GST Wing directed to identify Tax Evaders and increase GST collection by 23% up...

The GST wing was given instructions on how to increase the tax base in the UT, identify defaulters, and concentrate on analysis to stop...

18% GST Applicable on Sale of Parking along with Flat

Sale of Parking Space along with Flat is liable to taxed at 18% under GST and not as Composite Supply 2023 (1) TMI 81 -...

What is Bogus Billing in GST ?

The term Bogus Billing or Fake Invoice is not defined under the GST Act and can be referred to as ‘Non-Compliant GST Invoice’ which...

Budget FY24: International Road Federation seeks removal of GST on helmets

At present a GST of 18 per cent is levied on helmets. ”IRF…in a letter written to the Union finance minister Nirmala Sitharaman has...

BUDGET 2023: FINTECH COMPANIES HOPE FOR TAX BREAKS, GST RATIONALISATION

Fintech start-ups are hoping the Union Budget 2023 will have announcements that will mitigate regulatory burdens, provide tax incentives or breaks and offer infrastructure...

GST on EV Charging – Sale of Electricity or Service of Charging?

Where the Activity of charging qualifies as sale of Electricity, the same would be Exempted from GST. On the other hand, if it qualifies...

Budget 2023 Expectations of Travel and Hospitality Industry

Budget 2023: The hospitality industry has undergone a lot of turmoil over the last two years due to the Covid-19 pandemic. However, it has...

EV Industry Expectations from Budget 2023

With a massive $222 billion market, India is in the fourth spot when it comes to automobile manufacturing in the world. The financial year 2022 witnessed...

GUIDELINES FOR LAUNCHING OF PROSECUTION UNDER THE CENTRAL GOODS & SERVICES TAX ACT, 2017...

F. No. GST/INV/Instructions/2021-22 Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs GST-Investigation Wing 10th Floor, Tower-II Jeevan Bharati Building Connaught Circus, New Delhi – 110001 Dated 01/09/2022 INSTRUCTION No....
Netizens Heavily Demand Extension of GST Amnesty Scheme till 31st December, 2020

Kerala GST Invites Amnesty Applications – A Welcome Step !

The Kerala State GST department has invited applications from traders to avail of the amnesty scheme announced in the state budget 2022. Applications can...
39th GST Council Meeting - Annual Return Relaxation, Late Fees Waiver, Interest & Return of Physical Verification at the time of GST Registration

Next GST Council Meeting May Exempt Small Online Retailers from Registration and Rejig Tax...

In a move that could boost the reach of small enterprises through e-commerce, small online sellers may soon be exempted from GST registration and the discussions...
MCA: Extension of time given to hold AGM for FY 2019-20

Statutory and Tax Compliance Calendar for June, 2022

Statutory and Tax Compliance Calendar for June, 2022 We have tried to compile updates till 31st May, 2022 and please note List of Compliance may...
GST NAA: Signature Builder guilty of denying additional ITC to home buyers

National Anti Profiteering Authority Likely to Subsume in CCI

The National Anti-profiteering Authority (NAA) is likely to merge with the Competition Commission of India (CCI) as the tenure of the GST watchdog is expired leaving...

Department Now Issuing More GST Audit Notices

The Central Board of Indirect Taxes and Customs (CBIC) will ensure that the growing number of GST audits meant to improve the quality of...
CA Final student arrested in GST scam of Rs 50.24 Crores

School Dropouts Executed 700 Crores GST Fraud, Arrested.

Five people from Gujarat have been arrested in connection with an alleged Goods and Services Tax (GST) credit fraud to the tune of ₹...

GST Officers Cannot Force Recovery During Search Operation

Tax authorities will now face action if a taxpayer makes voluntary payment of tax during a search. In a move aimed at curbing instances...

Haryana Revenue & GST Department to Share Data for Curbing GST Evasion on Commercial...

Government of Haryana Excise & Taxation Department Haryana Chandigarh, 23rd May 2022 PRESS RELEASE Haryana Revenue Department to Share data of Commercial Rent/Lease Deed with Haryana Excise and...

Can iphone be claimed under gst invoice

Yes, GST on Mobile phones can be claimed under certain conditions. But before talking about who can claim and how to claim, let us...

Can I Get Register For GST at My Home Address

In a nutshell the answer is YES. Read on to know why and how part of the answer. If you want to take your home...

GSTN Removes Submit Process Before Filing GSTR-1

GSTR-1/IFF enhancements deployed on GST Portal GSTR-1 enhancements & improvements : The statement of outward supplies in FORM GSTR-1 is to be furnished by all normal taxpayers on a...

GST Slab of 5% may be rejigged into 3% & 8% in Next Council...

In view of several states coming on board to raise revenue so that they do not have to depend on Centre for compensation, the...

Get Ready For Stiff GST Queries From Department

CBIC chairman Vivek Johri has written to field formations asking them to ensure scrutiny is conducted in a time-bound manner. "Zonal chiefs may like...

Rajasthan Eway Bills Rules Changed

NOTIFICATION NO. F. 17(131-PT.-II) ACCT/GST/2017/7713 DATED 24 MARCH 2022 • Amends Notification No. F.17(131)ACCT/GST/2017/3743v dated 6 August 2018 w.e.f. 1 April 2022.• Power exercised under...

Rajasthan Government Issues Notification Under GST for Tax Verification Manner & Allowing ITC

Rajasthan Government Issues Notification under GST for determining the manner for verification of deposit of tax, for allowing Input Tax Credit for pending demands qua assessment...

Rates of GST on Bricks Increased w.e.f 1.4.2022

In a big blow to kiln owners and consumers, GST on certain varieties of bricks has been hiked from 5% to 12% from April 1 and...

Income Tax & GST Changes on Real Estate Industry by Budget 2022

Income Tax Concept of Updated Return introduced in Section 139(8A) along with Payment of additional taxes of 25%/50% in non search, information etc routine cases...

GST Changes by Budget 2022

Goods and Service Tax Note: (a) CGST Act means Central Goods and Services Tax Act, 2017 (b) IGST Act means Integrated Goods and Services Tax...

All Budget 2022 Changes – At One Place

The provisions of Finance Bill, 2022 (hereafter referred to as "the Bill"), relating to direct taxes seek to amend the Income-tax Act, 1961 (hereafter...

ITC Only If in GSTR-2A w.e.f 1st January, 2022

Finance Ministry has notified January 1, 2022, as the date for norms making 100 per cent invoice matching mandatory under the Goods & Services...

From 1st Jan, GST Officials Will Knock Your Door Without Notice if …

From Jan 1, 2022, a GST rule is changing. The move will help curb the menace of fake billing whereby sellers would show higher...
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