It seems that Gujaratis Tourism is now back on the track after the major changes in the government policies due to demonetization effect and GST implementation throughout the country.
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It seems that Gujaratis Tourism is now back on the track after the major changes in the government policies due to demonetization effect and GST implementation throughout the country.
The Directorate General of Goods and Services Tax Intelligence (DGGST) has informed several banks by sending prior notices regarding the payment of taxes. It comprises SBI, HDFC, ICICI Bank, Axis Bank and several other banks.
The Consumer Welfare Fund was formed under The Central GST Act. The GST law is hard on anti-profiteers. Profits made from input tax credits under the new indirect tax law have to be passed on to the end consumer.
Under the goods and services tax regime, every taxpayer is supposed to file their taxes as of 20th August 2024 which is the due date for the filing of GSTR 3B and GSTR 5A without penalty. GSTR 5 form due date is 13th August 2024 for the month of July 2024. GSTR 5 is filed […]
The GST law defines strict penalty rules and offences guidelines for Indian taxpayers to follow and ensure frictionless intrastate or interstate goods movement, reduce corruption and efficient tax collection system.
It is expected that the goods and services tax can touch a skyhigh of 95000 crores of revenue collection this March 2018 when the return will be filed by April 20.
The central government recently revealed that the food and drinks which is distributed at the educational institutes are subjected to the 5 percent goods and services tax.
The tax department has started sending notices to taxpayers asking them to provide documents in support of the transitional credit claims filed by them.
The recently made president of Confederation of Indian Industry (CII) Rakesh Bharti Mittal came against the multiple numbers of tax slabs of GST and asked for rather rationalised tax slab structure.