A panel of states' finance ministers is likely to submit their report on taxation of casinos and online gaming to FM Nirmala Sitharaman in a day or two, as per a report by PTI news agency.
Read MoreNEW DELHI : Easing global commodity prices bodes well for the economy and will reflect positively on the current account deficit (CAD) even as the central government keeps a close watch on trends in inflation, especially from the perspective of protecting the interests of the poor and the middle class, a top government official said on Thursday. A promising monsoon means half the battle is won, the person said.
Read MoreThe government has clarified on the new GST or goods and services tax rules on rent, which came into effect from 18th July. In a tweet, PIB said that “renting of residential unit taxable only when it is rented to business entity️." It further clarified that “no GST when it is rented to private person for personal use; no GST even if proprietor or partner of firm rents residence for personal use."
Read MoreSource: https://taxguru.in/goods-and-service-tax/functionalities-taxpayers-gst-portal-july-2022.html
Earlier only a single Trade Name was being captured during New Registrations and subsequent amendment in core field for Normal Taxpayer on the Portal.
Now taxpayers have been provided with an option to provide up to 9 additional trade names for a single GSTIN registration through core field amendment. The Taxpayer can upload supporting document for trade name of size 5 MB. Both these new fields will be kept optional.
CGST Mumbai (South) Commissionerate busts Rs. 455 Crore fake GST invoice racket – One person Arrested
Read MoreNEW DELHI : The revenue department should make a concrete blueprint for clearing the backlog of tax arrears that has soared to ₹21 trillion, a Parliamentary panel has told the Revenue Department in the just concluded monsoon session, official documents showed.
Read MoreOption in Form RFD-01 to get refund arising out of excess payment in GSTR 4, for Taxpayer under Composition levy
Read MoreSource: https://taxguru.in/goods-and-service-tax/functionality-search-view-advance-ruling-orders-gst.html
♦ Earlier, there was no functionality available to search for the Advance Ruling Orders issued by the Authority / Appellate Authority for Advance Ruling.
Read More(a) the details of the number of registered dealers coming under the Centre who did not pay a single rupee or paid very less as tax under the Goods and Services Tax (GST) since its implementation, State-wise;
Read MoreSource: https://taxguru.in/goods-and-service-tax/gst-sarais-run-religious-charitable-trusts.html
GST has recently been imposed with effect from 18 July, 2022. Certain sections of the media and social media are spreading the message that GST has recently been imposed with effect from 18 July, 2022 even on ‘Sarais’ run by religious/charitable trusts. This is not true. The correct position is detailed below:
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