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The 50th Goods and Services Tax (GST) Council meeting is in progress today, on July 11th, 2023. Chaired by Union Finance Minister Nirmala Sitharaman, this meeting holds paramount importance in discussing crucial taxation issues. It is important to note that the information shared is reflective of the present circumstances. We will continue to provide you […]
Chief Minister Bhagawant Mann and Finance Minister Harpal Singh Cheema received requests for intervention from businessmen because of the show cause notice issued by the SGST (State Goods and Services Tax) dating back to FY 2016-17 and they are anxious about it. Businessmen have appealed to the government to bring into effect the one-time settlement […]
The main reasons for the rise in GST-related offences in the nation today are tax evasion, fake invoices for goods that haven’t been delivered, cyber frauds using Goods and Services Tax (GST) identification numbers, creation of shell companies, fabrication of business transactions, failure to deposit required taxes with authorities, and illegitimately claiming input tax credit […]
All IGST, drawback and other benefit refunds are halted, and all export shipments are subject to scrutiny when the Import Export Code warning of the risky exporter is activated. The export enterprises suffer significant losses as a result of the refund suspension, which also has an effect on the Indian economy. Here, we’ll talk about […]
By requesting that the revenue department refrains from sending summonses for those documents that Blue Cross Labs had previously produced, the Goa Bench of the Bombay High Court provided relief to the firm. The business was among numerous pharmaceutical firms that got new GST summonses in the New Year. Blue Cross Laboratories has filed a […]
The Tamil Nadu Authority for Advance Ruling (AAR) ruled GST shall be subjected to be applicable at 5% for supplying the dried Coconut manufactured and supplied by EMS COCO. The petitioner EMS COCOS is a partnership firm and is involved in the activities of Manufacturing and Trading of Coconut, Copra, and coconut shells, registered under […]
The GST Network (GSTN) announced a new GST portal option on February 25, 2023, allowing all Goods Transport Agencies (GTA) to choose to pay GST on a forward charge. The revision follows the CGST rate announcement number 3/2022, which was published on July 13, 2022, the previous year. In addition to the reverse charge option, […]
New capabilities that will let taxpayers follow the status of their applications for new registrations or clarification papers have just been added to the GST system. Particularly, information about the state and centre jurisdiction connected to the application will now be displayed in the portal’s Application Reference Number (ARN) status. The taxpayers, tax experts, and […]
The unsigned show cause notice and assessment orders were revoked by the Delhi High Court (HC), presided over by Justices Vibhu Bharkru and Amit Mahajan. A total demand of Rs 49,26,623 has been made by the petitioner in this case, which challenges a judgement made by the adjudicating authority (assistant commissioner) under Section 73 of […]
