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DISCREPANCIES IN GST
Stakeholder inputs sought on proposed GST return changesThe Central Board of Indirect Taxes and Customs is seeking suggestions from various stakeholders on proposed tax changes. This consultation...- GST registration gets easier as CBIC drops Udyam proof, sets seven-day limit for approvalsThe Central Board of Indirect Taxes and Customs has issued clarifications regarding GST registration requirements for businesses. Companies...
- GST officers must prove intent to evade tax before invoking fraud provision: CBICGST officers cannot invoke fraud, wilful misstatement or suppression provisions merely because tax has not been paid or a discrepancy is fo...
- GST registration changes to get automatic approval for business name, additional address updatesThe government has simplified the procedure for amending GST registration details for businesses in India. Changes to legal names, constitu...
- Sugar stock checks to intensify after GST discrepanciesBeginning October 9, the government will implement a rigorous verification process of sugar stocks due to discrepancies discovered in both ...
- India's GST Revolution: How India’s biggest indirect tax reform changed its economy and its way of doing businessIndia's GST Revolution: GST has transformed India's indirect taxation system, eliminating many previous levies to streamline compliance and...
- Centre plans faceless CGST scheme in 3-4 months, seeks to cut taxpayer-officer interfaceThe Centre plans to launch a pilot faceless scheme under the Central Goods and Services Tax. The aim of the scheme is to reduce direct inte...
- Andhra Pradesh commercial tax collections rise 18 pc to Rs 30,436 cr in H1Andhra Pradesh’s commercial tax collections rose 18% year-on-year to Rs 30,435.98 crore during April-September 2026, with September recordi...
- Delhi man filing ITR found ₹79 crore unidentified income linked to PAN: Tax details show a Mumbai firm was using his credentials. Know what you should do in this situationA Delhi resident found that his PAN and identity information were used to register a fraudulent business. The GST registration, linked to a...
- Centralised interoperable digital layer can help bridge Rs 60 lakh crore MSME credit gap: ReportIndia's MSME sector faces a significant formal credit gap, with existing channels meeting limited debt demand. A new digital layer can conn...
- GST returns, overseas investments, off-market stock deal come under AISThe Income Tax Department is set to enhance its Annual Information Statement by incorporating additional data. This revision extends to GST...
- New invoice system in works to curb automated noticesThe CBIC is developing an advanced invoice management system to prevent automatic GST mismatch notices, aiming to reduce unnecessary litiga...
- New GSTN guidelines for transport via Indian Railways: Buyers won’t receive goods if E-Way Bill doesn’t have this detail, here’s how to do itGoods and Services Tax (GST): GSTN in an a new advisory said now freight operation information system (FOIS) of the Indian Railways has now...
- 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...
- CBIC issues SOP for scrutiny of returns for FY20 onwardsThe Central Board of Indirect Taxes and Customs (CBIC) has issued a standard operating procedure (SOP) for the scrutiny of goods and servic...
- CBIC rolls out module for automated scrutiny of GST returnsIn the module, discrepancies on account of risks associated with a return are displayed to the tax officers.
- Notices to firms after mismatch in GST tax creditsThe GST framework allows companies to set off part of their future tax liability against GST paid by them on the raw materials sourced from...
- Trader gets GST notice for 17-pt decimal errorThe discrepancy was based on the sales (GSTR-1) and purchase (GSTR-3B) return forms submitted by him from October 2017 to December 2017.
- Realty contractors move court over discrepancy in GST ratesWhile the government has fixed 18% GST for under-construction properties, it has allowed deduction of land value by the developer, making h...
- need2know: Five macro triggers that may matter for market todayRBI is expected to stay put on the repo rate in its upcoming monetary policy next month because of rise in inflation -- both wholesale and ...
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