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The Central Board of Indirect Taxes and Customs (CBIC) would ensure that the rising number of GST audits has the purpose to rectify the quality of GST returns furnished does not load on the businesses. Audit of the books of accounts and the other major documents of the businesses beneath GST law has gained speed, […]
The government and the Insolvency & Bankruptcy Board of India (IBBI) have provided a process to share the information on the companies that suffer the insolvency action as the customs and the GST wings are missing the last date to furnish the claims, which results in extended laws. The suppliers to the companies, customs, and […]
The tax counsel would now suffer the execution when an assessee makes the voluntary payment of the tax in an investigation. The Central Board of Indirect Taxes and Customs (CBIC) rendered its field formation that the tax recovery dues must be executed by complying with the last legal process post to issuing the adjudication order […]
As the current inflation is running it is not expected to change the GST rates on the goods and services. Goods and services would get taxed in four slabs of 5%, 12%, 18%, and 28% beneath the GST regime. It was acknowledged to diminish these tax slabs reaching three, a practice that engaged raising the […]
The Institute of Chartered Accountants of India (ICAI) had conducted a two-day training program on GST, for the capacity building of the officials of the Commissionerate of CT and GST, Odisha at Bhubaneswar on 23rd and 24th May 2022. Sushil Kumar Lohani, IAS, Commissioner, CT & GST, Odisha has inaugurated the training program. Sushil Kumar […]
A division bench of the Madhya Pradesh High court consisting of Justice Sheel Nagu & Justice Maninder S. Bhatti ruled that order which refused the appeal with respect to the cancellation of GST enrollment on the part of the delay of 18 months in furnishing the lawful petition without any reasonable reason. The applicant’s company, […]
GST will turn five since its execution in India. The first half-decade of this platform is wrapped in the ups and downs with numerous hurdles. At the current time, India has seen revisions in the effective tax rate as well as rectified supply chain efficiencies. Tax compliance is seen on a technology-based monitoring system via […]
The GST collection of April has crossed Rs 1.5 lakh cr, it is for the first time and the Rs 1 lakh cr mark for the tenth month in a row. Also, Rs 1.35 lakh crore per month is been expected to come in the same fiscal said by Central Board of Indirect Taxes and […]
The Delhi High Court has refused the cancellation order of GST enrollment because no notice was served before the examination of the place. The applicant, Micro Focus software solutions India private limited obtains a show-cause notice mentioning that not been found functioning or existing at the given address. From December 2019 month onwards, the company […]
