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ACTIVE GST TAXPAYERS
Govt extends GST Appellate Tribunal appeal filing deadline to July 31 after portal rushTaxpayers now have until July 31, 2026, to file appeals with the Goods and Services Tax Appellate Tribunal (GSTAT). This extension, a month...
Trade disruptions, API dependence, compliance costs: Pharma MSMEs spell out policy priorities on World MSME DayIndian pharmaceutical MSMEs are facing immense pressure from rising costs, supply chain woes, and stringent regulations. Industry represent...
‘Markets will remain noisy. That’s how you make money’: Axis MF’s CEO & MD B. Gopkumar on SIPs, volatility and investingAxis Asset Management Company has navigated turbulent weather in the past few years, coming under regulatory scrutiny over a controversy in...
GST@9: Building a more seamless, certainty-driven input tax credit frameworkA more balanced and predictable approach can help safeguard revenue, reduce disputes, enhance taxpayer confidence, and create a more effici...
Tax ruling can set off a game of thorns for gaming company directorsIndia's money gaming firms are worried about directors facing tax demands. A Supreme Court ruling upheld a 28% GST on bets. This could mean...
Adityanath calls for trader-friendly tax system, better services for honest taxpayersUttar Pradesh Chief Minister Yogi Adityanath has instructed the state tax department to boost revenue collection. He emphasised providing f...
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 ...
Extend GSTR-3B return filing deadline: Demand by advocates and CAs as the portal is not working properlyChartered accountants and tax professionals are demanding an extension for the GSTR-3B filing deadline, citing persistent issues with the G...
GST enforcement should be balanced with sensitivity: SBI Research amid K'taka UPI-GST rowSBI Research cautions that aggressive GST enforcement based on UPI transactions could push small businesses back into the informal economy,...
Five states account for nearly 50% of active GST taxpayers; UP leads: SBI ReportAn SBI Research report reveals that Uttar Pradesh, Maharashtra, Gujarat, Tamil Nadu, and Karnataka account for nearly 50% of India's active...
GST audit report in Maharashtra will be issued offline; know what steps to take to avoid future litigationGoods and services tax: The Maharashtra GST department has issued a circular which allows GST proper officers to conduct the GST audit proc...
Less than 2% assessees under CGST gets notice, working to make taxpayers life easier: FM SitharamanAddressing the media post the GST Council meeting, the Minister said as of December 31, 2023, only 1.96 per cent of all active tax assessee...
GST: From payment for not serving notice period to cheque dishonour, CBIC clears the airThe Circular also mentions non-compete fees, late payment charges by utility providers of electricity, water or cancellation charges levied...
Govt offers filing of NIL GST statement in form GSTR-1 through SMSThis would substantially improve ease of GST compliance for over 12 lakh registered taxpayers who had to otherwise log into their account o...
Cost of Compliance under GST goes up by 2X for taxpayersIn the pre-GST era, the filing of indirect tax returns was a mutually exclusive activity by the taxpayers, independent of the supplier or b...
Businesses can approach jurisdictional tax officer to migrate to GST: CBICRegistered taxpayers under the erstwhile indirect tax regime were allotted a 15-digit provisional ID before the introduction of the Goods a...
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.
Taxpayers can check return filing status of suppliers on GSTN portalGSTN, the company developing the technology backbone for the new indirect regime, has developed the utility which will help buyers to check...
GSTN launches offline utility for filing purchase returns GSTR-2This will be helpful in comparing this data with purchase register to take actions like accept, reject and modify, GSTN said in a statement.
ARN not mandatory for doing business, GSTIN sufficient: Navin KumarNavin Kumar said ARN quoting is restricting large number of taxpayers in conducting their day-to-day business activities and instead provis...