GST

GST return: Now taxpayers can file GSTR-3B returns in staggered manner

Considering the difficulties faced by trade and industry in filing of returns, the government has decided to introduce several measures to ease the process. The Finance Ministry today said that

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GST

Tax reforms: Get over GST compensation obsession, focus on reforms by states

Can India focus on tax reforms by states instead of being obsessed with GST Compensation? For the first time since July 2017 the finance ministry has released state-wise data of

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GST

How to catch tax theives: Use tech more aggressively!

Finmin does well to scrutinise GST records to catch input tax theives ; use other databases like MCA, income tax, etc. On the face of things, the department of revenue

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GST

Deadline to avail waiver of late fee chargeable on GSTR-1 extended by another 7 days; check new date

The GST Council had earlier set the deadline as 10 January The response to this waiver has been very encouraging and since announcement on 18 December, 54 lakhs GSTR-1 have

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GST

12 important things under GST for New Year 2020

This article briefly discusses such top 12 things/changes under the GST applicable for New Year 2020 which includes Restriction on claim of ITC, Powers of Commissioner to block ITC under

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GST

Checking Evasion: Taxpayers’ bank accounts to be under GST lens

The government said that it was decided to constitute a committee of Centre and state officers to examine and implement quick measures in a given time frame to curb fraudulent

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GST

GST Refund in case of Exports & Refund of Input Tax Credit in India

If any excess GST has been paid or there is any input tax credit which has not been utilised, a person can claim refund under Section 54 of the excess

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GST

Final Return : Concept of Final return in GST

What is final return? Final Return is a return which is to be filed by a taxable person whose GST registration is cancelled or surrendered. The return is to be

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GST

GST must be fixed and this involves changing rates

Frequent changes are best avoided; but cutting rates is the only way to fix GST, and states will agree right now. Both Fifteenth Finance Commission chief NK Singh and West

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GST

GST Council to brainstorm over revenue growth strategy

Union finance minister Nirmala Sitharaman and state ministers represented in the Council will seek ways of plugging revenue leakage The central government has set a GST revenue target of ₹4.5 trillion

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