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GST RETURNS PENDING
As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processesIndia's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharin...
ET Prime Special Series: Multibagger or IBC - Part 60: This auto ancillary built its empire on one family. Can it survive the EV test?It began life making bicycle parts in Gujarat, the changed its name and business. That created scale, stability, and growth. A single custo...
Five reforms India needs before the next shockIndia faces economic vulnerabilities from external crises. Five reforms are proposed to build resilience. These include reducing gold and c...
GST dept issues tax demand of Rs 124 crore to Spicejet, slaps showcause notice for delay in return filingThe GST department has levied a significant tax demand of Rs 124.65 crore on SpiceJet. This action follows the airline's failure to file Go...
Missed GST return filing? Your GST registration could be suspended; check the legal positionGST registration can now be suspended for even minor delays in filing returns, a shift from the previous six-month rule. Experts highlight ...
GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concernsIndian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...
GST returns pending for 3 years to get time-barred from November tax period: GSTNStarting November 2025, businesses will face a hard deadline as the GST Network enforces a new rule prohibiting the filing of tax returns t...
From July 1, GST returns pending three years can’t be filedStarting July 2025, GSTN will restrict taxpayers from filing returns after three years from the due date, following a Finance Act amendment...
GST taxpayers can't claim pending input tax credit if GSTR 3B is not filed by this date for FY 2023-24Goods and services tax (GST): Registered taxpayers won't be able to claim any pending input tax credit if they don't file their GST return ...
Attention GST taxpayers: November 30, 2024 is last day to claim pending input tax credit by filing GSTR 3BGST input tax credit: GST taxpayers who are yet to claim any pending input tax credit for FY 2023-24 can do so by filing the GSTR 3B form t...
GSTR-3B deadline expired: File now to avoid input tax credit loss, GST registration cancellationGoods and services tax: The deadline to file GSTR-3B was November 20, 2024 and November 21, 2024 for Maharashtra and Jharkhand. If you have...
Appellate tribunals to taxing online games: What's GST Council's likely gameplay in its 50th meeting?India’s GST Council is expected to hold its 50th meeting this month, where some long-pending issues will be up for discussion. This include...
Businesses can revoke cancelled GST registration by June 30Businesses whose GST registrations were cancelled for non-filing of returns before December 31 can apply for revocation by June 30 by payin...
GSTN allows revoking suspension of registrationThe facility is for those taxpayers who file their pending returns after the receipt of the show-cause notice issued by the GST system.
CBIC asks taxmen to complete GST evasion investigations within a yearThe CBIC observed if the issuance of SCNs is pushed to close proximity of the end dates/last dates, it may leave very little time with the ...
E-way bill generation to be blocked from August 15 for return non-filers: GSTNIn an advisory to taxpayers, the GSTN said, "The government has now decided to resume the blocking of EWB (eway bill) generation facility o...
Industry hails late-fee relief for GST non-filers, demands zero tax rate on med devices, health servicesPHD Chamber President Sanjay Aggarwal said that small and medium businesses have been severely impacted due to the pandemic and allowing th...
GST return filing: These are the major changes in the process from JulyLarge taxpayers will continue to file the GSTR-3B during the months of October and November 2019, after which they will have to start filin...
Tax dept clears Rs 7,000 crore GST refunds of exportersAbout Rs 14,000 crore of refunds of exporters were stuck due to various mismatches and CBIC has organised the special fortnight to fast tra...
CII seeks easier GST compliance procedures in BudgetAccording to CII, simplification of GST compliances would result in higher number of returns filed, increased collection of revenues, and e...