On Wednesday, Chief minister Pramod Sawant said in the Goa Legislative Assembly that “If we lower the tax, people will once again come in large numbers to register vehicles in Goa. It can be a revenue source. However, such issue is still under examination by the …
The Central Bureau of Investigation (CBI) has arrested a Superintendent at the Goods and Services Tax Division in Khanna (Punjab). The grounds of arresting was demanding and accepting a bribe of ₹ 50,000 from a businessman based in Mandi Gobindgarh under Fatehgarh Sahib District of the state. The complainant …
CAG (Comptroller and Auditor General) said, GST mechanism was rolled out 2 years ago with aim of simplified indirect tax regime and eliminating the tax evasion to the higher extent, and made credit for input taxes available through the value chain. but, that system is vulnerable …
Trial versions of offline tools forms are released by Goods and Service Tax Network (GSTN) on 30th July. GSTN provides offline tools that can be downloaded for filing GST returns. The government has already announced the phase of implementation of proposed GST returns; accordingly the offline …
A writ petition was filed in the Telangana High Court, challenging the levy of interest on the gross amount of tax payable. The petitioner appealed against interest being charged on the input tax credit portion of the tax due, as the GST portal does not allow …
The government had issued a clarification on various doubts related to treatment of secondary or post-sale discounts for applicability of GST. In the clarification, the Finance Ministry said that the additional discount given by a company to a dealer in certain cases will be liable to …
Major coaching institutes have made representations to the Union Finance Minister Nirmala Sitharaman either to remove 18% GST or to reduce it at the lowest GST rate. The claim has been made that demand of removing or reducing the GST rate would directly benefit lakhs of …
Many Hoteliers and caterers are urging the Centre to cut done the GST rates applicable on outdoor catering service at 5%. (Current GST rate is 18%). A memorandum was submitted to our respected Finance Minister, Nirmala Sitharaman with respect to reduce GST rates levied on outdoor catering service …
The GST was launched on July 1, 2017 as “One Nation One Tax”and has completed two years. GST, an indirect tax was introduced as the biggest tax reforms but the GST mechanism has become susceptible to frauds. The return mechanism in the GST system is already …
