- 12 Jan 2024 05:32 PM
- New
GST Council Newsletter for the month of December 2023
Source: https://taxguru.in/goods-and-service-tax/gst-council-newsletter-month-december-2023.html
Welcome to the latest edition of the GST Council Newsletter, providing a comprehensive overview of key developments in the Goods and Services Tax (GST) landscape for December 2023. This issue highlights significant achievements, policy updates, and enforcement measures undertaken by the GST Council and associated authorities. From robust revenue collections to pivotal legal insights, this newsletter aims to keep you informed about the dynamic and evolving landscape of GST in India. Join us as we delve into the crucial updates shaping the taxation framework, fostering compliance, and driving economic growth.
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- 12 Jan 2024 05:26 PM
- New
In 2023, DGGI detected 6,323 cases involving evasion of duty of Rs. 1,98,324 crore
Introduction: The Directorate General of GST Intelligence (DGGI) played a pivotal role in combating GST evasion in the year 2023. This article delves into the agency’s remarkable performance, highlighting key achievements, special initiatives, and the impact on sectors prone to non-compliance.
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- 12 Jan 2024 05:18 PM
- New
Credible India: There's much for us to talk about at Davos 2024
As we step into the new year, the World Economic Forum (WEF) Annual Meeting offers corporate leaders, policymakers and other stakeholders a chance to assess the year gone by and take stock of challenges and opportunities, extending to geopolitical developments, climate exigencies and economic hurdles. India has long had a significant presence at Davos and Indian industry has put together a formidable agenda aligned with the WEF’s theme of ‘Rebuilding Trust’ this year. India’s participation, led by Smriti Irani, minister of women and child development, includes many government dignitaries, while the Confederation of Indian Industry (CII) coordinates the business agenda. As this year’s theme, we are focusing on ‘Credible India.’
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- 11 Jan 2024 06:19 PM
GST authorities drop plans to enforce stricter e-way bill norms
New Delhi: Goods and Services Tax (GST) authorities have dropped a plan to block generation of goods transportation permits, or e-way bills, from 1 March for companies that fail to produce 'e-invoices' for their wholesale transactions through designated portals. These portals aid in more accurate data capturing across various tax forms using a standardized invoice.
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- 11 Jan 2024 06:11 PM
Budget 2024: Green energy sector pitches for GST cut, easier FDI norms. Here is the wishlist
Union Budget 2024: With India’s ambitious clean energy targets reaching a fever pitch, all eyes of the renewable energy sector are set on the upcoming Union Budget 2024. Seen as a pivotal instrument in propelling the nation’s green agenda, the Budget holds the key to unlocking investments, streamlining policies, and accelerating the transition towards sustainable practices.
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- 11 Jan 2024 06:15 PM
Budget 2024: Coworking sector seeks lower GST, infra boost, tax incentives from Finance Minister
The coworking industry has been gaining momentum with rising demand on the back of its cost-effective pricing alternatives and flexible work environment. Notably, major enterprises and corporations have shifted their focus to coworking spaces, aligning with the adoption of the hybrid work model to cater to their organizational needs.
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- 11 Jan 2024 06:23 PM
E-Way Bill Changes: Mandatory e-Invoice Link from March 2024 – Advisory Withdrawn
Source: https://taxguru.in/goods-and-service-tax/e-way-bill-changes-mandatory-e-invoice-link-march-2024.html
Further Update on 10th January 2024: Advisory on Blocking the generation of E-Way Bill without e-Invoice/IRN has been withdrawn.
5th January 2024: Blocking the generation of E-Way Bill without e-Invoice/IRN details for B2B and B2E transactions for e-invoice enabled tax payers will be done from 1st March 2024.
- 09 Jan 2024 05:56 PM
Vistara CEO Kannan hopes for cost reduction in the Budget 2024
New Delhi: The airline industry expects the government to announce measures that imp-rove the operating climate for airline companies in India through measures that reduce cost of operations for the airline, Vistara CEO Vinod Kannan said Monday.
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- 09 Jan 2024 06:04 PM
How small businesses can benefit from GST composition scheme
It’s been more than six years now since the Union government introduced the goods and services tax, or GST, but many businesses continue to grapple with its implementation, particularly because of the different rates of taxes and the number of compliances. But, for many small businesses, remedy is at hand: the composition scheme helps alleviate their hardships .
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- 09 Jan 2024 06:12 PM
GST Scrutiny & Assessment: Live Course with complete Practical Filing
Ready to navigate the intricate world of GST scrutiny and assessment with confidence? Enroll in our exclusive live course designed for professionals, tax practitioners, and business owners seeking expertise in dealing with GST audits, scrutiny, and assessments. In this course will cover the complete practical discussion on Assessment & Scrutiny under GST with Practical filing of various applicable forms. Will Also discuss various parameters regarding GST Assessment in a very unique way.
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