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Posted Date : 23-Nov-2018 , 09:34:52 am | Posted By CASANSAAR
The Goods and Services Tax Network (GSTN) has enabled the option of ‘Annual Return Tab’ on GST portal for filing annual GST return. Yesterday, GSTN has enabled the option by creating a tab for filing GST Annual Return on GST Portal, there are high chances that GST Annual Return Utilit...
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Posted Date : 22-Nov-2018 , 07:56:45 am | Posted By CASANSAAR
The investigation arm of the Finance Ministry has detected tax evasion worth Rs 29,088 crore in 1,835 cases during April-October period of the current financial year, a senior official said Wednesday. Of this, the Directorate General of GST Intelligence (DGGI), which is enforcement agency f...
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Posted Date : 20-Nov-2018 , 08:35:34 am | Posted By CASANSAAR
The revenue department is planning to integrate e-way bill with NHAI's FASTag mechanism and DMICDC's Logistics Data Bank (LDB) services, to facilitate faster movement of goods and check GST evasion. The proposal, according to officials, will improve operational efficiencies across the cou...
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Posted Date : 20-Nov-2018 , 08:15:26 am | Posted By CASANSAAR
Reference is invited to Press Release dated 1.11.2018 regarding exam for GST Practitioners scheduled on 7.12.2018. On account of Assembly Elections in some of the states on 7.12.2018, the date of the examination stands revised to 17.12.2018 (17th December 2018). #casansaar (Source - PIB)...
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Posted Date : 19-Nov-2018 , 09:13:14 am | Posted By CASANSAAR
The Comptroller and Auditor General (CAG) of India is conducting performance audit of goods and services tax (GST) and is likely to finalise its report soon. The performance audit report on GST implementation could be tabled in Parliament as early as in the forthcoming Winter Session beginning 11 De...
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Posted Date : 17-Nov-2018 , 08:51:59 am | Posted By CASANSAAR
In what is seen as a major relief for GST assessees, especially dealers, the Kerala High Court has ruled that any GST mistakenly paid under one head can be adjusted under the correct head. While noting that it sees no difficulty for the tax authorities to allow the petitioner’s request and ...
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Posted Date : 16-Nov-2018 , 02:09:08 am | Posted By CASANSAAR
CASANSAAR Cordinally Invites you to Join us for Open House Discussion on Issues related to GST Audit & Annual Returns. Key Speakers :- CA Nagesh Bajaj. CA Puneet Agrawal CA Gaurav Gupta CA Shaifaly Girdharwal CA Nitin Gupta Venue ...
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Posted Date : 16-Nov-2018 , 07:29:45 am | Posted By CASANSAAR
Authorities impounded a car being sent by a dealer from Puducherry to Thiruvananthapuram for personal use of his customer without an e-way bill. It has to be generated if goods worth more than Rs 50,000 are transported, but is not applicable on goods for personal consumption. The matter went to the ...
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Posted Date : 15-Nov-2018 , 01:03:00 pm | Posted By CASANSAAR
Three men have been arrested for generating fake bills worth Rs 1,200 crore under the new Goods and Services Tax (GST) regime by the income tax department in Bengaluru after a two-month long investigation, officials said on Thursday. The three men identified as Suhail, Basha and Hafeezur were arr...
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Posted Date : 09-Nov-2018 , 08:54:35 pm | Posted By CASANSAAR
The GST Act provides for allotting a Unique Identification Number (UIN) to Consulates, Embassies and other UN Organizations to enable such entities to claim refund of GST paid. One of the conditions for claiming this refund is to file Invoice Level Data in their FORM GSTR-11 on the common ...
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Posted Date : 09-Nov-2018 , 09:24:13 am | Posted By CASANSAAR
There are concerns being raised about growing pendency of GST Refunds. Exporters arereassured that there is no le-tup in the sanction of GST refunds. The disposal rate is consistently improving month-on-month. As on 31st October, 2018, total GST refunds to the tune of Rs 82,775 crore have been dispo...
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Posted Date : 01-Nov-2018 , 10:28:29 pm | Posted By CASANSAAR
GST collections have crossed Rs 1 lakh crore mark in October this year. In September, the revenue from goods and services tax was 94,000 crore rupees. In a tweet, Finance Minister Arun Jaitley said, the success of GST is lower rates, lesser evasion, higher compliance, only one tax ...
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Posted Date : 31-Oct-2018 , 08:48:51 am | Posted By CASANSAAR
As much as Rs 32,000 crore lying in the integrated goods and services tax (IGST) pool has been apportioned between the centre and states in the month of October. The states' share would be over Rs 15,000 crore, the official said. The apportionment would add to the goods and services ...
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Posted Date : 30-Oct-2018 , 09:46:32 am | Posted By CASANSAAR
The GST council, chaired by finance minister Arun Jaitley, has met 30 times and taken 918 decisions related to laws, rules and rates for the new tax regime in just over two years. The goods and services tax (GST) council, which comprises state finance ministers and Union minister of state in char...
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Posted Date : 24-Oct-2018 , 07:30:59 am | Posted By CASANSAAR
Vehicle owners will have to pay a GST of 18 per cent to get pollution certificate for their vehicles, the Authority for Advance Ruling (AAR) has said. The Goa bench of the AAR passed the ruling on an application filed by Venkatesh Automobiles on whether the service provided for issuing '...
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Posted Date : 22-Oct-2018 , 08:52:56 am | Posted By CASANSAAR
It has been brought to notice that there have been apprehensions by trade and industry relating to the last date for availment of ITC for the period July, 2017 to March, 2018. In order to remove doubts, it was clarified that as per the law, the last date for availing ITC in relation to the...
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Posted Date : 18-Oct-2018 , 11:27:12 pm | Posted By CASANSAAR
There appears to be misgiving about the last date for taking Input Tax Credit (ITC) in relation to invoices or debit notes relating to such invoices pertaining to period from July, 2017 to March, 2018. Such uncertainty seems to stem from the Government’s decision to extend the l...
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Posted Date : 17-Oct-2018 , 12:38:53 pm | Posted By CASANSAAR
It has been brought to notice that doubts regarding the manner of filing the quarterly return by Composition Dealers in FORM GSTR-4 in the absence of auto-population of the details of inward supplies (other than supplies attracting reverse charge) received from registered suppliers exist a...
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Posted Date : 15-Oct-2018 , 04:01:40 am | Posted By CASANSAAR
Free or complementary tickets given by franchise owners for IPL matches will attract Goods and Services Tax (GST), the Authority for Advance Ruling (AAR) said. In response to an application filed by K P H Dream Cricket Pvt Ltd, which owns and operates IPL cricket team Kings XI Punjab, the Punjab ...
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Posted Date : 15-Oct-2018 , 09:13:14 am | Posted By CASANSAAR
Witnessing a large number of defaulters under the Goods and Services (GST) act, the Delhi Department of trade and taxes on Friday issued show cause notices to a total of 51,500 tax defaulters. Also, to keep an eye on the suspicious and un-lawful trading activities of the dealers such as bogus bil...
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Posted Date : 14-Oct-2018 , 03:04:51 am | Posted By CASANSAAR
The finance ministry on Friday dismissed as “exaggerated” and “inaccurate” exporters’ contention that about Rs 23,000 crore of goods and services tax-related refund claims are stuck with the government. “A large number of exporters have been granted refunds so ...
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Posted Date : 11-Oct-2018 , 07:47:02 am | Posted By CASANSAAR
The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) is conducting an examination for confirmation of enrollment of Goods and Services Tax Practitioners (GSTPs) enrolled on the GST Network under sub-rule (2) of Rule 83 and covered by clause (b) of sub-rule (1) of...
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Posted Date : 09-Oct-2018 , 10:27:39 pm | Posted By CASANSAAR
The GST Council had in January 2017 decided that both the central and state tax administration would have the power to take intelligence-based enforcement action. The CBIC has asked tax officials of the Centre as well as state governments to initiate enforcement actions against GST evaders irrespec...
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Posted Date : 05-Oct-2018 , 07:52:52 am | Posted By CASANSAAR
The government may extend the term of the National Anti-profiteering Authority (NAA) beyond its original two-year mandate, with policymakers arguing that the watchdog needs to function for a longer period in light of the frequent rate changes in the goods and services tax (GST) and the unfinished ta...
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Posted Date : 04-Oct-2018 , 08:21:21 am | Posted By CASANSAAR
The Supreme Court Wednesday upheld the constitutional validity of Goods and Services Tax (Compensation to States) Act saying it was not beyond the legislative competence of the Parliament. The top court said the Compensation to States Act, enacted by the Parliament in 2017, is not a "c...
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Posted Date : 02-Oct-2018 , 02:51:23 pm | Posted By CASANSAAR
The revenue department is planning to come out with a 'GST informant reward scheme' to check tax evasion by unscrupulous traders and businesses, an official said. It will be on the lines of similar schemes for excise and service tax, which has been subsumed under the Goods and Services Ta...
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Posted Date : 01-Oct-2018 , 11:12:20 pm | Posted By CASANSAAR
The total gross GST revenue collected in the month of September, 2018 is Rs. 94,442 crore of which CGST is Rs. 15,318 crore, SGST is Rs. 21,061 crore, IGST is Rs. 50,070 crore (including Rs. 25,308 crore collected on imports)...
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Posted Date : 01-Oct-2018 , 09:20:50 am | Posted By CASANSAAR
Companies that availed of more than Rs 25 lakh credit under the goods and services tax (GST) regime in lieu of levies paid under the previous system will soon have to give details of their purchase ledgers for six months before the new tax regime was rolled out. The government will soon bri...
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Posted Date : 28-Sep-2018 , 10:45:19 am | Posted By CASANSAAR
We have received enquiries from the members at large and other stakeholders as to whether an internal auditor of an entity can also undertake GST Audit of the same entity as required under the Central Goods and Service Act, 2017. The Council of the Institute, while considering the issue at its 37...
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Posted Date : 27-Sep-2018 , 08:08:28 am | Posted By CASANSAAR
The Commercial Taxes department has busted a racket involved in issuing fake GST invoices to help some dealers claim input tax credit (ITC) from the government. Three Bengaluru-based businessmen, who have been arrested, had issued fake GST invoices worth Rs 203 crore to facilitate bogus cla...
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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.
