The Central Board of Indirect Taxes (CBIC) on Monday said it has sanctioned GST refund claims worth Rs 11,052 crore in 47 days. In a tweet, the CBIC said it is "committed to ensuring liquidity to GST taxpayers especially MSME sectors during the lockdown". The…
As the world deals with the challenges posed by the COVID-19 pandemic, India Inc. struggles to overcome the economic slowdown triggered by the consequent lockdown. The shutdown of businesses, slowdown in demand, and complete disruption in the supply-chain have triggered a severe liquidity crisis in the economy.…
Such a facility will ease the immediate GST burden and help MSMEs conserve cash It was only to be expected that a government that has always given importance to optics and catchy phrases would do the same, when the Prime Minister announced the ‘Atmanirbhar Bharat’…
NEW DELHI: The CBIC has asked GST risk management wing to conduct supply chain analysis to identify risky major suppliers to exporters and share it with jurisdictional field officers. The Central Board of Indirect Taxes (CBIC) had received representations from exporters saying in some cases…
Know here what are the due date of filing of FORM GSTR-3B, CBIC has recently bifurcated the taxpayers whose turnover are upto 5 Crores; into 2 groups and standard due dates for filing of returns shall be group wise respectively. Due date of GSTR-3B for…
Types of Returns and Registered Person in GST | All GST Returns In this Article we shall be reading about types of registered persons in GST and compliance requirements for them. Following mentioned are the types of persons GST Regular Registered Person A person not…
Goods and services tax authorities in some states have sent notices to companies seeking information about the remuneration of directors and the tax paid on them. This comes as only a few companies have started operations following the staggered opening up of the nationwide lockdown…
Virtual hearing of all demand notices relating to indirect taxes including goods and services tax (GST) can be done through Whatsapp, authorities in Thane tax zone said a notice while issuing standard procedure for conducting the hearings. The decision has been taken due to situation…