GST Portal has enabled GST Returns to be filed via EVC for all type of entities, now GST Returns of LLP and Private Limited Companies can be filed Via EVC Mode as well. Snapshot of functionality available on portal.
Much awaited FORM GST PMT -09 has been enabled on GST portal, Now Taxpayer can transfer balance available in one head of cash ledger to another Taxpayers deposit money using challan and the paid amount gets credited in the particular head in the Electronic Cash…
GST and Taxation for MSMEs: In order to simplify the compliance procedure further for GST-registered businesses, the 31st GST Council meeting proposed a new return system. GST and Taxation for MSMEs: The Goods and Services Tax (GST), was introduced as a single, straightforward tax…
The government is unlikely to exempt on medical items such as ventilators, PPEs, masks, test kits and sanitisers from goods and services tax as it would lead to blocked input tax credit, increasing the cost of manufacturing and increase the price for consumers. There…
What is an ‘Anti-profiteering’ activity? Any reduction in rate of GST tax on any supply of goods or services or the benefit of input tax credit should have been passed on to the recipient by way of commensurate reduction in prices. The wilful action…
CBIC has uploaded Rules Part-B (Forms) amended upto 3rd April, 2020 Click here to download Forms Note: This updated version of the Rules as amended upto 3rd April, 2020 has been prepared for convenience and easy reference of the trade and industry and has…
CBIC has uploaded latest rules amended upto 3rd April, 2020 Click here to download Rules Note: This updated version of the Rules as amended upto 3rd April, 2020 has been prepared for convenience and easy reference of the trade and industry and has no legal…
Gist of High Court Order has been mentioned below for readers reference, readers are advised to refer complete Judgement order The petitioners, against whom there are allegations of having caused loss to State-Exchequer to the tune of `20 crores appx. by evasion of payment of…