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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 […]
The Central Board of Indirect Taxes and Customs (CBIC) provided guidelines on pre-deposit payment methods in central excise and service tax cases. Some Commissioners (Appeals) have dismissed pleas for non-compliance with pre-deposit needs mandated under Section 35F of the Central Excise Act, 1994, read with Section 35F of the CEA. Payments were made through Form […]
Central Board of Indirect Taxes and Customs (CBIC) has postponed the due date to avail the ITC for FY22 from October 20 to November 30, the same is decided towards the relief of the Goods and Services assesses during the festival season. The last date to provide the credit notes along with the declaration in […]
Central Board of Indirect Taxes and Customs (CBIC) made the system for online GST audit tracking via tax officials all over the country for proper audit procedures. GST audits would start in the same year and would be managed by the tax authority mentioning a proper process for ensuring satisfactory tax returns while the same […]
The GST annual return forms, GSTR-9, and GSTR-9C would be available on the portal for filing. GSTR 9 is a Return Form and GSTR-9C is a Reconciliation Statement. 31st Dec 2022 will be the due date to file the annual statement and return. Submit Query for GSTR-9 Software GSTR-9 form is said to be the […]
The Goods and Services Tax Network (GSTN) has issued an advisory on the forthcoming revisions in the GSTR-3B return for the assessee. On 5th July 2022, the government vides notification no 14/2022 – Central Tax would be notified with some amendments in Table 4 of Form GSTR-3B needing the assessee to notify the details on […]
To restrict the fake ITC claim and tax evasion, the CBIC would reveal nearly 40,000 GST returns for 2018-19 relying on the risk parameters for the scrutiny. The same shall be the 2nd batch of GST returns that will be liable for investigation post to CBIC has shown 35000 GST Identification Number (GSTINs) (allocated to […]
The Central Board of Indirect Taxes and Customs (CBIC) will circulate a standard operating procedure (SOP) for serving summons along with the notices under the goods and services tax (GST) regime, to limit the harassment of businesses. The latest SOP would permit the board to track the GST probe, along with its progress and the […]
Various advantages such as free beverages, canteen facilities, free parking space, journal subscriptions or even group medical insurance furnished via businesses to its employees for the contractual agreement between the two, are not for Goods and Services Tax (GST). The same GST circular on the taxability of the perquisites to the employees would be provided […]
