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Posted Date : 13-Apr-2020 , 08:45:38 am | Posted By CASANSAAR
GST Registration requirements in case of supply from other States - Karnataka AAR's Ruling in case of Kardex India Solutions (P) Ltd. discussed by CA.(Dr) Gaurav Gupta) https://youtu.be/cHbKAD68fy4 Stay Home, Stay Safe, Stay Updated (We Care for You)...
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Posted Date : 08-Apr-2020 , 08:56:05 am | Posted By CASANSAAR
Companies will have to pay GST on the remuneration they dole out to directors, the Authority for Advance Ruling (AAR) has said. In an application filed before the Rajasthan bench of the AAR, Clay Craft India Pvt Ltd had sought clarification on whether salaries paid to directors would attract Good...
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Posted Date : 07-Apr-2020 , 09:48:23 am | Posted By CASANSAAR
GST Network on Sunday said tax officers have processed over 10,000 new registrations and about 8,000 refund applications in the first 10 days of lockdown till April 3, working through Virtual Private Network (VPN). In a statement, the Goods and Services Tax Network (GSTN) said it has enabled tax ...
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Posted Date : 05-Apr-2020 , 10:03:15 am | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) late on Friday notified major relief to businesses by offering flexibility in claiming tax rebates and extending the validity of electronic permits for movement of goods. The idea is to help businesses meet the challenges of cashflow and disrupt...
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Posted Date : 04-Apr-2020 , 11:16:47 am | Posted By CASANSAAR
Let's use this quarantine to learn about Recent Judicial Pronouncements and AAR under GST discussed by CA.Bhavesh Mittal. https://youtu.be/fICOGd7kZjc *Dont forget to Like the Video and Subscribe CA Sansaar YouTube Channel* Stay Home, Stay Safe, Stay Updated. (We Care for Y...
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Posted Date : 02-Apr-2020 , 12:05:21 pm | Posted By CASANSAAR
Goods and services tax collections for March, 2020 stood at Rs. 97,597 crore, lower than Rs. 1.05 lakh crore collected in February, 2020. Until February, GST collections crossed Rs. 1 lakh crore for four consecutive months. Of the total Rs. 97,597 crore, central GST stood at Rs.19,183 crore, stat...
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Posted Date : 29-Mar-2020 , 09:46:51 am | Posted By CASANSAAR
Recent Amendments Under GST Law including Updates on Press Conference of Finance Minister discussed by CA.Bhavesh Mittal. Watch This Video,,, https://youtu.be/8VJca40JN98...
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Posted Date : 24-Mar-2020 , 11:09:09 am | Posted By CASANSAAR
Companies under Insolvency and Bankruptcy process must avail a fresh GST registration within 30 days of a resolution professional being appointed for them. If the resolution professionals have already been appointed, GST registration will have to be availed within a month, the government ha...
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Posted Date : 15-Mar-2020 , 09:22:35 am | Posted By CASANSAAR
Updates of 39th GST Council Meeting explained by CA. Hajela. Watch this Video,,,, https://youtu.be/bWRjwsCw3vA...
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Posted Date : 14-Mar-2020 , 09:52:46 am | Posted By CASANSAAR
The number of input tax credit (ITC) fraud cases under Goods & Services Tax (GST) in the first nine months of this financial year has risen 170 per cent more than that reported in the whole of last fiscal. During the same period, the amount involved is nearly 80 per cent of full FY19. Accordi...
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Posted Date : 13-Mar-2020 , 03:29:14 pm | Posted By CASANSAAR
e-Invoicing Process under GST explained by Mr. Gaurav Mohan. Watch this Video..... https://www.youtube.com/watch?v=3x1giycA-eA...
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Posted Date : 12-Mar-2020 , 08:52:50 am | Posted By CASANSAAR
Mobile phones, textiles and a few other goods may become costlier if the GST Council chooses to correct certain duty structures on them due to which finished products attract lower duty than the raw material. This imbalance in taxes, which is called inverted duty structure, has been resulting int...
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Posted Date : 09-Mar-2020 , 10:09:55 am | Posted By CASANSAAR
The Directorate General of GST Intelligence (DGGI) on Saturday said it has registered a case against XXXXXXXXXXXXX Pvt Ltd and others for fraudulently claiming refunds on export of goods of over Rs 61 crore. “DGGI booked a case on March 6, 2020 against XXXXXXXXXXXXXX Pvt Ltd & others. A...
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Posted Date : 07-Mar-2020 , 03:26:03 pm | Posted By CASANSAAR
DGGI (Hqrs.) booked a case on 06.03.2020 against M/s Aastha Apparels Pvt Ltd & others. Aforesaid companies have fraudulently claimed IGST refunds on export of goods to the tune of more than Rs. 61 Crores. It has been revealed that ITC has been fraudulently availed by M/s Aastha Apparels Pvt L...
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Posted Date : 04-Mar-2020 , 07:56:21 am | Posted By CASANSAAR
The officers of Anti Evasion wing of Central Tax, Delhi West Commissionerate have busted a major racket of fake invoicing of Rs.7896 crore involving fraudulent Input Tax Credit (ITC) of Rs.1709 crore, using a network of 23 shell companies, which procured and generated invoices without actual supply ...
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Posted Date : 03-Mar-2020 , 10:15:54 am | Posted By CASANSAAR
GST department have arrested three persons involved in floating 17 fake firms and wrongfully availing credit on taxes paid on input worth Rs 436 crore by issuing fake invoices. Officers of the Central GST Delhi East Commissionerate detected that the fraudulently availed input tax credit by ...
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Posted Date : 02-Mar-2020 , 05:08:17 pm | Posted By CASANSAAR
The Small and Medium sector companies now get the benefit of the new return model under GST which ensures quarterly filing of returns for those taxpayers whose annual aggregate turnover in the preceding Financial year does not exceed Rs.5 crore. Department of Revenue have informed that there is n...
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Posted Date : 02-Mar-2020 , 08:29:57 am | Posted By CASANSAAR
The government is planning to launch lottery offer under the Goods and Services Tax (GST) from April 1 by conducting lucky draws every month for invoices of all business to customer (B2C) transactions. The lottery scheme is being envisaged by the revenue department to encourage customers to take ...
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Posted Date : 02-Mar-2020 , 08:23:17 am | Posted By CASANSAAR
The gross GST revenue collected in the month of February, 2020is Rs. 1,05,366crore of which CGST is Rs. 20,569crore, SGST is Rs. 27,348crore, IGST is Rs. 48,503crore (including Rs. 20,745crore collected on imports) and Cess is Rs. 8,947 crore (includ...
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Posted Date : 29-Feb-2020 , 08:46:29 am | Posted By CASANSAAR
Procedure for Integration of E-Way Bill with VAAHAN explained by CA. Bhavesh Mittal. Watch this Video,,, https://youtu.be/mGGxD3C4m_0...
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Posted Date : 27-Feb-2020 , 09:34:39 am | Posted By CASANSAAR
The indirect tax department has issued notices to thousands of companies that had claimed input tax credit under the goods and services tax framework after missing the deadline to do so, and asked them to reverse the transaction. These companies had claimed the input tax credit for fiscal 2018 an...
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Posted Date : 24-Feb-2020 , 09:59:13 am | Posted By CASANSAAR
A 28 per cent Goods and Services Tax (GST) will be levied on lotteries from March 1, according to a notification. The GST Council had in December last year decided to impose a single rate of 28 per cent on state-run and authorised lotteries. The revenue department notified the GST rate on supply ...
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Posted Date : 22-Feb-2020 , 10:09:47 am | Posted By CASANSAAR
New Return filing System under GST| Clause by Clause Discussion| GST ANX-1| GST ANX-2| GST RET-1| GST RET-2| GST RET-3. Comparision between GST Old and New System. GSTR-1 vs ANX-1 GSTR-2 vs ANX-2 GSTR-3 vs RET1/2/3 Clause by Clause Discussion by CA.Mohit Gupta https://youtu.be/pm04DcD16bQ ...
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Posted Date : 22-Feb-2020 , 09:45:59 am | Posted By CASANSAAR
A group of companies has dragged the government and the indirect tax department to court over denying input tax credit on gifts and samples given to customers and clients. Under the Goods and Services Tax (GST) framework, companies can set off costs incurred on raw materials or input services aga...
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Posted Date : 20-Feb-2020 , 09:29:15 pm | Posted By CASANSAAR
Faced with a revenue crisis of sorts, the government seems to have become penny-wise, especially when it comes to GST collection. The government is sending notices to taxpayers for dues as low as a few paise.However, that puts taxpayers in a jam. The government recently clarified that those filin...
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Posted Date : 20-Feb-2020 , 10:31:23 am | Posted By CASANSAAR
Interest Calculation under GST - Gross Vs Net explained by CA. Bhavesh Mittal with Latest Case Laws. Confusion after CBIC Tweets Watch this Video,,, https://youtu.be/AXvA1g_sF7s Dont forget to Subscribeubscribe CA Sansaar YouTube Channel...
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Posted Date : 20-Feb-2020 , 08:31:45 am | Posted By CASANSAAR
Describing India's latest tax reform GST as "the biggest madness of the 21st century," BJP leader and Rajya Sabha MP Subramanian Swamy said that the country needs to grow at 10 per cent per annum to become a superpower by 2030. He also demanded that former Prime Minister, late P V N...
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Posted Date : 20-Feb-2020 , 08:14:25 am | Posted By CASANSAAR
The Anti Evasion wing of CGST Delhi South Commissionerate has detected a case of Input Tax credit fraud through fake invoices issued by bogus firms. Investigations led to discovering the accused had also been generating bogus e-way bills to back the fake invoices. Over 35 entities are invol...
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Posted Date : 19-Feb-2020 , 09:18:01 am | Posted By CASANSAAR
In a moved aimed at de-stressing the GST system, the finance ministry staggered last dates of filling GSTR-3B, a monthly return form, and has provided three dates for different categories of taxpayers. Currently, the last date for filing GSTR-3B is 20th of every month. With the changes, there wil...
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Posted Date : 18-Feb-2020 , 10:02:30 am | Posted By CASANSAAR
Several important documents, including those belonging to audit section of the Department of Goods and Services Tax and files related to the appellate authority — which handles disputes on recovery and payments — were damaged in a fire at GST Bhavan in Mazgaon on Monday. Deputy Chief Min...
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- GST Important Update - Enhancement in the GST Portal
- NFRA Slaps Rs 5 lakh Penalty on Audit Firm for lapses in Vikas WSP Audit Case
- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
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- Maha expects Rs 15 crore entertainment tax revenue from IPL
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- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
Get Gst news for gst tax,hst return,gst refund etc on casansaar in india even offers goods and services tax ,credit,number,cheques,rebate news details.
