- 01 May 2023 06:43 PM
- New
CBIC to introduce automated GST return scrutiny by next week
Source: https://taxguru.in/goods-and-service-tax/cbic-introduce-automated-gst-return-scrutiny-week.html
Union Finance Minister Smt. Nirmala Sitharaman chairs review meeting with Central Board of Indirect Taxes & Customs (CBIC)
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- 29 Apr 2023 05:19 PM
- New
KPTCE: Representation on glitches and hardship in payment of taxes & filing of returns
KSCAA has sent a representation to the The commissioner of Commercial Tax, on umpteen number of glitches and hardship in payment of taxes and filing of returns under Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976
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- 28 Apr 2023 05:51 PM
- New
10 NEW Functionality introduced by GSTN on GST Portal
Source: https://taxguru.in/goods-and-service-tax/10-functionality-introduced-gstn-gst-portal.html
10 NEW Functionality introduced by GSTN on GST Portal
GST Registration
- 26 Apr 2023 05:50 PM
Request to Extend date of ‘Opting for Forward charge’ in case of GTA Services
Source: https://taxguru.in/goods-and-service-tax/extend-date-opting-charge-case-gta-services.html
Re:- Extend the date of “Opting for Forward charge” in case of GTA Services.
With reference to above it is respectuflly submitted that the Goods Transport Agencies have to submit Annexure V to opt for Forward charge of Tax and for the Financial Year 2023-24 and the due date of submission of the Annexure V by the Transport company was 15th March 2023. Lot of dealers providing the GTA Services and desirous to go for Forward charge with respect failed to submit the Annexure V on or before due date due to various reason including ignorance of this procedure. . In most of the cases these dealers came to know this failure when the recipients of their service enquire from them the supportive documents of applying in Annexure V in the month of April 2023.
- 26 Apr 2023 05:57 PM
ट्रांसपोर्ट सेक्टर की सेवाओं के मामले में “फॉरवर्ड चार्ज के लिए विकल्प” लेने की तिथि को 15 मार्च 2023 से एक बार बढाने की अपील
Source: https://taxguru.in/goods-and-service-tax/extend-date-opting-forward-charge-case-gta-services.html
सेवा में, सदस्य सचिव/अध्यक्ष जी जीएसटी परिषद नयी दिल्ली आदरणीय, विषय :- ट्रांसपोर्ट सेक्टर की सेवाओं के मामले में “फॉरवर्ड चार्ज के लिए विकल्प” लेने की तिथि को 15 मार्च 2023 से एक बार बढाने की अपील.
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- 25 Apr 2023 05:49 PM
Bajaj Allianz, ICICI Prudential face IT probe for evading taxes since 2017
The Income Tax officials have estimated that the insurance companies under probe owe about ₹5,000 crore in unpaid taxes, interest and penalties since July 2017, when the government implemented the GST, the report said.
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- 22 Apr 2023 05:27 PM
No GST on transfer of Jaipur international airport business to Adani Group
The AAI had approached the Rajasthan bench of the Authority for Advance Ruling (AAR) seeking a ruling on whether the transfer of the business to Adani Group.
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- 21 Apr 2023 10:36 AM
India well-prepared to meet peak power demand: Singh
New Delhi: Union minister for power and new and renewable energy Raj Kumar Singh expressed confidence that the country is well-prepared to meet demand this summer even as power demand soared to near record levels. In an interview, Singh highlighted the government’s efforts to ensure adequate availability of coal at thermal power plants, with domestic coal stock standing at 31.71 million tonnes as of Wednesday. Edited excerpts:
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- 15 Apr 2023 06:14 PM
Residential vs Commercial: Tips to optimize your property taxes in FY24
The Income Tax Act of 1961 governs property tax as well as other indirect taxes like GST and stamp duty. In the income tax return, all sorts of properties are taxed under the head "income from house property." Residential and commercial properties are taxed differently in India; for example, residential property taxes are frequently based on the assessed value of the property, whereas commercial property taxes are frequently based on both the assessed value of the property and the income earned by the business. In FY24, here’s how individuals can optimize their residential and commercial taxation.
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- 15 Apr 2023 06:19 PM
Model All India GST Audit Manual 2023
Source: https://taxguru.in/goods-and-service-tax/model-india-gst-audit-manual-2023.html
Goods and Services Tax in India has stepped towards the completion of five years. One of the main objectives of introduction of GST was to create one common market in the country by totally removing the wide disparities and compliance complexities of various laws of taxation of the States and Centre. In taxation of goods and services (not as “activities”, per se, but as “objects” or “events”), that had led to not only tax inefficiency but had also interfered in investment decisions of businesses. GST has provided a uniform structure in taxation of goods and services throughout the country. There is total uniformity in terms of the taxable event, tax rates, point of levy, provisions for registration, return filing, tax payment, refunds, audit, adjudication, appeals etc. In fact, the CGST and SGST laws are almost mirror images. GSTN, as an enabling organisation, has created the necessary digital backbone to ensure seamless uniformity in the process and procedures relating to registration of taxpayers, return filing, tax payment, refunds etc.
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