Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
According to a national tax leader at a reputed financial service providing company, there is an increase in direct tax as Goods and Services Tax (GST) has not given returns as the way it was expected.
The GST Council Secretariat has instructed six Indian states, including Delhi, Punjab and Madhya Pradesh, along with the Puducherry UT, to promptly set up the Appellate Authority for Advance Ruling (AAAR) in their respective regions to enable traders to file appeals against the orders released by the AAR.
The deadline for filing summary sales return GSTR-3B for the month of September has been extended five days i.e. till October 25, 2018 by Finance Ministry.
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.
Recently the goods and service tax network issued an advisory for all the taxpayers who are set to file tax returns for multiple tax periods. This advisory was done in the presence of doubts by taxpayers on filing returns.
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.
The Finance Ministry has officially announced that the business enterprises who have chosen the composition scheme under Good and Services Tax (GST) Regime now don’t require to provide the information of goods purchased from their vendors while filing quarterly return GSTR-4 Form.
Delhi high court recently asked questions to the central government regarding the continues argument between the exporter’s community and the government on the GST refunds.
Central GST commissionerate, the anti-evasion wing of Ludhiana and ANI Technologies, the parent company of Ola Cabs are mixed up in a tax problem.
