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INR 1 trillion GST has been collected for the very first time in the eight months in October post unlocking from September. Any month GST collection resembles the business received in the previous month. There is only a 10% rise at Rs 95,379 cr from the previous year which stood at Rs 1.05 trillion which […]
On the grounds of specific intelligence, the administrators of the anti-theft branch of Central Goods and Service Tax (CGST), Commissionerate, Delhi (East) have smashed a big racket for the generation of the huge unacceptable input tax credit (ITC) via dummy billing of approximately Rs 1278 crore. An effective committee was managing it by running the […]
The Gujarat high court ruled that the commissioner has given the right to arrest before finishing the assessment. The applicant is the owner of M/s Heugo Metal who handles the trade and supply for the stainless steel as well as scrap and was utilizing the godown space. The applicant was not able to stay with […]
From October 2017 The Gujarat High Court has refused to refund the advance authorization licenses whose validity is on hold of the change driven by the central goods and service tax rules Get the brief introduction of SGST, IGST and CGST. We have mentioned their full forms, meanings and adjustments of input tax credit under […]
The ITC 01 is a significant filing form for all the taxpayers concerned with the input tax credit availed. There are multiple features and reasonable points which are important to be noticed. The ITC 01 form has to be filed by every fresh registration for GST by the taxpayer to avail the input tax credit. […]
The government plans to have artificial intelligence (AI) as well as Aadhar enrolment to prepare the list of uncertain companies to examine the Goods and Services Tax (GST) theft. Thus there is a risk for such firms which will be stated as risky to track their activities as per the finance ministry. A racket of […]
Delhi government has stated that the recent amendment in the Reverse Charge Mechanism Get an easy guide to RCM (reverse charge mechanism) introduced in GST India same as VAT basis. Also, We covered the topic in all aspects along with systematic manner to give motor vehicles on rent. On 30th June 2017 the governor of […]
The government of Delhi specifies that Delhi Goods and services tax (3rd alteration) Rules, 2020 to change the rules Delhi Goods and services tax 2017. On providing the application the notification reveals that the applicant is liable for the testimonial process of Aadhar number for giving the enrollment from April 1, 2020. There occurs a […]
The Tamil Nadu Authority of Advance Ruling (AAR) directed that GST is excused on the supply of Dress, School Bag, Boots etc. to students excluding the compensation to Government Supported schools. The petitioner Tamil Nadu Textbook and Educational Services Corporation is regulated through the government of Tamil Nadu and thus they are the body of […]
