Source: https://taxguru.in/goods-and-service-tax/mera-bill-mera-adhikaar-invoice-incentive-scheme.html
Introduction: The Government of India, in collaboration with State Governments, is introducing the ‘Mera Bill Mera Adhikaar’ Invoice Incentive Scheme from September 1st, 2023. This initiative aims to cultivate a culture where customers proactively demand invoices for all purchases they make.
Read MoreIntroduction: The year 2023 brings a ray of hope for taxpayers with the extension of multiple tax amnesty schemes. These schemes offer a chance to rectify past non-compliance and clear late fees. Let’s delve into the details of these schemes and the benefits they bring.
Read MoreSource: https://taxguru.in/goods-and-service-tax/igst-itc-reversal-gstr-3b-sop-guide.html
Introduction to the Standard Operating Procedure (SOP) on Monitoring Ineligible IGST Input Tax Credit Reversal by Taxpayers in Return Form GSTR 3B
Read MoreThe goods and services tax (GST) was a major reform that took years to implement. It is now six years old. The great promise of GST is tax collection buoyancy, thanks to inbuilt incentives of compliance, and less scope of leakage.
Read MoreNarendra Modi's 'Mera Bill Mera Adhikar' scheme offers cash prizes from ₹10,000 to ₹1 crore for uploading GST invoices. Launching on September 1 in six states and Union Territories
Read MorePM Narendra Modi touts India's economic growth at BRICS Business Forum in South Africa, highlighting reforms and achievements.
Read MoreSource: https://taxguru.in/goods-and-service-tax/cbi-nabs-cgst-superintendent-bribery-case.html
The Central Bureau of Investigation (CBI) has detained a Superintendent from the CGST, Bhiwandi Commissionerate, Mumbai on charges of bribery. The arrest was made following the officer’s alleged acceptance of a bribe from a complainant. This incident sheds light on the prevalent issue of corruption within certain sectors of the bureaucracy and the rigorous actions taken by the CBI to curb such practices.
Read MoreThe finance ministry said the scheme will offer citizens the chance to win ₹1 crore, ₹10 lakh or ₹10,000 in a lucky draw.
Read MoreCommissioner of Central Goods And Service Tax & Ors Vs Safari Retreats Private Limited & Ors (Supreme Court of India)
Read MoreSource: https://taxguru.in/goods-and-service-tax/gstn-issued-advisory-steps-e-invoicing-gst.html
Steps For e-Invoicing
A. Introduction:
‘e-Invoicing’ means reporting details of specified GST documents to a Government-notified portal i.e., Invoice Registration Portal (IRP) and obtaining an invoice reference number. It doesn’t mean the generation of invoices by a Government portal.