Taxpayer advised to check if availing ITC as per law while filing GSTR2B
  • 20 Jun 2022 06:12 PM
  • New

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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GST Council to meet in Srinagar by June-end
  • 17 Jun 2022 05:19 PM
  • New

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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GST Registration cancellation drive by Government of Haryana
  • 17 Jun 2022 05:31 PM
  • New

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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GST made it easier to do business: Deloitte survey
  • 16 Jun 2022 05:23 PM

GST made it easier to do business: Deloitte survey

Source: https://www.livemint.com/news/india/gst-made-it-easier-to-do-business-deloitte-survey-11655309271905.html

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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GST rate rationalization panel to meet virtually on Friday
  • 16 Jun 2022 05:28 PM

GST rate rationalization panel to meet virtually on Friday

Source: https://www.livemint.com/news/india/gst-rate-rationalization-panel-to-meet-virtually-on-friday-11655311253282.html

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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GST made it easy to do biz, says Deloitte industry survey
  • 16 Jun 2022 05:35 PM

GST made it easy to do biz, says Deloitte industry survey

Source: https://www.livemint.com/companies/news/gst-made-it-easy-to-do-biz-says-deloitte-industry-survey-11655320210159.html

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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GST faces its biggest challenge yet after a top court ruling
  • 16 Jun 2022 05:52 PM

GST faces its biggest challenge yet after a top court ruling

Source: https://www.livemint.com/news/india/gst-faces-its-biggest-challenge-yet-after-a-top-court-ruling-11655373466813.html

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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GST Council's 47th meeting to be held on 28, 29 June in Srinagar: FM Sitharaman
  • 16 Jun 2022 05:56 PM

GST Council's 47th meeting to be held on 28, 29 June in Srinagar: FM Sitharaman

Source: https://www.livemint.com/news/india/gst-council-s-47th-meeting-to-be-held-on-28-29-june-fm-sitharaman-11655377407641.html

The 47th meeting of the Goods and Services Tax (GST) Council will be held on 28 and 29 June, 2022 in Srinagar, Union Finance Minister Nirmala Sitharaman said on Thursday.

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Centre issues guidelines on 2 key tax dispute settlement schemes
  • 15 Jun 2022 05:27 PM

Centre issues guidelines on 2 key tax dispute settlement schemes

Source: https://www.livemint.com/news/india/centre-issues-guidelines-on-2-key-tax-dispute-settlement-schemes-11655235624925.html

NEW DELHI : The Central Board of Direct Taxes (CBDT) has issued a set of guidelines on the interplay between two key schemes meant for minimising litigation--the Vivad se Vishwas direct tax dispute settlement scheme and the mutual agreement procedure (MAP) that offers relief to multinational companies.

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90% of Indian industry leaders feel GST has made doing business easy: Survey
  • 15 Jun 2022 05:33 PM

90% of Indian industry leaders feel GST has made doing business easy: Survey

Source: https://www.livemint.com/news/india/90-of-indian-industry-leaders-feel-gst-has-made-doing-business-easy-survey-11655286448937.html

About 90 per cent of Indian industry leaders feel that GST has made doing business easier by bringing down barriers across the country, a survey showed on Wednesday.

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