- 13 Sep 2023 06:11 PM
- New
Government Imposes 30-Day Invoice Reporting Limit for Large Taxpayers
The Indian Government has introduced a significant change in the reporting of invoices on the e-invoice IRP portals. Taxpayers with an Aggregate Annual Turnover (AATO) exceeding 100 crores will now face a strict time limit for reporting invoices. This article delves into the details of this crucial update and its implications for large taxpayers.
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- 12 Sep 2023 05:37 PM
- New
New GST Invoice Reporting Time Limit: Important Update for Taxpayers
Introduction: In a move to streamline and regulate the reporting of invoices on e-invoice portals, the GST Authority has introduced a significant change that directly impacts taxpayers, especially those with an Aggregate Annual Turnover (AATO) of equal to or greater than 100 crores. Effective from November 1, 2023, taxpayers falling within this category will be subject to a strict 30-day time limit for reporting invoices from the date of the invoice itself. This advisory aims to provide clarity on this new development and its implications for taxpayers.
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- 12 Sep 2023 05:29 PM
- New
Nitin Gadkari clarifies statement on ‘additional tax on diesel vehicle purchase’, says ‘no such plans yet’
No proposal to impose additional 10% GST on sale of diesel vehicles, says Road Transport Minister Nitin Gadkari.
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- 12 Sep 2023 05:26 PM
Nitin Gadkari pushes for shift to green fuel, ‘may have to propose additional 10% GST, if…’
India's Road Transport Minister plans to propose a 10% tax on diesel engine vehicles to the finance minister.
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- 09 Sep 2023 06:05 PM
GSTN warns against unauthorized scraping of GST Common Portal
Source: https://taxguru.in/goods-and-service-tax/gstn-warns-unauthorized-scraping-gst-common-portal.html
The Goods and Services Tax Network (GSTN) recently issued an advisory to GST Suvidha Providers (GSPs), warning them against malpractices like scraping the GST Common Portal. GST Suvidha Providers are third-party service providers authorized by GSTN to help taxpayers comply with the complex requirements of the GST system in India. They act as an essential bridge between end-users and the GST Common Portal.
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- 06 Sep 2023 05:45 PM
E-way bills hit record 93.4 mn in Aug, signalling festive boost
NEW DELHI : Electronic permits for goods shipped within and across states shot up to an all-time high of 93.4 million in August, pointing to brisk economic activity which could boost Goods and Service Tax (GST) revenue collections in September.
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- 04 Sep 2023 06:25 PM
GDP estimates suggest Nirmala Sitharaman has a difficult year ahead
Gross domestic product (GDP) estimates for the first quarter (April to June) that the National Statistical Office (NSO) released last week have puzzled many commentators. The estimate for year-on-year (yoy) growth in Q1 was 7.8%, lower than Reserve Bank of India’s (RBI) projection of 8%. Several economists were also expecting higher growth. Meanwhile, a few economists pointed out that statistical peculiarities may have inflated NSO’s growth estimates.
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- 04 Sep 2023 06:18 PM
Power ministry may recommend GST cut on hydro project components
NEW DELHI : The union ministry of power is likely to ask for a cut in the goods and services tax on components used in hydropower projects.
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- 04 Sep 2023 06:22 PM
Incentives in the form of gold, other assets may attract GST
New Delhi: Companies offering incentives to their dealers in the form of assets, such as gold coins, may face tax uncertainties under goods and services tax (GST) following a recent ruling by the Karnataka Authority for Advance Ruling (AAR).
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- 02 Sep 2023 05:42 PM
‘Will be govt of poor rather than govt of Adani’: Rahul Gandhi hits out at BJP in poll-bound Chhattisgarh
Rahul Gandhi criticizes PM Modi over Adani charges, said BJP broke India's economy with GST and demonetization. Rahul Gandhi attended the 'Rajeev Yuva Mitan Conference' in Nava Raipur along with Chief Minister Bhupesh Baghel.
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