GST structure on tobacco products All tobacco products, cigarettes, bidis and smokeless attract the highest tax rate of 28%. Further, in addition to GST, smokeless tobacco and cigarettes, there is a levy of compensation cess, which varies depending on the length of the cigarettes. Also, there …
Ghaziabad-based dealer, Kaushik Shakthi Baburam was arrested on August 23 in case of GST fraud and has been remanded to judicial custody for 14 days, ie; till September 5, 2019. The Enforcement officers of the Telangana Commercial Taxes department officials found out that the Kaushik, 35-year-old …
The last date for furnishing of Annual Return in the FORM GSTR-9 / FORM GSTR-9A and Reconciliation Statement in FORM GSTR-9C for the financial year 2017-18 has been extended from 31st August, 2019 to 30th November, 2019. RoD Order No. 07/2019-CT dtd. 26.08.2019.
Patiala-based trader arrested: Punjab’s Department of Excise and Taxation on Thursday have detected Goods and Services Tax (GST) bogus billing scam in Patiala, involving 60 crore. Additional Excise and Taxation Commissioner-cum-Director (Investigation) Navdeep Kaur Bhinder said a local iron and scrap trader, Subhash Chander, was arrested …
The Central Government vide Notification No. 04/2019-Central Excise (N.T.) dated August 21, 2019, has appointed September 01, 2019 as the date from which the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 shall come into force. Official Notification: Date of commencement of Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 Also Read: Rules …
Businessman and MSME sectors were continuously protesting for delay of the refunds which caused the blockage of working capital requirements, liquidity shortage etc. The MSME sector, which accounts for about 29 per cent of the gross domestic product (GDP), is one of the largest job creators …
To make GST return filing process easier with few forms only, Finance Minister Nirmala Sitharaman on August 23 said that the government is working on it. Many representations were made about the complicated filing return forms and has more than 10 different forms for filing the …
Representation has been made by ICAI for extension of due date of Annual Return GSTR 9/9A and Reconciliation Statement along Audit Certificate GSTR 9C for the year 2017-18 by 3 months i.e. 30th November 2019. ICAI is confident on positive consideration and announcement in this regard …
The Confederation of All India Traders (CAIT), Traders’ body asked the finance ministry to extend the last date for filing annual GST return. It was demanded to give extension by two months i.e. from the last date to file the return August 31 to October 31. …
“Sabka Vishwas” legacy dispute resolution scheme as announced in the budget for solving the cases and litigations related to excise and service tax. The Indirect tax’s amnesty scheme waives both interest and penalty amounts along with the reduction of disputed tax amount. Earlier, CBIC had released …
