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An advisory on getting late GST registration reported by some taxpayers even after successful Aadhar Authentication as per Rules 8 and 9 of the CGST, Rules, 2017, has been issued by the Goods and Service Tax Network (GSTN). Taxpayers complained that even after successful Aadhar Authentication their GST Number is not furnished to them. Now […]
The latest update on the Goods and Services Tax (GST) portal introduces a new functionality allowing GST payers to use debit or credit cards via the Kotak Mahindra Payment Gateway. Presently, the portal exclusively accepts cards through the Kotak Mahindra Gateway, but there are plans to include more Credit Card options soon. Fill Form for […]
Two days later, the Central Government decided to provide relief to GST officials who were facing difficulties in resolving pending cases of the GST law. The decision to extend the deadline once again for the financial years 2018-19 and 2019-20 has been taken after the recommendation of the GST Council. Now, non-fraud cases that are […]
The Central Board of Indirect Taxes and Customs (CBIC) incorporates the SAMAY application for timely litigation management. The meeting was conducted between the Chief Commissioners and the CBIC Chairman. A legal cell of the CBIC has made the presentation on the application SAMAY (Systematic Adherence and MAnagement of Timelines for rendering results in litigation). SAMAY […]
On December 13th, 2023, the Central Board of Indirect Taxes and Customs (CBIC) issued a directive instructing officials that the application of section 74(1) of the CGST Act for issuing show cause notices should only occur when investigations reveal concrete evidence of fraud, deliberate misrepresentation, or withholding of facts to avoid tax. Furthermore, this evidence […]
The Finance Industry Development Council (FIDC), an organization that represents non-bank lenders, has officially urged the Central Board of Indirect Taxes and Customs (CBIC) to offer explicit clarification concerning the taxation of surplus interest held by Non-Banking Financial Companies (NBFCs) in co-lending arrangements with banks under the Goods and Services Tax (GST) system. This request […]
The Central Board of Indirect Taxes and Customs (CBIC) in its procedure for increasing clarity and simplifying the process has furnished the Instruction No. 04/2023-GST on November 23, 2023. Under distinct sections of the Central Goods and Service Tax Act, 2017 (CGST Act) the instruction is related to the issuance of the notices and stresses […]
According to Central Board of Indirect Taxes and Customs (CBIC) official Sanjay Kumar Agarwal, the increase in Goods and Services Tax (GST) collections in October is due to economic activity rather than the issuance of notices by tax authorities. Advisories will be issued to businesses that are not practising generating GST e-invoices for their B2B […]
A clarification for the determination of the place of supply has been provided by the Central Board of Indirect Taxes and Customs (CBIC). Through the trade and field formations, the board has obtained the representations asking for clarifications about the determination of the place of supply for the case of the supply of the service […]
