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Search results for: GST council

Businessman Under Arrest for GST Fake Invoices

MH Dept Arrests Businessman for GST Fake Invoices of INR 2,100 CR

In the concern of issuing the fake invoices of Rs 2100 cr and availing for ITC of Rs 185 cr. The Maharashtra Department of Goods and Services Tax has captured the person who is running a business in Mumbai. He frames a bogus picture by mentioning that he is running 30 companies to provide the […]

Linked to Biometrics for GST Registrations

Law Panel Suggests Linked to Biometrics with New GST Registration

Those who do not have the Aadhar number will not proceed with the latest goods and services GST enrollment. The authorities seek to check that the GST is linked with the biometric details with the live photograph of the registrant so as to clarify the GST fraud. A new GST should seek an Aadhaar-like process […]

Byjus CFO Called by DGGSTI

Byju’s CFO to Appear for In-Person in Case Related to GST Filings

In the recent development of Byju’s GST issue, the chief financial officer PV Rao is required to be present in person at the statement recording concerned with the GST filing Get to know the online procedure of filing GST returns in India. We provide each and every GST form according to the taxpayers category. Due […]

GST Notices for Voluntary Payments

Govt Sent Notices for Past GST DRC 03 (Voluntary Payments)

Against the bogus invoices, the government has taken measures. The government has started questioning the assessee that why they on their own paid the taxes since GST was incorporated. The question affects the taxpayers who are already facing a hard time due to pandemics. Beneath the GST the assessee can release the outstanding tax liability […]

GST Turnover Details Under 26AS Form

DoR: No Hard Work Related to GST turnover Under 26AS for Taxpayers

The revenue council on Monday specified that people are not paying the returns despite they have been founded with turnover in crores and declares that for the honest assessees while also stating that there will be no major amendment in the reporting of GST turnover data in Form 26AS. There is no more load on […]

Latest Updates Under GST e-invoicing

GST E-invoice Compulsory for Firms If T.O. More Than INR 100 Crores

The central board of indirect taxes and customs (CBIC) on Tuesday signifies that GST e-invoicing is important for several businesses particularly for those whose turnover is more than Rs 100 cr from January 1, 2021. Prior to it, the set limit was the turnover of Rs 500 cr. “In exercise of the powers conferred by […]

GST on One Time Long Term Lease Premium

Applicability of GST on One Time Long Term Lease Premium: Gujarat AAR

The Gujarat Authority of Advance ruling (AAR) directed that Goods and Service Tax (GST) should be imposed on one time long term lease premium obligated to pay via Jinmangal Corporation to Ahmedabad Urban Development Authority. The Petitioner is the owner of Jinmangal Corporation acquired a bid for plot Chandkheda by e-auction carried by the Ahmedabad […]

36 Percent Hike in GST Returns

Official GST Portal Gets 36% More GST Returns in October 2020

A 36% increase seen in the monthly GST returns (GSTR-3B) for October month with respect to a similar period last year; this is because the monthly rise grew by 10% and crossed the Rs 1 lakh crore mark for the 1st time in the present financial year. In the month of September GST network, GSTN […]

15th Finance Commission on GST Dues to States

15th FC: GST Compensation to States Could Reach INR 7 Lakh CR in 2022

The bridge between the collection of GST cess along with the revenue shortfall seen by the states to implement the goods and service tax can lie between anywhere from Rs 5 lakh crore to Rs 7 lakh crore as by June 2022 as from Rs 2.35 lakh crore expected for this year, the 15th finance […]

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