Introduction: In an intensified effort against tax evasion, the Goods and Services Tax (GST) formations, led by the Central Board of Indirect Taxes and Customs (CBIC) and State/UT Governments, have unearthed 29,273 sham firms involved in suspected Input Tax Credit (ITC) evasion amounting to Rs. 44,015 crore since May 2023. This crackdown, aimed at non-existent […]
Explore purpose, implications, and advantages of GSTR-1 Tables 14 and 15, introducing transparency to e-commerce transactions. Learn how accurate reporting enhances compliance
CBIC Notice calling for feedback/ suggestions from stakeholders on Harmonization of GST Rate Schedule on Services and the Classification of Services adopted for GST As per Notification No. 12/2017-Central Tax dated 28.06.2017, as amended by Notification No. 78/2020-Central Tax dated 15.10.2020, taxpayers having turnover up to Rs. 5 Crore in the previous financial year are […]
Explore responses to stakeholder comments on proposed PFRDA amendments, focusing on grievance redressal. Clarifications on NPST role, filing procedures, and jurisdiction outlined.
Explore the ambiguity of Trust provisions under the Income Tax Act highlighted by Chartered Accountants Association Surat (CAAS). Read their representation and demand for resolution.
NIC issues advisory on HSN codes for E-Way Bills. Learn the changes for B2B and Export transactions. Implementation from Feb. 2024.
CBIC’s E-scrip module for digital access to RoSCTL and RoDTEP schemes. Step-by-step guide for exporters, including account creation, scheme claims, and scrip transfer
Confederation of all India Traders appeals to PM Modi for urgent implementation of E-commerce Policy and Rules, aiming for fair competition, consumer protection, and a level playing field
Explore the nuances of Goods and Service Tax (GST) input tax credit, dissecting Section-16 eligibility, landmark judgments, and circular clarifications. Join our live webinar for in-depth insights.
Explore the case of Pradeep Kanthed v. Union of India where the Supreme Court issues notice to the Finance Ministry regarding the absence of an option for revising GST returns on the portal.
