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The Haryana Government in a bid to recover the left dues amounting to approximately Rs 30,000 cr from the traders is set to introduce the one-time settlement (OTS) scheme focused on solving the incompleted VAT cases from the pre-GST era. According to the insiders, the scheme is expected to be discussed at the time of […]
The Kerala GST Department released a Standard Operating Procedure (SOP) on November 21, 2023, labelled as SGST/973/2023-LEGAL3, specifically addressing cases under the Insolvency and Bankruptcy Code (IBC), 2016 that come before the National Company Law Tribunal (NCLT). The IBC, established in 2016, aimed to streamline the diverse insolvency laws. It delegates insolvency proceedings to specialized […]
The Central Board of Indirect Taxes and Customs (CBIC) in its procedure for increasing clarity and simplifying the process has furnished the Instruction No. 04/2023-GST on November 23, 2023. Under distinct sections of the Central Goods and Service Tax Act, 2017 (CGST Act) the instruction is related to the issuance of the notices and stresses […]
The Ministry of Finance is positioned to start the pre-filled GST return forms prior to the subsequent financial year, which is anticipated to solve the problem of the bigger information mismatches directing to the tax notices, as per the senior government official. The department is currently assessing the added expenses involved in boosting the digital […]
Allahabad High Court’s for Clear Secured Services Private Limited
To prevent fraudsters from entering the system, the State Taxes & Excise Department has set a goal of achieving 100% approval of GST registrations through manual processes, following thorough verification of the documents submitted with the registration application. Additionally, the department is implementing appropriate measures to physically verify suspicious or dicey registrants. According to a […]
Hotel operators, particularly those in the mid-market and upscale sectors, are grappling with a pressing issue that could divert patrons towards standalone dining venues: an inconsistent goods and services tax (GST) framework. The crux revolves around the disparity in GST applied to food services. Patrons dining at standalone restaurants experience a consistent GST rate of […]
Finance Minister Nirmala Sitharaman said on Monday that the Goods and Services Tax (GST) system is progressing from unpredictability to assurance regarding certain matters. This statement aimed to alleviate concerns of global firms regarding “tax certainty,” particularly in light of recent tax demands and investigations conducted by revenue authorities. According to the Finance Minister, the […]
What is GST Compliance? In the ever-changing world of taxation, businesses face different kinds of barriers to ensuring adherence to Goods and Services Tax (GST) regulations. GST, a comprehensive indirect tax imposed on the provision of goods and services, has become a fundamental aspect of financial operations worldwide. This article delves into the fundamentals of […]
