As per the reports, it was found that GST evasion is doubled in the first five months of FY 2018 than the previous year. After going slow during the transition to the GST, tax officer restarted surveying.
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As per the reports, it was found that GST evasion is doubled in the first five months of FY 2018 than the previous year. After going slow during the transition to the GST, tax officer restarted surveying.
An awareness seminar was conducted on foreign trade policy which advised businesses to be very much careful while filing GST returns as the error-prone data was the main reason for non-refund of taxes.
It’s been more than one year since Goods and Services Tax (GST) came into existence. But still, there are problems in implementing it. The jurisdictional overlap between the field officer of Central and State government is still the big affair.
The GST Council Secretariat has instructed six Indian states, including Delhi, Punjab and Madhya Pradesh, along with the Puducherry UT, to promptly set up the Appellate Authority for Advance Ruling (AAAR) in their respective regions to enable traders to file appeals against the orders released by the AAR.
Exporters and the overseas shipments are in liquidity problems as the government has held more than 22,000 crores as stated by the FIEO recently.
Goods and services tax made a lot of changes to the indirect tax structure prevalent earlier than 1st July 2017 and made huge changes to make it accurate and uncomplicated as compared to past tax projects.
The government finally made a strict pool of GST officials against the tax evaders who are now liable for prosecution from both state and central GST officials in case they are caught doing unethical GST return filings.
As every Indian taxpayer knows about official GST return filing GSTN portal. The portal is used for filing GSTR forms 1-9 along with the tax payments.
E way bill now demands another compliance mandatorily to be followed as the GST network has made it compulsory to include the PIN code of the place where the consignment is to be loaded or unloaded.