Powerd By SAG INFOTECH
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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 […]
The Karnataka High Court in a ruling asked the department to restore the denied GST enrollment since the taxpayer can not furnish the GST returns because of the untimely death of the auditor. The petitioner, M/s Kolapudi Enoch Washington mentioned that because of the sudden death of his auditor he can not incur the GST […]
The brick makers who are on strike for nearly 4 months have requested the government to reduce the GST rate on the bricks from 6 % to the former level of 1%. The new GST rate would come into force from April 1, 2022, Omvir Singh Bhati, General Secretary of the All India Brick and […]
The GST law execution in India would have been started through the narrative of national ambition and that of a global exception. To ease the whole GST framework for India Inc the government is enduring a lot via revising the reporting method to make the GST a Good and simple tax for exclusively non-compliant assessees […]
The Telangana Appellate Authority of Advance Ruling (AAAR) ruled that the liquidated damages can be recovered via petitioner from Bi-electric India on the basis of late commissioning that does not entitle the supply and there would be no GST subject to be paid. The two-member bench of B.V. Siva Naga Kumari and Neetu Prasad sees […]
A lot of challenges have been faced by the idea of the government i.e merging the National Anti-profiteering Authority (NAA), which penalizes businesses for goods and services tax (GST)-affiliated profiteering, with the anti-trust regulator Competition Commission of India (CCI) along with the short span of nearly about a month left prior to the lapse of […]
“A proposal is under consideration to raise the threshold to Rs 5 crore for initiating criminal prosecution. The matter will be put up before GST Council soon” said the senior officials. GST evasion with Rs 2 to 5 cr shall draw three years in jail. If the tax evasion is up to Rs 2 crore […]
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 […]
