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In the context of reducing the tax collections between the bogus invoicing and fake input tax credit, the GST council has now provided the notice to the assessee to conduct an audit. They sought details about the credentials from businesses concerning the fiscal years 2020-21 and Onwards. Latest Update The audit consists of an examination […]
The Engineering Export Promotion Council (EEPC) recently came up with a statement that the current rules-regulation and how they have been interpreted under the Goods and Services Tax (GST) framework are causing many difficulties for some engineering companies. The EEPC knocked on the door of the government and asked them to pay attention to this […]
The Karnataka Appellate Authority of Advance Ruling (AAAR) ordered that the Integrated Goods and Service Tax (IGST) is to be applied on online tests scored after individual interference as it is divisible as an Online Information Database Access and Retrieval (OIDAR) Service. The NCS Pearson INC is the service provider of online examination, testing through […]
Those who do not have the Aadhar number will not proceed with the latest goods and services GST enrollment. The authorities seek to check that the GST is linked with the biometric details with the live photograph of the registrant so as to clarify the GST fraud. A new GST should seek an Aadhaar-like process […]
In recent times, the finance ministry circular has again announced that the resident welfare association having 20 lakh or more annual turnover or if they charging INR 7500 per month must pay GST on certain conditions. Also, the Maharashtra Appellate Authority for Advance Ruling (AAAR) for GST has stated the same for all the RWA. […]
The union finance ministry on Thursday announces that the present government congress who rules Rajasthan became the 25th member of the Goods and service tax (GST) administration to admit Rs 1.1 lakh crore through all members so as to fill the gap built during the lockdown in 2020-21 as given by the centre. From the […]
GST Authorities keep taxpayers and other institutions up-to-date with the schedule, due dates, amendments, and tax rates by releasing the Notification, Notices, and circulars. To stay up-to-date with everything taxpayers have to wander here and there and search for the specific GST notification. To make things easier for everyone, we are collecting all such notifications […]
Due to corona, another package for the economy which gets canceled is now again launched by the government said by finance secretary Ajay Bhushan. Although he has not stated the time when it will be provided. Indeed he also says that the Indian Economy might reach a 0% growth The biggest tax reform i.e. Goods […]
The government plans to have artificial intelligence (AI) as well as Aadhar enrolment to prepare the list of uncertain companies to examine the Goods and Services Tax (GST) theft. Thus there is a risk for such firms which will be stated as risky to track their activities as per the finance ministry. A racket of […]
