Under GST, disputes arise from differences in tax paid by the assessees and the computation of tax liability by authorities.
Read MoreSource: https://taxguru.in/goods-and-service-tax/representation-regarding-restriction-claiming-itc.html
ALL GUJARAT FEDERATION OF TAX CONSULTANTS
Read MoreDepartmental GST audits have in recent months picked up momentum after businesses were given time to adapt to the new indirect tax regime rolled out in 2017.
Read MoreNew Delhi: The north-eastern states have been the biggest beneficiaries of the five-year-old goods and services tax (GST) regime, according to the Reserve Bank of India (RBI) report on State Finances released earlier this week. Mint explains how some states gained but others didn’t.
Read MoreMost analysts don't see major announcements in the space, however, they expect some PLI-like incentives, some relief in GST (especially for electric vehicles), and further smoothening in the manufacturing process.
Read MoreNEW DELHI : Businesses may have to wait longer for quicker resolution of Goods and Services Tax (GST)-related disputes under the proposed appellate tribunals, as the Finance Bill 2023 is expected to skip crucial amendments needed in this regard.
Read MoreRequest to issue special one-time relaxation for cases where the time limit for filing of appeal u/s 107 of the CGST/SGST Act is expired and no appeal has been filed and to increase the period of condonation of a delay from one month to one year.
Read MoreSource: https://www.livemint.com/companies/start-ups/gaming-cos-hope-for-tax-relief-11674055031675.html
NEW DELHI : The Indian gaming industry, which includes real money gaming, esports and fantasy sports, is pushing for a status quo or even lower tax regime in the Union budget.
Read MoreBENGALURU : The economies of half-a-dozen states are set to be “most severely affected" because of the termination of the goods and services tax compensation programme in June last year, a Reserve Bank of India report on state finances said.
Read MoreSource: https://www.livemint.com/industry/energy/pgcil-drops-second-invit-tranche-plan-11674062800103.html
NEW DELHI : State-run Power Grid Corp. of India Ltd (PGCIL) has dropped plans for its second infrastructure investment trust (InvIT) tranche in the current fiscal under the government’s National Monetisation Pipeline (NMP), and is instead exploring monetising receivables from specific projects by securitising their cash flow, said two people aware of the development.
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