The CBIC has issued a Notification No. 42/2019 – Central Tax dated September 24, 2019, which states that the rules relating to the issue of payment orders instead of payment advice for refunds brought under the Central Goods and Services (Fourth Amendment) Rules, 2019 shall come into force …
In the Month of August, the GST collection was dropped below Rs 1 lakh crore and recorded to Rs 98,202 crore. Read More: Again drop in GST collections, recorded below Rs 1 lakh crore in August Moreover, the government is expecting a shortfall of around Rs. …
The Madras High Court has ruled that the constitution of GST Appellate Tribunal ( GSTAT ) under the current GST regime is unconstitutional. Advocate V. Vasanthakumar and Revenue Bar Association, the petitioners had challenged the composition, contending that the number of judicial members must be more …
Subject: Clarification regarding duty drawback allowed in cases of short realisation of export proceeds due to bank charges deducted by foreign banks. Facts of the case: Various representations have been received from Export Promotion Councils, Trade Bodies, and individual exporters regarding show cause notices issued by …
The raid held on the premises of Times Heaven Club Private limited. The club is engaged in providing club memberships and hotel booking across India had allegedly evaded payment of GST by collecting and not depositing the same with the department. The Directorate General of GST …
It has been brought to our notice that certain adverse reports relating to the system of evaluation of answer books of CA exams are doing the rounds in social media. In this connection, following reforms which have been put in place recently are brought to the …
The government is looking to levy differential rates of interest on taxpayers for delayed payment of Goods and Services Tax (GST). It is in planning to levy interest for the first three months at the rate of 18% and 24% afterward. The government will begin to …
The GST Council, in its 37th meeting held at Goa on 20th September provided relief to MSMEs by allowing them waiver to file GSTR 9 and GSTR-9A GST council has given a big relief to MSMEs by waving the requirement of filing Annual returns for FY …
The GST Council, in its 37th meeting held today at Goa, recommended the following: 1. Relaxation in the filing of annual returns for MSMEs for FY 2017-18 and FY 2018-19 as under: waiver of the requirement of filing FORM GSTR-9A for Composition Taxpayers for the said …
