GST officers bust 304 syndicates involving Rs 25,000 crore fake ITC claimsIn an ongoing drive against bogus firms, GST officers have busted 304 syndicates involving 9,000 fake GST identification numbers (GSTINs) a...
Taxmen to conduct two-month special drive to weed out fake GST registrations, identify mastermindsThis menace of fake registrations and issuance of bogus invoices for passing fake ITC has become a serious problem, wherein fraudulent peop...
GST enables registration of one person companyThe Goods and Services Tax Network (GSTN) has enabled the registration of One Person Company under the Goods and Services Tax (GST) regime ...
How to identify a fake GST bill and report it: Here is the complete step-by-step guideA GST invoice is generated by a supplier or a seller to the buyer of the goods and services. The bill has all the information including ide...
CBIC issues guidelines for scrutiny of GST returns for FY 2017-18, FY 2018-19New Delhi: Central Board of Indirect Taxes & Customs (CBIC) on Tuesday issued standard operating procedure (SoP) for GST to streamline the ...
Importers, exporters to mandatorily declare GSTIN in documents from Feb 15Data analytics by the revenue authorities have detected rampant tax evasion through black market and under-valuing of imports. It has come ...
GST: Here’s what to do if your e-Way bill generation is blocked for tax defaultsNot possessing an e-way bill during transportation of goods can lead to the disruption in the day-to-day operations and deliveries of a bus...
CBIC sets up Help Desks’ for expeditious IGST refunds for MSME exportersThe Help desks would assist in resolution of IGST refund claims for MSME exporters as part of on-going ‘Refund Fortnight.
Snapdeal introduces Instant Sign-up for sellersIn addition to their GSTIN, sellers need to provide information like contact details, email and bank account details in which they will rec...
Taxpayers can now change email, mobile number under GST system. Here's how to do itMany have complained that the intermediaries had used their own email and mobile number during the registration process.
Here's how to spot a fake GST billBusinesses which have not yet received their final GSTIN must use the provisional number to issue invoices and file returns.
Goods and Services Tax identification numberGST is a single tax levied on goods and services throughout the value chain from producer/manufacturer to end customer.
GSTIN display on sign boards must for businessesTraders and businesses will have to display the GST registration number on their business sign boards and the registration certificate in p...
GST impact on e-commerce: Marketplaces put an embargo on non-compliant merchantsAccording to the All India Online Vendors Association, several merchants do not want to continue selling online in the next tax regime.
Don't rush for GSTIN; provisional ID will suffice initially: Hasmukh AdhiaThe provisional ID would work as the Goods and Services Taxpayer Identification Number (GSTIN) for the first initial few months, the Revenu...
GST: Traders need to declare only GSTIN for export, import"It has been decided that importer/exporter would need to declare only GSTIN at the time of import and export of goods," the ministry said.
Here's how you can draft a GST compliant invoiceFrom July 1, the invoices you raise will change. Here is how you can make an invoice that is in sync with the requirements of GST.