Budget 2025: Easing compliance burden to boost trade efficiencySome steps like resolving input tax credit issues, automating GSTR forms, and improving refund timelines have been taken. However, challeng...
18 Jan, 2025, 04.14 PM IST
GST cess may fall short of Rs 1.37 lakh crore for states compensation; Centre likely to meet shortfallThe GST compensation cess fund might have a ₹1.37 lakh crore shortfall by March 31 due to ₹50,000 crore interest on Covid loans. An additio...
01 Jan, 2025, 11.29 AM IST
GST suppliers giving post-sale discount have to take undertaking from clients: CBICIn a separate circular, Central Board of Indirect Taxes and Customs (CBIC) clarified that ITC is available to insurance companies in respec...
27 Jun, 2024, 04.00 PM IST
GST compensation: West Bengal says Centre owes it over Rs 2,400 croreReplying to assertions that West Bengal's dues have been neglected, Sitharaman had said in Parliament on Friday that GST compensation to st...
11 Feb, 2023, 09.16 AM IST
CBIC notifies provision for self-certification from August 1According to issued by the the Central Board of Indirect Taxes and Customs (CBIC) notifications on Saturday, every registered person having...
31 Jul, 2021, 02.16 PM IST
Covid 2.0: Unboxing key GST developments during the pandemicCurrently, the GST law seems to be evolving more through notifications and circulars and is still far from settling down.
09 May, 2021, 10.56 AM IST
Budget 2021: FM does away with the need for GST Audit for a section of taxpayersThis will bring relief to SMEs that are struggling with the requirement for audits under numerous laws.
06 Feb, 2021, 09.49 AM IST
Govt extends deadlines for furnishing annual GST returnsA notification to the effect will be issued subsequently, the government has said.
30 Sep, 2020, 03.55 PM IST
CBDT again defers GST, GAAR reporting in I-T audit report till Mar 2021The reporting requirement of these details in income tax audit form has been kept in abeyance till March 31, 2021 -- meaning that all incom...
27 Apr, 2020, 09.30 PM IST
Taxpayer with turnover over Rs 2 cr need GST audit certificate, will be arduous job for auditorsThe Government on Thursday through the notification No. 49/ 2018 - Central tax dated September 13, 2018 has notified the format for GSTR-9C.
05 Aug, 2019, 03.08 PM IST
Companies to take GST audit exam; Experts want no penal actionThis is the first time that GST returns and the accounts of companies will be scrutinised.
05 Jun, 2019, 08.05 PM IST
GST audit: The last milestone in the journey of filing returns for FY 2017-18Filing of GST returns has gone through its own share of challenges and the Annual return and GST Audit is the last milestone, in completion...
23 Jan, 2019, 11.11 AM IST
GSTN to go in for third-party audit of its software: CEO Prakash KumarGSTN operates the IT backbone for collection of Goods and Services Tax (GST) data of over 1.11 crore registered business entities.
27 Jun, 2018, 03.19 PM IST
Exporters' GST refund: CBIC frames 'interim solution' to quickly clear Rs 14,000 crore pendingIn the first phase of refund fortnight observed between March 15-30, the Central Board of Indirect Taxes and Customs (CBIC) had cleared ref...
30 May, 2018, 10.01 PM IST
Digital authentication startup eMudhra looks to make a mark abroadPushed by goods and services tax, which has caused many corporate processes to go digital, eMudhra has seen a jump of 75% in the number of ...
20 Feb, 2018, 12.40 PM IST
B2B companies seek certification from vendors on GST gainsCurrently, the government is scrutinising whether service sectors such as telecom, banks & insurance firms too are following anti-profiteer...
06 Feb, 2018, 08.09 AM IST
Revised GST rules have GSPs in knots; want more timeGSPs want to defer the invoice filing date by at least a month from August to September, to allow testing and security compliance based on ...
14 Jun, 2017, 02.24 PM IST