Offline utility for GSTR-9 and GSTR-9C for the FY 2022-2023 released
GSTR-9 is the annual return to be filed by every GST registered taxpayer for FY 2022-23 if its turnover exceeds…
Category: GST Articles
Can GST be paid by Credit Card / Cash: All about GST payments
Due GST payments after utilising the eligible input tax credit can be made either online or offline. Besides many one…
Salaried individuals under I-T scanner: Notices served for documentary proof to claim exemption
A cavalier attitude towards filing of income tax returns (ITRs), complete with fake rent receipts from close relatives, extra claims…
Xiaomi, Oppo, Vivo and Lenovo being probed for alleged GST evasion
In a reply to an unstarred question in the Rajya Sabha, Rajeev Chandrasekhar, minister of state for electronics and IT,…
CBIC issues clarification on levy of interest on wrong availment of IGST Credit
CBIC has issued a clarification vide Circular No. 192/04/2023-GST dated 17th July,2023, on charging of interest under section 50(3) of…
Latest CBIC Circular on how to deal with ITC mismatches- GSTR-2A vs. GSTR-3B
CBIC has vide its Circular No. 193/05/2023-GST dated 17th July, 2023 has issued clarification to deal with difference in Input…
GST Council asserts mere holding of shares in subsidiaries not subject to GST
The GST Council has laid to the rest the thorny issue of taxing shares held by holding companies in their…
ITC Mismatches in GSTR-3B vs GSTR-2A: Latest GST Council recommendation
In 50th GST Council meeting held yesterday amongst several recommendations one is in regard to procedure for verification of input…
28% GST rate will bring challenges to online gaming industry’
The GST Council has decided to impose a 28% tax on the turnover of online gaming, horse racing, and casinos…
Recommendations of 50th meeting of GST Council held today
The 50th meeting of the Goods and Services Tax (GST) Council was held here today, under the chairpersonship of the Union…
Businesses may have to explain discrepancy in ITC claims: New GST Rule likely to come
The GST Council is likely to decide on a new rule in GST law under which businesses would be required…
GSTN now authorized to receive information under PMLA 2002
The Ministry of Finance, Department of Revenue, has issued an important notification for including the Goods and Services Tax Network…