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The CBIC (Central Board of Indirect Taxes and Customs) has said that 12 per cent of GST must be paid by the home buyers compulsorily and this is only for those who have to give the amount to the builder and whose housing project got the completion certificate before 1st April 2019. The CBIC issued […]
What is GST E-Invoice System? GST e-invoice is the introduction of the digital invoice for goods and services provided by the business firm generated at the government GST portal. The concept of a GST e-invoice generation system has been taken into consideration for the reduction in GST evasion. The GST officers have come to a […]
An opportunity for all the businessmen whose registration were aborted due to non-payment of GST registration tax returns. They can now apply for the restoration of registration till July 22 subject to the condition that they first pay the outstanding tax along with filling the pending return. The revenue department has notified the permission and […]
Recently, the IT system has been refined to restrict the GST non -filers from generating e-way bills. To weaken the tax evasion practices this institutive step has been taken which prevents the Business – consignor, consignee, transporter, e-commerce operator or a courier agency, who have not filed the GST returns for the stipulated time period […]
Samsung India comes under the probe of the GST officials as recently the GST department had sent notices to the Samsung office in India to give a detailed sales report including GST charged. It was found by the GST officials that the Samsung had not passed the GST rate cut benefits to the consumers even […]
As per the sources, the service providers with an annual turnover of up to INR 50 lakh has been given the time till April 30 to opt for the composition scheme and pay 6 per cent GST by the tax department.
Tax sleuths have planned a fresh crackdown on traders practising tax evasion of Goods and Services Tax (GST) by pursuing new registration for their businesses without dismissing a prior one.
The GST authorities have clarified that transfer or change in the ownership of business would happen in the case of death of the sole proprietor and would include the transfer or change in the ownership of a business.
The government has confronted Rs 20,000 crore GST evasion in 2018-19, out of which Rs 10,000 crore has been recovered, rest 50% are yet to be retrieved from the corrupt businessmen who follow these illegal practices of GST dodging.
