Powerd By SAG INFOTECH
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The Central Board of Indirect Taxes and Customs (CBIC) published a thorough explanation on submitting information regarding the reversal ITC and ineligible ITC as well in August 2022. State GST authorities have asked assessees to furnish true and proper details of ineligible Input Tax Credits (ITC) and reversals. This is significant since the GST return […]
Dr Amit Mitra, Former Finance Minister of West Bengal on Wednesday wrote to Union Finance Minister Nirmala Sitharaman aiming for an urgent Goods and Services Tax (GST) Council meeting, which he pointed out had not taken place in the last four and a half months. He was one of the founding members of the GST […]
At the end of the next year, the centre would have intended to set the GST appellate tribunals (GSTATs) in the country with the principal bench in New Delhi to solve the issues concerning the indirect tax and facilitate doing business and increase the collection of taxes. Despite the launch of the GST, the country […]
The GST wing of the Central Board of Indirect Taxes and Customs (CBIC) would have issued GST show-cause notices to various tax-evading entities underpaying taxes. Under reports, the department would provide more than 20,000 notices to the defaulters. For the concern of tax evasion in FY 2017-18, nearly 20,000 notices were issued post-scrutiny of the […]
Since inflation seems to surged for a longer duration and the major state elections are due in 2023, the union government might opt not to restructure the GST slabs prior to the same leaving office in May 2024, as per the officials. Post to the state assemblies elections in Himachal Pradesh in the month of […]
E-way bill generation would have spotted a surge in the month of March in the current year, directing to the record-high GST collection Electronic permits for transporting goods within and across states (e-way bills) have attained the highest record of over 84 million in the month of September, which shows the growth of the economy […]
The Chandigarh bench of the Income Tax Appellate Tribunal ( ITAT ) held that transport aggregator Ola ( ANI Technologies Private Limited ) is not responsible to deduct withholding TDS deductions on driver payments. ITAT ruled that Ola acts as the only intermediary. The role of Ola would be restricted to handling and functioning the […]
The Income-tax department has undertaken search operations at over 100 locations in various states such as Maharashtra, Delhi, Haryana, and Uttar Pradesh. They performed Income-tax surveys in different locations all over Delhi. As per the tax administrators, the held investigation was performed because of some alleged mismatches in funding these bodies. The searches were performed […]
GST council shall not change anything in the tax slabs in the present fiscal year. Higher inflation diminishes the actions taken on an urgent basis as the purpose of the revenue neutral rate (RNR) will inevitably direct to higher rates for a large number of items and lastly their prices hikes. GoM on the GST […]
