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In order to check GST evasion, frauds, and increase compliance under GST, the Government comes up with a new rule. According to this new rule, a taxpayer who has not filed the GSTR 3B for two consecutive months will get blocked to use the facility to generate an e-way bill. The E-way bill is an […]
Under the surveillance of Chandigarh tax administration, a separate Intelligence Unit has been set up centric to issues like tax evasion, GST and revenue collection. The newly constituted intelligence department will work primarily towards curbing tax evasion from the grounds of Chandigarh. Collaborating with the Excise and Taxation Department, the Intelligence will investigate every aspect […]
It is a Momento for all the businesses operating in India if the annual turnover of any business is more than Rs. 100 Crore then the supplier is required to generate the e-invoice for every sale. E-invoicing will be mandatory for such business from 1 April 2020. The provision will favour the tax government against […]
The government has to put in extra efforts to achieve its tax collection targets for FY 2019-20, stated by Lok Sabha. As per the data accumulated for the first seven months of the current fiscal year, the direct tax These types of taxes are directly imposed and paid to the government of India. Example of […]
According to the latest amendment in the said notification, an explanation shall be added in the Table. The explanation reflects the inclusions under the term “bus body building“. The explanation shall be entered against serial number 26, in column (3), in item (ic), in the table. The explanation reads, “For the purposes of this entry, […]
Sign of Relief for Bharti Airtel, Vodafone and Idea – The Department of Telecommunications will turn out the Goods & Services Tax Council through the Finance Ministry for the pending (ITC) Input Tax Credit As the deadline for filing GST returns under the new, revised mechanism is approaching, many taxpayers are still confused regarding the […]
Small town based tax officials have sent written GST notices to many companies catering the financials services seeking details about the tax paid, revenue generated and organisational framework. This has germinated fear within these companies that if their compliance burden would rise. Indirect tax officials have started scrutinising the companies based across India. A Mumbai […]
The Insurance Corporation Employees Union has put forth a demand to remove GST on premiums. In 2014, GST at the rate of 18% was imposed on premiums for insurance policies by the Central Government. At the same time, interest for loans on policies and policies renewal were also not escaped by GST implementation. According to […]
Urging on the need to call for a GST council meeting, Bengal Finance Amit Mitra said that there should be a meeting to discuss the unsteady GST collections, various GST rates Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like 5%, 12%, 18% […]
