34 Suggestion on Budget 2022 Proposal for GST
  • 24 Jan 2022 06:39 PM
  • New

34 Suggestion on Budget 2022 Proposal for GST

Source: https://taxguru.in/goods-and-service-tax/34-suggestion-budget-2022-proposal-gst.html

BJP Professional Cell, Mumbai has made a representation to Honorable Union Finance Minister and suggested 34 changes related to GST in Union Budget 2022 so that difficulties faced by Common GST Taxpayers can be removed.

Read More
Businessman arrested for running fake ITC network
  • 24 Jan 2022 06:51 PM
  • New
MTPA Call for GST protest week and common representation
  • 20 Jan 2022 06:08 PM
  • New

MTPA Call for GST protest week and common representation

Source: https://taxguru.in/goods-and-service-tax/call-gst-protest-week-common-representation.html

This is the advice given by 16 century Saint Ramdas from Maharashtra to (king) Chatrapati Shivaji Maharaj. In essence it means “one who organises mass movement gets the strength. But he cautions that it have backing of God, meaning there by that the goal should be noble.”

Read More
Arrest under GST still remains a grey area
  • 15 Dec 2021 03:58 PM

Arrest under GST still remains a grey area

Source: https://economictimes.indiatimes.com/small-biz/gst/arrest-under-gst-still-remains-a-grey-area/articleshow/88293292.cms

If the GST commissioner has a ‘reason to believe’ that the person has committed some offense and the amount of tax evasion is more than 5 crore, then he can order his arrest.

Read More
Companies, exporters cry foul as taxman raise fresh GST demands on ocean freight even as issue is pending in SC
  • 18 Jan 2022 06:18 PM

Companies, exporters cry foul as taxman raise fresh GST demands on ocean freight even as issue is pending in SC

Source: https://economictimes.indiatimes.com/small-biz/gst/companies-exporters-cry-foul-as-taxman-raise-fresh-gst-demands-on-ocean-freight-even-as-issue-is-pending-in-sc/articleshow/88964992.cms

The issue of Goods and Services Tax (GST) on ocean freight has come to haunt many companies as the tax department has started raising fresh queries over tax applicability on transportation of imported goods through the sea route even as the matter is pending in various courts.

Read More
Special drive in Haryana against 81 risky GST taxpayers
  • 17 Jan 2022 12:18 PM

Special drive in Haryana against 81 risky GST taxpayers

Source: https://taxguru.in/goods-and-service-tax/special-drive-haryana-81-risky-gst-taxpayers.html

The Excise and Taxation Department, Government of Haryana identified a list of 81 risky taxpayers exhibiting considerable shortfall in tax paid (25 taxpayers having GSTR1-GSTR3B mismatch worth 117.23 Crores) and mismatch in Input Tax Credit availed (56 taxpayers having GSTR2A­-GSTR3B mismatch worth Rs. 63.64 Crores).

Read More
Attention GST taxpayers! File GSTR-7 return for Dec before 10 Jan. Details here
  • 10 Jan 2022 06:02 PM

Attention GST taxpayers! File GSTR-7 return for Dec before 10 Jan. Details here

Source: https://www.livemint.com/news/india/attention-gst-taxpayers-file-gstr-7-return-for-dec-before-10-jan-details-here-11641747174086.html

There is a piece of information for the Goods and Services Tax (GST) taxpayers. The Central Board of Indirect Taxes and Customs (CBIC) has notified to file the GSTR-7 Return for the month of December 2021 by 10 January 2022.

Read More
Taxmen to give 'reasonable time' to business to explain reasons for mismatch in GSTR-1, 3B before recovery action
  • 10 Jan 2022 06:10 PM

Taxmen to give 'reasonable time' to business to explain reasons for mismatch in GSTR-1, 3B before recovery action

Source: https://economictimes.indiatimes.com/small-biz/gst/taxmen-to-give-reasonable-time-to-business-to-explain-reasons-for-mismatch-in-gstr-1-3b-before-recovery-action/articleshow/88805825.cms

As per the changes in the GST law effective January 1, GST officers were allowed to directly initiate recovery action against those errant businesses which showed higher sales in monthly return GSTR-1 but under-report it while tax payment in GSTR-3B.

Read More
GST Newsletter for December 2021
  • 10 Jan 2022 06:34 PM

GST Newsletter for December 2021

Source: https://taxguru.in/goods-and-service-tax/gst-newsletter-december-2021.html

GST Newsletter for December 2021 GST Council Secretariat, New Delhi Existing GST rates in textile sector to continue beyond 1st January, 2022
GST Newsletter for December 2021 GST Council Secretariat, New Delhi Existing GST rates in textile sector to continue beyond 1st January, 2022 The 46 meeting of the GST Council was held on 31.12.2021, in New Delhi under the Chairpersonship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman.

Read More
New Functionalities for Taxpayers on GST Portal in December, 2021
  • 08 Jan 2022 06:50 PM

New Functionalities for Taxpayers on GST Portal in December, 2021

Source: https://taxguru.in/goods-and-service-tax/functionalities-taxpayers-gst-portal-december-2021.html

New Functionalities for Taxpayers on GST Portal in December, 2021

Read more at: https://taxguru.in/goods-and-service-tax/functionalities-taxpayers-gst-portal-december-2021.html
Copyright © TaxGuru.in

Read More