- 23 Jun 2022 06:24 PM
- New
GST on cryptocurrency likely as council may take decision next week
In what could further spoil the mood of crypto investors in the country, GST council will meet next week to discuss a goods and services tax (GST) on cryptocurrency transactions, a report by Bloomberg suggested.
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- 23 Jun 2022 06:29 PM
- New
GST Council ready to meet; here's what's on the agenda
BENGALURU/NEW DELHI : The GST Council is set to give extra time for officials to demand tax dues and for businesses to seek refund for past years in view of the disruption caused by the pandemic. The Council may also revise tax rates on certain items such as accessories used by cancer patients, imported defence items and tetra packs.
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- 20 Jun 2022 06:03 PM
- New
CBIC urges taxpayers to file GST returns by due date
NEW DELHI : Central Board of Indirect Taxes and Customs (CBIC) has urged tax payers to file their monthly Goods and Services Tax (GST) returns for May by 20 June as delay would lead to late fee and interest liability.
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- 20 Jun 2022 06:12 PM
Taxpayer advised to check if availing ITC as per law while filing GSTR2B
Source: https://taxguru.in/goods-and-service-tax/availing-itc-law-gstr2b.html
For some of the taxpayers, there was an issue in relation to duplicate entries in GSTR2B which has since been fixed and correct GSTR 2B has been generated. In this regard, taxpayers while filing GSTR3B are advised to check and ensure that the value of ITC they are availing is correct as per the law.
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- 17 Jun 2022 05:19 PM
GST Council to meet in Srinagar by June-end
Source: https://www.livemint.com/news/india/gst-council-to-meet-in-srinagar-by-juneend-11655385595140.html
NEW DELHI : Federal indirect tax body, the Goods and Services Tax (GST) Council will meet for two days from 28 June in Srinagar, finance minister Nirmala Sitharaman , who chairs the Council, said in a social media post on Thursday.
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- 17 Jun 2022 05:31 PM
GST Registration cancellation drive by Government of Haryana
Source: https://taxguru.in/goods-and-service-tax/gst-registration-cancellation-drive-government-haryana.html
The Excise and Taxation Department, Government of Haryana conducted a Cancellation Drive against those taxpayers who had not filed their Returns (GSTR-3B for Normal taxpayers and CMP-08 for Composition taxpayers) since April 2021. The drive commenced on 5th April 2022.
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- 16 Jun 2022 05:23 PM
GST made it easier to do business: Deloitte survey
NEW DELHI : Industry leaders are of the view that introduction of Goods and Services Tax (GST) reform has brought down barriers across the country and made doing business easy and effective for both businesses and taxpayers, Deloitte Touche Tohmatsu India LLP said on Wednesday quoting an industry survey it held.
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- 16 Jun 2022 05:28 PM
GST rate rationalization panel to meet virtually on Friday
NEW DELHI : A ministerial committee on Goods and Services Tax (GST) rate rationalization led by Karnataka Chief minister Basavaraj Bommai will meet on Friday to examine various options for tax rate changes and revenue augmentation keeping in mind the current macroeconomic context.
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- 16 Jun 2022 05:35 PM
GST made it easy to do biz, says Deloitte industry survey
Industry leaders are of the view that introduction of the goods and services tax (GST) has brought down barriers across the country and made doing business easy and effective for both businesses and taxpayers, Deloitte Touche Tohmatsu India LLP said on Wednesday quoting an industry survey that it held.
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- 16 Jun 2022 05:52 PM
GST faces its biggest challenge yet after a top court ruling
Several Indian states are pressuring Prime Minister Narendra Modi’s government to extend a program to continue compensation for losses from a goods and services tax or risk a stalemate in attempts to further simplify the structure. It poses the biggest challenge yet to the country’s most significant tax reform in decades.
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