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In a bid to adhere Goods and Services Tax (GST) Regime, an extensive drive has been launched by Delhi Government on 12 October 2018 which will help to keep an eye on tax defaulters those which are evading taxes under GST. Furthermore, it would help to increase revenue for the national capital.
Exporters and the overseas shipments are in liquidity problems as the government has held more than 22,000 crores as stated by the FIEO recently.
As every Indian taxpayer knows about official GST return filing GSTN portal. The portal is used for filing GSTR forms 1-9 along with the tax payments.
As per a ruling by the Haryana Authority for Advance Rulings, GST (Goods and Services Tax) will be applicable to the mining rights granted to miners and mining companies by the government at the same rate of 5% which is applicable to the supply of the material being mined.
A new profiteering case has come into light as a Gurugram based constructor and home provider, Pyramid Infratech, has been asked by the NAA to refund the benefit availed out of the input tax credit after the effective rate on affordable housing got reduced from 12 percent to 8 percent from January 25, 2018.
GSTR-2A, the GST return form which was introduced by the government in order to get the tax return simplified for all the purchase inwards of a business for matching purpose with the supplier.
In case of manufacturers, stockists, retailers and shopkeepers had claimed input tax credit under the goods and services tax in Kerala, they will have to return it along with penalties as a notification by the deputy commissioner, state GST department, Mattancherry asked it.
IGST is levied on the interstate supply of goods and services as well as Indian imports and exports. Exports are zero-rated under the IGST Act.
Twitter, a microblogging site, has had its fair share of promoters and negators. Those in favour see it as an ideal platform for reaching out to millions of people, customers, as well as clients.
