- 05 Dec 2024 05:57 PM
- New
Maharashtra GST officials search three offices of ICICI Bank; bank says ‘cooperating…’
Maharashtra GST officials searched three offices of ICICI Bank on December 4, the bank said in an exchange filing, adding that it is cooperating with authorities for data requests.
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- 05 Dec 2024 05:54 PM
- New
Niva Bupa stock jumps another 11% to record high, surges 47% in just 3 days; here’s why
On December 5, Niva Bupa Health Insurance shares surged 11.2 per cent to ₹109.34, totalling a 47 per cent rise in three days. This increase is attributed to reports of GST cuts for health insurance, but the company remains uninformed about any official updates.
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- 05 Dec 2024 05:52 PM
- New
Wedding season blues: Garment makers caution against GST rate hike
New Delhi: An increase in the goods and services tax (GST) rate on certain readymade garments, currently being discussed by a ministerial panel, could be a dampener for the ongoing wedding season, textile manufacturers said.
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- 05 Dec 2024 05:45 PM
Mind economy's interest before Revenue's: Sanjay Malhotra to tax officials
New Delhi: Cautioning tax officials to not kill the goose that lays the golden egg in the process of tax collection, revenue secretary Sanjay Malhotra told a gathering of officials that they need to be careful not to hurt the economy’s interests in the hunt for revenue.
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- 05 Dec 2024 05:39 PM
Beverage association raises alarm over potential tax hike on aerated drinks
The biggest roadblock for the industry is the taxation structure and we are hoping that by March 2026 when the 12% cess goes away, we come back to 28%, Indian Beverage Association said
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- 04 Dec 2024 06:47 PM
GST rate hike reports premature and speculative: CBIC
The Union govt's apex indirect tax body referred to “various reports in the media” regarding recommendations of a group of ministers on GST rate changes.
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- 04 Dec 2024 06:52 PM
Amid lack of regulation, online gaming in limbo, failing to attract investment
New Delhi: The Centre’s failure in appointing proposed self-regulatory bodies (SRBs) for the online gaming sector has left the industry in limbo, with small firms struggling to get investors and large ones innovating without any legal guardrails to try and rope in more paying consumers.
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- 04 Dec 2024 06:58 PM
Introduction to Excel-based GSTR-9 Offline Tool
Source: https://taxguru.in/goods-and-service-tax/introduction-excel-based-gstr-9-offline-tool.html
The Excel-based GSTR-9 Offline Tool helps taxpayers prepare their GSTR-9 return offline. The tool allows taxpayers to fill in data for various tables in the GSTR-9 return, such as details of outward and inward supplies, ITC availed, tax paid, and demand/refunds. It is not mandatory to fill in all worksheets; empty worksheets can be left blank. Key features include the ability to open a downloaded GSTR-9 JSON file from the GST portal, validate entered data, and generate a JSON file for uploading to the GST portal. Taxpayers can also handle errors by opening the “processed with error” files and making corrections in the Offline Tool. After validation and correction, the user can generate a JSON file for upload, which is then processed by the GST portal. The tool simplifies the process of filling GSTR-9 by automating certain data imports and allowing easy updates, ensuring a smoother filing experience.
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- 03 Dec 2024 06:57 PM
5 ITEMS THAT MAY SEE TAX TWEAKS
TOBACCO PRODUCTS
The GST on cigarettes, tobacco, and related items may rise to a proposed 35% from the current 28%, targeting higher revenue from demerit goods.
- 03 Dec 2024 07:08 PM
Advisory for Entry of RR No./eT-RRs in EWB system Post EWB-FOIS Integration
The integration of the E-Way Bill (EWB) system with the Freight Operations Information System (FOIS) of Indian Railways streamlines the transport of goods by rail. Taxpayers using FOIS must ensure accurate entry of Railway Receipt Numbers (RR No.) or electronic Transfer RR (eT-RRs) into the EWB system to prevent discrepancies. Specific steps include updating Part-B of the EWB via the “Multi-Transport Mode”
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