in the minds of car dealers, as the tax authorities are not leaving any stone unturned to curb the government’s revenue loss. Time has arrived for the car dealers to be investigated by the Indirect Tax authorities. The surveillance is all about the discounts and freebies offered by major car […]
The indirect tax department is all set to extend the tracking on the defaulting businessman and traders with its electronic surveillance. It is said that GST intelligence will be getting rights for electronic surveillance. This electronic surveillance will provide added shield on GST evasion by the means of surveillance of mobile call/message data, personal desktop […]
