MUMBAI : Even as Zee Entertainment Enterprises Ltd (ZEEL) founder Subhash Chandra and his son Punit Goenka await clean chit from the market regulator over financial irregularities in the media house, the company itself is entangled in a series of legal disputes, including tax claims, regulatory filings showed.
Read MoreSource: https://www.livemint.com/brand-stories/pros-cons-of-gst-billing-software-11688565955993.html
GST billing software has become a cornerstone in the financial landscape, transforming how businesses manage invoicing, taxation, and compliance processes. As with any technology, there are both advantages and disadvantages associated with using GST billing software. This article comprehensively explores the pros and cons to understand its impact on businesses.
Read MoreSource: https://taxguru.in/goods-and-service-tax/igst-itc-reversal-gstr-3b-sop-guide.html
Introduction to the Standard Operating Procedure (SOP) on Monitoring Ineligible IGST Input Tax Credit Reversal by Taxpayers in Return Form GSTR 3B
Read MoreThe goods and services tax (GST) was a major reform that took years to implement. It is now six years old. The great promise of GST is tax collection buoyancy, thanks to inbuilt incentives of compliance, and less scope of leakage.
Read MorePM Narendra Modi touts India's economic growth at BRICS Business Forum in South Africa, highlighting reforms and achievements.
Read MoreNarendra Modi's 'Mera Bill Mera Adhikar' scheme offers cash prizes from ₹10,000 to ₹1 crore for uploading GST invoices. Launching on September 1 in six states and Union Territories
Read MoreSource: https://taxguru.in/goods-and-service-tax/cbi-nabs-cgst-superintendent-bribery-case.html
The Central Bureau of Investigation (CBI) has detained a Superintendent from the CGST, Bhiwandi Commissionerate, Mumbai on charges of bribery. The arrest was made following the officer’s alleged acceptance of a bribe from a complainant. This incident sheds light on the prevalent issue of corruption within certain sectors of the bureaucracy and the rigorous actions taken by the CBI to curb such practices.
Read MoreCommissioner of Central Goods And Service Tax & Ors Vs Safari Retreats Private Limited & Ors (Supreme Court of India)
Read MoreThe finance ministry said the scheme will offer citizens the chance to win ₹1 crore, ₹10 lakh or ₹10,000 in a lucky draw.
Read MoreSource: https://taxguru.in/goods-and-service-tax/gstn-issued-advisory-steps-e-invoicing-gst.html
Steps For e-Invoicing
A. Introduction:
‘e-Invoicing’ means reporting details of specified GST documents to a Government-notified portal i.e., Invoice Registration Portal (IRP) and obtaining an invoice reference number. It doesn’t mean the generation of invoices by a Government portal.