Finance minister Nirmala Sitharaman on Monday pulled up the CBDT (Central Board of Direct Taxes) and CBIC (Central Board of Indirect Taxes & Customs) officials for not responding to grievances of tax assessees. In an interaction with industry in Bengaluru on Monday, she said the two central organisations must engage ...
CESTAT Ahmedabad has ruled that food in packed form is sold either on the counter or through delivery boys to the customer's place, therefore, the activity is clearly of sale of food and no service is involved and hence the same is not liable to service tax. The appellant M/s ...
E-Invoice is applicable to taxpayer having turnover exceeding Rs.20 Crore with effect from 01.04.2022. Notification No. 01/2022-Central Tax dated 24.02.2022 is issued in this regard. Read Notification. The taxpayer can check his eligibility of e-Invoicing at Option Search -> 'e-Invoice Status of Taxpayer' of the e-Invoice portal. Check here The ...
1. The Delhi Goods and Services Tax (DGST) came in to effect from July 1, 2017 replacing Delhi Value Added Tax, 2005. The Delhi Value Added Tax, however, continue to be applicable for Petroleum products and liquor for human consumption. Hence, VAT and GST system are running parallel in Department ...
The National Informatics Centre (“NIC”) has issued a list of GSTINs updated till March 03, 2022 generating Invoice Reference Number (“IRN”). The List of GSTINs can be accessed at: https://einvoice1.gst.gov.in/Others/GSTINsGeneratingIRN ...
The Instruction No. 02/2021-22/GST-Investigational regarding issuance of SCNs in time bound manner issued by the Central Board of Indirect Taxes was circulated vide policy branch letter No. F.3 (409)/GST/Policy/2021/883-841 dated November 20, 2021. 2. The last date for filing the Annual Returns for the FYs of 2017-18, 2018-19 & 2019-20 ...
In today’s digital world, where GST updates are available on mobile and laptop, the need for physical books still arises for various occasions. Visit the book section and pick one or all of them for your reading, tax practice, and to stay updated with the latest GST developments.
A glut of GST dispute cases will be transferred to the GST Appellate Tribunal as it starts hearings from December onward. As per the last count in 2023, there were 14,000 GST cases pending in different States and courts. Besides all the pending GST cases, fresh disputes will also be ...
The Indian government's "Next-Gen GST Reforms" are set to be implemented on Monday, September 22, 2025. These changes were approved by the GST Council led by Finance Minister Nirmala Sitharaman. It aims to simplify the tax structure by moving from a four-rate system (5%, 12%, 18%, 28%) to a primarily ...
Verification of 'high-risk' refund claims in Income-tax (I-T) returns for A.Y. 2024-25 (F.Y. 2023-24) will be conducted systematically, following a ...
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Most important and effective information shared by your team
Thanks alot, request send the future updates and guide me in respect of GST laws