Relief for small biz.; Govt sets the ball rolling on decriminalisation of GST Act
Decriminalisation of the Goods and Services Tax Act is on the cards, which would give a big reprieve to small…
Month: October 2022
Re-focus efforts on revenue mobilization: CBIC to officials
The Central Board of Indirect Taxes and Customs (CBIC) expects officials to pay special attention to key areas of work…
GST rate rationalisation hopes start to recede
As inflation continues to soar and the poll climate hots up, the window of opportunity to rationalise the GST rates…
DGGI promises monetary reward to informers aiding in tax recovery
The Directorate General of GST Intelligence (DGGI) has promised rewards to those who share the information which leads to recovery…
GST collection expected to cross Rs 1.5 lakh crore in October
Buoyed by fest season consumption, the revenue collection from the goods and services tax (GST) for the month of October…
Pre-deposit to appeal under old excise, service tax laws to be only in cash: CBIC
The Central Board of Indirect Taxes and Customs (CBIC) has said that pre-deposits for appeals in cases related to the…
Input Tax Credit of F.Y. 2021-22 to be claimed in October 2022 GSTR-3B
The time limit to claim Input tax credit on invoices or debit note pertaining to previous year 2021-22 is 31.10.2022…
GST slabs rejig unlikely before 2024 general elections
With inflation likely to remain elevated for a longer period and key state elections due in 2023, the Narendra Modi…
FAQ’s for Form 3CEB
The Income Tax Department has issued “FAQ’s regarding the filing of Form 3CEB on the Income Tax e-filing portal. Question 1:…
Fly ash brick entrepreneurs in Andhra Pradesh seek clarity from Union Finance Minister on decision to reduce GST
There is distortion between the decision taken on fly ash bricks and blocks at the 47th GST Council Meeting held…