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The government has identified hundreds of fake companies taking input tax from the government in the name of the goods and services tax (GST). Now the government is set to take action against them. These companies besides taking the input credit from the government in a fraudulent way, also help other companies in stealing GST. […]
The time period of almost two years since the GST regime started on July 1, 2017, has not been proved sufficient to utterly manifest the very spirit of GST – the common national market. With the beginning of Goods and Services Tax (GST) on July 1 2017, the government in its manifesto assured the creation […]
As per the Economic point of view of the OECD, there will be an increase of 7.50 per cent in the strength of the Indian economy by the year 2020. A new income scheme will be set for the small farmers will help in rural utilization. There will be an increase in Investment growth because […]
While filing the returns, there are possibilities that the taxpayers might face the errors and there are also relevant GST error codes displayed on the screen. So to solve this problem we have come up with this GSTR 1 error code of JSON, under this article we will provide you with the solutions to such […]
GST system is not likely to curtail the large deficits of State Government due to rising social sector expenditure and capital spending. According to reports, the Goods and Services Tax (GST) regime in India is improbable to eliminate the deficits of state governments significantly. The large and increasing expenditure requirement for the social sector and […]
Traders of Tamil Nadu urged to look into the GST (Goods and Services Tax) and make changes in it. They also demanded to remove the 18 per cent of the collection which is charged for bank transactions and to include the diesel and petrol under the GST. As on 5th May the Traders day was […]
As per the report, there has been a reduction in the number of people who file ITR (Income Tax Returns) by 1 per cent in FY 2019 even though the government has tried much to expand the tax base further indicated a deep recession in the overall economy. In 2016, the government took a very […]
GST officers are trying to figure out a solution for dealing with the B2C entities and small restaurants who are collecting tax from their customers but are not paying it to the government. This step is being taken because many customers filed the complaints about being charged GST from the small restaurants but instead of […]
Recently, the companies whose tax payments do not match with the e-way bills generated have been asked for clarification by the GST officers. The revenue authorities have found this tax evasion while matching outward good supplies with the data, as reported from the sources.
