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Search results for: Goods and Services Tax

UTGST for Jammu & Kashmir and Ladakh

GST on Union Territories of J&K and Ladakh Notified

The state of Jammu & Kashmir has been bifurcated into two Union Territories – Union territory of Jammu and Kashmir and Union territory of Ladakh.  According to the Table II, in column (3), in serial number 51, of the concerned notification by the government of India, dated 19th July, 2019, the words “State of Jammu […]

GST Refund Rules for ITC

New GST Refund Rules for ITC Confusing for Taxpayers

As the deadline for filing GST returns under the new, revised mechanism is approaching, many taxpayers are still confused regarding the new rules for claiming a refund of input tax under GST. So, they are now waiting for some kind of clarification from the government’s side over the revised mechanism, which limits the maximum amount […]

E-commerce Portals Under Tax Scrutiny

Two Major E-commerce Portals Under Scrutiny By The Tax Department

The Income Tax Department is intending to scrutinize the business of Flipkart and Amazon starting with the details of their top five sellers in India. The motive behind the scrutiny is to check whether these top and most competent online e-commerce portals are obedient to the Goods and Service Tax regime. Alternatively, it appears to […]

New Faceless Assessment Scheme

Government’s New Faceless Assessment Boils Tax Unions, Unfolds Joint Letter

Income Tax officials of India spouted off their objection against the new faceless tax assessment programme launched by Prime Minister Narendra Modi to eliminate the corruption & increase the tax collection, a joint letter by tax unions showcases. Delegates of Income Tax Gazetted Officers’ Association & Income Tax Employees Federation wrote a joint letter to […]

GST Internal Supply Brands & Logos

18% GST is to Be Levied on Internal Supply of Brands and Logos

Listed out by legal authorities are some renowned Indian clusters and foreign banks suspected of allowing Indian entities or subsidiaries operating in India to use their brand names and logos for free. The Tax department on this has commanded (via legal notices) such entities to put a valuation on brand names and logos owned by […]

Top Position in GST Return Filing

Chandigarh Broke Own Record in GST Collection & Filing

Another Goods and Services Tax (GST) collection records have been broken by Punjab with an increase in the GST collection by 12.25% in 2020 over that in 2019 by Chandigarh. Total GST collection in the month of January 2020 stands at INR 143.97 crore, in the same month of the previous year it stood at […]

Webinar on Filling Form GST ANX-1 & ANX-2 in English

Webinar on Filing Form GST ANX-1 and ANX-2 in English Today

Today on 3rd October 2019, a webinar has been timetabled to take place on the topic- Filing of Form GST ANX1 & ANX2. English language will be used as the method of presentation of in-depth details on the filing procedure of these two annexures, followed by queries round. The webinar will start sharp as soon […]

Latest GST Refund Mechanism

Latest Refund Mechanism to Help Taxpayer in Faster GST Refunds

Good news has arrived for all the taxpayers registered under the goods and services tax regime as the latest system of GSTN portal will be processing the GST refunds faster than the earlier version. Now the communication will be totally online between the tax officers and the taxpayers as the latest “Online Refund Processing and […]

Revise Tax Invoice Under GST

All About Revise Tax Invoice Under GST with Debit & Credit Note

Filing GST is a massive task involving document compilations, computations, GST calculations, verification and so on. People with deficit knowledge are often seen struggling with GST filing and reviewing documents for accuracy. GST invoice is one of the major components used while computing tax, one wrong invoice will affect the figures in GST returns leading […]

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