AAKR ASSOCIATES

Taxation & Accounting

Category: Gst (page 1 of 167)

BIG UPDATE ON GSTR9 AND GSTR9C DATE EXTENSION|GST PORTAL UPDATE FOR GSTR9 AND GSTR9C LATE FEES

http://www.gstindia.com

CBI raids GST Office in Delhi after arresting Manish Sisodia’s OSD, IAS officer also raided

The probe by the Central Bureau of Investigation in the alleged corruption in connection with GST is moving towards a direction where it appears that an organised racket was being operated by the officials of Delhi Government. During the questioning of Manish Sisodia’s OSD, Gopal Krishna Madhav and middleman Dheeraj Gupta, the CBI gathered evidence […]

http://www.gstindia.com

CGST and IGST Act – Impact of Finance Bill, 2020

Courtesy : CA PRITAM MAHURE CGST and IGST Act – Impact of FB, 2020 ………………………… 2 About the Author ………………………………………………………… 4 1. Act – Key Amendments …………………………………………….. 5 2. CGST Act, IGST Act ………………………………………………… CLICK HERE TO DOWNLOAD THE PDF FILE size : 4 mb / page : 392

http://www.gstindia.com

GST for Real Estate Sector

GST for Real Estate Sector (including Joint Development Agreements) Courtesy : CA Yashwant J. Kasar The revised scheme applies to residential and commercial apartments. With Illustrations. ( Update : 30.01.2020 ) Sale of Land by Builder CLICK HERE TO DOWNLOAD – PDF FILE size: 3MB

http://www.gstindia.com

E Invoicing in INDIA

Courtesy : CA PRITAM MAHURE E Invoicing in INDIA – Concept and Challenges UPDATE :  11 January 2020 CLICK HERE TO DOWNLOAD THE PDF File Size: 2 MB  / Pages : 57

http://www.gstindia.com

GST will be ‘simplified’ further: FM Sitharaman tells traders

Sitharaman said the govt has constituted a panel, under chairmanship of the revenue secretary, which is working day and night to explore the ways to simplify GST The govt is seized of the problems being faced by traders in the taxation system and it would do its utmost for providing maximum relief NEW DELHI : Finance […]

http://www.gstindia.com

The urgency to simplify and debug India’s GST

Exemptions, rate multiplicity and compliance complexity have conspired to keep our GST from fulfilling its promise—not just to coffers but the entire economy. We await a rehaul To figure what is wrong with our goods and services tax (GST), we need to go back to the classroom. A 10% value-added tax across the entire economy […]

http://www.gstindia.com

Government notifies changes to rules on input tax credit

Tax authority given the right to restrict the use of balance in electronic credit ledger. In an effort to curb the menace of fake invoices and tax evasion, the Finance Ministry has notified a new norm of limiting the input tax credit to 10 per cent in case of GST details mismatch. Experts feel that […]

http://www.gstindia.com

Group busted for supplying fake GST invoices worth Rs 1,000 crore: Finance Ministry

Prima facie fraudulent input tax credit of about Rs 140 crore has been misappropriated by using invoices involving an amount of Rs 1,040 crore, it said. The Goods and Services Tax (GST) authority in New Delhi has unearthed a racket involved in tax evasion through fraudulently transporting goods either without invoices or raising fake bills […]

http://www.gstindia.com

20% GST ITC, 100% Tension to taxpayers

Courtesy: CA Umesh Sharma Arjuna (Fictional Character): Krishna, a circular was issued on 11/11/2019, which restricted ITC claim, maximum ITC that can be claimed now is 20% above the ITC as appearing in GSTR-2A as per new rule 36(4) w.e.f. 09/10/2019 onwards.  So, what is it? Krishna(Fictional Character): Arjuna, taxpayer can now claim 120% of ITC as appearing […]

http://www.gstindia.com

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