20 Mar 2023 06:13 PM
New

Delhi South CGST unearths fake invoicing racket

Source: https://taxguru.in/goods-and-service-tax/delhi-south-cgst-unearths-fake-invoicing-racket.html

The Central Goods and Service Tax (CGST) Delhi South Commissionerate busts racket of firms fraudulently claiming Input Tax Credit (ITC) of ₹17 crore.

20 Mar 2023 06:16 PM
New

No Restriction for GST Registration For Professional on Residential Address

Source: https://taxguru.in/goods-and-service-tax/restriction-gst-registration-professional-residential-address.html

(a) whether it is a fact that Management consultants, Architects and other professionals operating from their homes are not allowed to get GST numbers for working from the residential premises;

13 Mar 2023 06:32 PM
New

GST Council Newsletter for the month of February, 2023

Source: https://taxguru.in/goods-and-service-tax/gst-council-newsletter-month-february-2023.html

The 49 GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Aﬀairs Smt. Nirmala Sitharaman in New Delhi on 18.02.2023. During the meeting several recommendations were made by the Council relating to disbursement of GST compensation, GST Appellate Tribunal, capacity-based taxation and Special Composition Scheme, along with a few changes in the GST rates and trade facilitation measures.

11 Mar 2023 05:41 PM

CCI to soon crack down on corporate profiteers

Source: https://www.livemint.com/companies/news/cci-to-soon-crack-down-on-corporate-profiteers-11678471500137.html

The government is in the process of naming a new chairperson for the antitrust regulator and three other members, and the orders on profiteering will start coming after appointing at least one new member or the chairperson, which will give CCI the requisite quorum of three members to adjudicate

10 Mar 2023 02:10 PM

Data recap: Adani debt, spend trend, auto sales

Source: https://www.livemint.com/news/india/data-recap-adani-debt-spend-trend-auto-sales-11678382691624.html

A total of 81.8 million e-way bills were generated in February, marginally down from January but staying above the 80-million mark for the fourth straight month, showed data from the Goods and Services Tax Network.

10 Mar 2023 02:12 PM

Maharashtra Amnesty Scheme, 2023 for Goods and Services Tax Department

Source: https://taxguru.in/goods-and-service-tax/maharashtra-amnesty-scheme-2023-goods-services-tax-department.html

> This Amnesty Scheme will be called as ‘Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2023’.

10 Mar 2023 02:14 PM

Advisory on Mandatory reporting of 6 digit HSN codes

Source: https://taxguru.in/goods-and-service-tax/advisory-mandatory-reporting-6-digit-hsn-codes.html

Mandatory reporting of 6 digit HSN codes as per Notification No. 78/2020 – Central Tax dated 15/10/2020

09 Mar 2023 02:16 PM

Rahul Gandhi concludes week-long UK tour: Statements he made to gain BJP's ire

Source: https://www.livemint.com/news/india/rahul-gandhi-concludes-week-long-uk-tour-statements-he-made-togainbjpsire-11678190467612.html

Congress MP from Wayanad Rahul Gandhi has now made news for for statements delivered at Cambridge University, at a convention organised by association of Journalists in London and finally during an in-conversation session at the Chatham House think tank in London. Rounding off his week-long UK tour, Gandhi touched upon democracy in India, Pegasus row, China threat and staying true to his identity as the Opposition leader since 2014, the BJP rule in India.

09 Mar 2023 06:14 PM

Proposal for Maharashtra VAT Amnesty Scheme by BJP CA Cell, Mumbai

Source: https://taxguru.in/goods-and-service-tax/proposal-maharashtra-vat-amnesty-scheme-bjp-ca-cell-mumbai.html

The erstwhile MVA Government had announced the Amnesty Scheme for waiver of tax, interest and penalty payable under the MVAT and allied laws and the period was from 01/04/2022 to 30/09/2022.

06 Mar 2023 04:14 PM

Hidden charges on credit cards: Key things to know

Source: https://www.livemint.com/news/india/hidden-charges-on-credit-cards-key-things-to-know-11677828451015.html

In times of a financial crunch, credit cards provide a lot of respite. While it serves as a great source for making purchases and earning rewards, a credit card comes with its own responsibility. While a bank may claim that the credit cards are free, users must understand that there are few hidden charges attached to the cards.