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GST council has made a virtual cadre that comprises 78 department staff that has been circulated across the state for streamlining e-governance executions. Finance Minister K. N. Balagopal, who formally inaugurated the cadre has addressed that the making of the procedure in the department plans to upgrade itself. The virtual cadre would indeed assist the […]
The central board of indirect taxes and customs CBIC is set to increase the scrutiny and departmental audits of the risky assessee to rectify the GST collections through the help of information and technology so as to provide the assurance that the decisions are transparent that the council opts. Towards the subject of union government […]
The changes drawn in the GST law under the finance bill 2022 can bring the cash inflow to the businesses and make the provision for the taxpayers to be accurate with their Input tax credit report when they file the returns. The amendments asked in the Union GST act sections concerning Input tax credit have […]
Everyone was concerned about the union budget 2022 and now it is finally out. FM Nirmala Sitharaman reflects various reasons for an effective future. The budget speech and the economic survey in 2021 show the economic revival of the country after the pandemic. Also, the deficiencies have been diminished, revamp in the foreign exchange reserves, […]
GST collection crossed Rs 1.30 lakh cr for the fourth time and stands on the revenue with the worth of Rs 1,38,394 crore in Jan 2022. The revenue that stands out in January 2022 was 15% more as compared to the previous year of the same month. Also, it is 25% more than the GST […]
The Supreme court of India surge the fine which was levied by the High court with respect to Telangana state’s GST officer for “unnecessary litigation”. The same has arrived post to the expiry of the load carriers e-way bill under GST because the carrier has been stuck in Hyderabad’s Basher Bagh area as there was […]
The government must draw the natural gas under GST compliance to discover the vision of the PM Narendra Modi on the subject of the economy of the gas and making the environment friendly fuel for India, the industry council that shows the likes of the Reliance Industries and the companies owned by the state. Natural […]
From the decision of the court, the GST council would recover the interest accrued on non-payment of GST because of the mismatch in the invoices excluding providing any notice. In the existing concern Bharti Airtel, the Punjab & Haryana High Court raises a stay order to recover the interest accrued to boost Rs 5.77 crore […]
The All India Gem and Jewellery Domestic Council (GJC) requested the government to diminish the rate of GST (goods and services tax) to 1.25%. Inside the pre-budget 2022-23 suggestions to the central finance minister Nirmala Sitharaman said that GJC seeks the cumulative GST rate with 1.25% relied on the revenue equivalence principle on gold, precious […]
