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Changes in Customs and GST Regulations That are Beneficial

The Finance Ministry has given instructions to ensure the seamless implementation of the amended Customs regulations that allow for end-use-based notifications. The rules to simplify the procedures for converting shipping bills from one export promotion programme to another have been made public. From the beginning of next month, all taxpayers with a turnover of more…

Geolocation is required for new GST registrations and address changes for existing GST registrations on the GST Portal: GSTN.

The Goods and Services Tax Network (GSTN) has enabled the new ‘Geo-location’ functionality for filling out the Address of a new registration and changing the address of an existing registration. According to the GST Act and Rules, if the address of the major place of business or any other place of business changes, GST FORM…

चुकीचा रिटर्न भरल्यास नोटीस ऐवजी आता थेट होणार वसुली, वाचा का होणार कारवाई

कोणतीही चूक न करता जीएसटी रिटर्न (GST Return) भरणं आता फायद्याचं ठरणार आहे, तर चुका करणं महागात पडणार आहे. चुकीचा जीएसटी रिटर्न भरणे नवीन वर्षात महागात पडणार आहे. 1 जानेवारीपासून वस्तू आणि सेवा कर अधिकारी चुकीचा जीएसटी रिटर्न भरणाऱ्या व्यापाऱ्यांविरुद्ध वसुलीसाठी थेट पावले उचलू शकतात. चुकीची बिले दाखवण्याच्या प्रवृत्तीला आळा घालण्यासाठी यामुळे मदत होईल. अनेकदा…

Govt Begins Review of Tax Exemptions

The Centre has requested proposals from trade and industry bodies on prospective adjustments in direct and indirect taxes, with the goal of increasing the tax base while lowering rates in the next budget, which is due in three months. The revenue department of the finance ministry has written to the various organisations, asking them to…