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Once GST registration has been received the same could not be revoked unless an assessee applied voluntarily against it or GST heads cancelled the same for some reason. If the GST registration would get cancelled by the GST heads the same would get specified on the GST portal as Suo Moto cancelled. One is not […]
The government has made a decision to make the scrapping of the IGST on ocean freight and the same proposal is under consideration for the GST council in the next meeting. The particular decision is made to consider the supreme court order on the scrapping of IGST on ocean freights. This has made a sigh […]
The GST official has decided to rectify various tax rates and withdraw the tax exemptions, excluding building a series of amendments to the enrollment and GST refund process to increase the collections of revenue. On the second and the final day of the 47th GST meeting, the officials would see into the demand from the […]
Gujarat High Court ruling that the real value of the land must be deducted prior to imposing the GST on the flats which are under construction will diminish the tax outgo for the homebuyers, given that the contractual arrangements clearly show the value of the land. In the present times, GST is imposed on the […]
FY 2021-2022 ITR filing deadline is 31st July 2022. Nevertheless, it has been observed that most taxpayers wait until the last minute to file their ITRs. As in the past two years, some taxpayers assume that the government will extend the deadline again this year. New ITR Portal is Not Completely Operational The assessee is […]
As for yourself or as a company If you look to furnish the ITR then the term known as Form 26AS under which all the tax filed on your grounds through your employer or customers. What is Form 26AS? The Form 26 AS is also called a tax credit statement. It is your yearly consolidated […]
During the time when the government was facing less collection from the revenue in the pandemic times, moreover, the bogus cases also harm the financial term of the government and the ability to pay. The FM Nirmala Sitaraman in the 2021-22 budget urged that the provisional attachment of the assets of those who are engaged […]
The last date of furnishing income-tax return up to 31st July 2022 is not that far away, but there is no point in filling it in the previous few minutes. You can start the return filing process right away to avoid all the last-minute complications such as technical glitches on the portal or missing data, […]
The pen industry is facing double problems of Rs 2000 cr due to ongoing covid-19 and from the GST said the officials. The pen manufacturer states that 18 % GST has been imposed by the central board of indirect taxes “Recently, many of the exporters have come under the tracing radar of tax authorities in […]
