Taxation & Accounting

Category: Gst (page 1 of 164)

GST fraud of Rs 60 crore detected, trader held

A local iron and scrap trader, Subhash Chander, was arrested in connection with the fraud, an official of the department said here. Chander used to procure fake GST invoices of iron and scrap from Delhi without the delivery of goods, the official further said. The Punjab Excise and Taxation department on Thursday claimed to have […]


Ravi Shankar Prasad dials FM Nirmala Sitharaman for telecom relief

The minister seeks cut in levies such as licence fee, GST after meeting industry leaders. NEW DELHI: Telecom minister Ravi Shankar Prasad has sought urgent relief from finance minister Nirmala Sitharaman for the stressed sector, seeking a cut in levies such as licence fees and goods and services tax (GST), as part of a four-part […]


CAIT seeks extension of last date to file GST annual return to October 31

CAIT National President B C Bhartia said many a times, the GST portal is not working efficiently preventing the traders from uploading the Form. Traders’ body CAIT on Thursday asked the finance ministry to extend the last date for filing annual GST return by two months to October 31. The last date to file the […]


The Big GST Hole

Why GST collections have been short of target. And why they may not pick up any time soon The Comptroller and Auditor General (CAG) of India has made a grim observation in its latest report on indirect taxes: “The growth of indirect taxes slowed to 5.80 per cent in 2017/18 compared to a growth of […]


How recent amendments in GST will benefit registered taxpayers?

There have been several amendments to the CGST Act, which favour the taxpayer with better compliance. There have been updates to the sections relating to the payment of taxes and interest, hence easing the filing of GST returns and reducing the burden of interest. Let’s analyse some of the major amendments made and how GST-registered […]


Further extension the only solution for GST annual return & GST audit

The GST annual return & GST audit report for the first year, which is 2017-18, had to be submitted before December 31, 2018, but saw three extensions – March 31, 2019, June 30, 2019 and finally August 31, 2019. However looking at the recent statistics released by the authorities it is observed that only 15 […]


Central GST Trade Advisory August, 2019

Dear Taxpayers/Professionals, As you all must be aware, the due-date to file the Annual Return and Reconciliation Statement i.e. 31st August, 2019 is fast approaching. As this is the first time Annual Return is being filed, the due date had already been extended many times before by the government to give sufficient time to get […]


FAQs of GSTR-9C Offline Utility

File type : PDF / File size : 7MB / Pages : 105 Click Here To Download  


The Modi government is facing a serious cash crunch – thanks to GST

In 1773, the British Parliament passed the Regulating Act, appointing a governor general to oversee all of British India. This law marked the beginnings of the Central government of the British Raj, the single most significant institution to shape the Indian subcontinent for the next two centuries. It continues till today in independent India in […]


Parle may lay-off up to 10,000 employees over weakening demand, GST woes

Parle Products category head Mayank Shah said that weakening demand is because of increased GST on biscuits, which is only worsened by absence of adequate government stimulus. Parle Products, India’s largest biscuit maker may end up letting go of 8,000-10,000 employees, the company said on Tuesday. This development has been the aftermath of slowdown in […]


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