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Central Board of Indirect Taxes and Customs (CBIC) has asked the assessee to furnish their monthly GST returns for May within the date of 20th June, while late fee submission will cause late fee and interest liability. The tax counsel reminded the assessee who did not subscribe to the quarterly return filing scheme and the […]
5 years before, on July 1, 2017, India had started the biggest amendment in its indirect tax system through the GST that would improve the complete indirect tax structure and lastly amend tax administration and compliance. In the former 5 years, the GST implementation proves to be a ride like a roller coaster for the […]
Karnataka Chief Minister Basavaraj Bommai-led group of ministers (GoM), GST council has set up the same in the former year to recommend the methods towards increasing the revenue by rationalizing tax rates and amending the anomalies in the tax framework, seems to meet on June 17. Ministers would discuss the proposal to transfer the rate […]
CM of Madhya Pradesh Shivraj Singh Chouhan mentioned that the same is essential to increase the GST revenue for making the states to get progressed effectively. For the same, the high power committee made to recommend the procedure to increase GST revenue would make the effective recommendations post taking out the proper study. Chouhan mentioned […]
The Maharashtra Authority of Advance Ruling (AAR) including T.R. Ramnani and Rajiv Magoo held that GST is subjected to pay on receipt of gratuitous payment from outgoing members. The petitioner has a co-operative housing society registered under the Maharashtra Co-operative Housing Society Act (MCHS Act) holding 48 flats that impose its member’s maintenance charges according […]
Odisha, Kerala, Gujarat and Maharashtra GST revenue collections are shocked as per the May 2022 report by suddenly increasing and dropping big differences in last month’s same year’s percentage. The post includes all the revenue generated by state governments in the given time period. One can determine the overall GST collections and can compare them […]
In a provision that increases the space of small companies via e-commerce, small online sellers might be privileged from GST enrollment and the discussion is amid the union and state governments on the same subject. “Tax experts specified that Representations have come from the industry and trade to bring parity between online and offline sellers […]
The state of Uttar Pradesh has the largest number of businesses in the country enrolled to furnish GST with the small businesses accounting for the portion. The same build the most populous state in the country for the small entrepreneurs. There are nearly 357000 small businesses in Uttar Pradesh that are enrolled beneath GST which […]
The tax counsel would now suffer the execution when an assessee makes the voluntary payment of the tax in an investigation. The Central Board of Indirect Taxes and Customs (CBIC) rendered its field formation that the tax recovery dues must be executed by complying with the last legal process post to issuing the adjudication order […]
