In a major relief provided by the CBIC, the agency has now allowed the PAN submission of exporters for the GST refund clearance in case any refund is held up due to the mismatch of any details such as GSTIN printed on return forms or shipping bills.
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In a major relief provided by the CBIC, the agency has now allowed the PAN submission of exporters for the GST refund clearance in case any refund is held up due to the mismatch of any details such as GSTIN printed on return forms or shipping bills.
Recently, there was discontentment within the finance ministry over the Tax revenues collected by the separate authorities including state and central government.
The GST E Way Bill has finally spread across India from 3rd June 2018 in its full glory. The E Way Bill is an online mechanism to be followed while transporting goods from one place to another.
The pharmaceutical companies practice of giving free products and samples are under consideration for goods and services tax.
The increase in the frequency of notices served for mismatch of input tax credit (ITC) claimed in the GSTR-3B forms filed by the taxpayer against that of the auto-generated GSTR-2A form must clear all doubts that exist regarding the efficiency of GST.
A report released by Federation of Indian Export Organisations (FIEO) reveals that the government owes more than Rs 20,000 crore in GST refunds, of which half the amount is pending as input tax credit.
The GST is self-assessing by nature while more than 1 crore Taxpayers are registered under GST. Self-Assessment is necessary to determine tax liabilities.
GSTR 10 is a final return form which is furnished by the taxable person whose GST registration is annulled or surrendered.
The multi-level pay parking project, the foundation of which was laid in September 2015 by the Margao Municipal Council’s (MMC), is still on hold owing to various GST issues. The major issue is of the calculation of the right GST amount for the project.