Those paying goods and services tax (GST) after the due date have been given relief in the Budget. The Finance Bill, which is yet to be passed by Parliament, has proposed that interest would be charged on the delayed payment
The GST Network has developed a system whereby SMSes are being sent to promoters, directors and proprietors automatically in case of default in payment of tax, filing of returns or mismatch in ITC claims by the business entities, its Chief
The government on Thursday said it has identified 5,106 “risky exporters” so far who have claimed GST refunds based on bogus invoices, and would manually check their claims before issuing refunds. According to sources, such fraudulent claims of Integrated GST
The GST Council will take a final decision on the turnover threshold for issuance of e-invoice for B2B sales after consultation with states to curb GST evasion The government plans to roll out the e-invoice system by September
The Annual GST Return is an important document as the facts/ figures/ data disclosed in this document carries various implications. Any incorrect information may attract serious amount of litigations and disputes with the concerned tax authorities and accordingly the assesse
With India’s major tax reform, Goods & Services Tax (GST), speculations stating the new tax regime is supposedly going to help the nation achieve 9% growth rate, came in.
What is GST?
GST is a momentous Indirect Tax reform which