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GST e-invoice compliance: Wef October 1 the e-invoicing for businesses with an aggregate turnover of Rs 10 cr or more, under the goods and services tax, or GST regime would become essential. The government has reduced the limit from Rs 20 cr at the current time in a bid to manage the revenue leakage and […]
The Goods and Services Tax Network (GSTN) has issued an advisory on the forthcoming revisions in the GSTR-3B return for the assessee. On 5th July 2022, the government vides notification no 14/2022 – Central Tax would be notified with some amendments in Table 4 of Form GSTR-3B needing the assessee to notify the details on […]
To restrict the fake ITC claim and tax evasion, the CBIC would reveal nearly 40,000 GST returns for 2018-19 relying on the risk parameters for the scrutiny. The same shall be the 2nd batch of GST returns that will be liable for investigation post to CBIC has shown 35000 GST Identification Number (GSTINs) (allocated to […]
There are higher chances that much amount than before will get out from your pocket to buy certain items from the next Monday (18th July 2022) since the GST upon them would soon set to rise. The government would revamp the GST on the goods and services complying with the 47th GST official meet held […]
In violation of Rule 142(1)(a) of the GST Rules, the Jharkhand High Court division bench has quashed the order in the summary of GST show cause notice without issuing show cause notice pursuant to Section 74(1). As the portion of the search performed via the respondents on the premises of the petitioner, M/s. Juhi Industries […]
The Central Board of Indirect taxes and Customs (CBIC) has provided a circular concerning to essential filing of the correct and proper details of the inter-state supplies and the amount of the ineligible/blocked Input Tax Credit and reversal in return in FORM GSTR-3B and statement in FORM GSTR-1. Board who has been issued a circular […]
There is distress in the sector and among the people in the medical sector because if the room rent of the hospital excluding ICU would surpass a limit of Rs 5000 per day then a 5% GST would be levied on it, says the GST council. While a 12% levy would be imposed on the […]
A host of procedural amendments in the GST compliances is being reported by the government, along with the levy of interest for the bogus usage of input tax credit and the turnover limit for furnishing the yearly returns for 2021-22 fiscal. GST administration investigated the changes at its meeting in the former week. Through the […]
The problems suffered by the registered dealers during furnishing the refund applications have no limit from the limitation time, interest on the late refund, and others. Which reveal their place in Tribunals and courts. In this, we have attempted to list some of the common problems suffered during filing the GST refund applications beneath the […]
