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Taxpayers these days are running head and toes for their documents which have to submit within 7 days after getting the due noticed from the income tax department.
DBB, a large FMCG sector company, has filed a petition in the Nainital Bench of the Uttarakhand High Court. The petition is regarding Dabur’s refusal to pay ITC under GST on goods manufactured in special exempted states during the VAT regime.
While the GST regime in India is about to complete one year of implementation, many sectors still struggle with post-GST issues.
Around 70% of the total 1.1 crores registered businesses have been filing regular returns within the deadline, confirmed GSTN CEO Prakash Kumar.
In sharp contrast to underlying industry doubts, all National Anti-Profiteering Authority orders under the goods and services tax (GST) have gone against the complainants.
India doing well in the ease of doing business criteria means an increase in foreign investments but India’s domestic industries are still getting at ease with GST.
Seeking the sudden action on the announcement of levy of Goods and Services from ‘duty-free’ vendors at airports for international passengers from Authority for Advance Ruling (AAR), New Delhi in March 2018.
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.
Following the recent hike in petrol prices, Taxpayers’ Association and People For India jointly condemned the Central and State (Andhra Pradesh) government and asked to bring petroleum products under the GST ambit.
