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GST department is soon going to come up with measures to duly verify the exports and are also planning to install a standard operating procedure (SOP) for on the stop verification of suspected taxpayers. This would prove to be an excellent step towards eradicating tax evasion from the country. In the National GST Conference of […]
Gujrat High Court has recently dictated the Union government, the GST Council, and the Customs authorities about surcharge and cess levy on duties that are paid through scrip-based incentives by the exporters. A bunch of exporters reached the doors of Gujrat High Court challenging the legitimacy of the imposition of tax on cess or social […]
Businesses dealing with the levy of around Rs. 46,000 crores as interest on delayed GST payments are expected to get some relief as the GST council is proposing to calculate interest on their net tax liability and with a retrospective effect. Finance Ministry has not yet concluded how much shall be accumulated from the assessee. […]
The government is ready to solve all the queries regarding the GST registration and in relevance, there will be a webinar conducted on the topic of GST registration. Titled with the ‘MyGov Samvaad, this sixth webinar will considered all the questions and topics related to the GST registration. As already know by the name My […]
February’s Goods and Service Tax contribution to the national treasury stood at Rs. 1.05 lakh crore which is still less than the targets pre-assumed by the government. Though the GST collection was not up to the targets of the government (i.e. Rs. 1.15 lakh crore for Feb month), it was able to gross 8% more […]
The state is going to establish a new GST Audit Authority and Business intelligence Unit. It was announced in the 2020-21 State Budget that these two units are being formed for the effective and efficient management of commercial taxes in the state. Not only this, but the Commercial Tax Department is also decided to be […]
The notice currently released from the Haryana GST department had guidelines for authorities related to Inspection, Search and Seizure under the Haryana Goods and Service Tax (GST) Act. The notice was released under the name of Joint Excise and Taxation Commissioner (GST) and was addressed to the Joint Excise and Taxation Commissioner (Range/ Appeal) and […]
Adamant to revive the GST collection, the government has now designed the roadmap that will lead them to gather Rs. 46,000 crores under interest on late payments. Protesting against the decision of the government, tax experts said that at the time of GST (Goods and Services Tax) implementation when the government was making taxpayers switch […]
Non-compete agreements between sellers and buyers are now under the tax levy net. Such agreements come into effect when the seller assures the buyer that it will not come in competition with the buyer for a designated period of time. Already received by several private equity firms, strategic investors and others who have purchased businesses […]
