Supreme Court allows 10% GST appeal pre-deposit via credit ledger in major relief for businessesThe Supreme Court has supported a ruling regarding Goods and Services Tax law. Companies can now use Electronic Credit Ledger for mandatory...
19 May, 2025, 09.50 PM IST
Have a query about the new GST amnesty scheme for waiver of interest and penalty? CBIC releases FAQ and clarificationsGoods and Services Tax (GST): Section 128A which was announced in Budget 2024 provides relief to GST registered taxpayers who have a pendin...
17 Oct, 2024, 08.48 AM IST
GST Amnesty Scheme: Who can apply, last date to apply, how to applyIf an individual has received an Goods and Services (GST) demand order on or before March 31, 2023 then an appeal against that order can be...
22 Dec, 2023, 01.06 PM IST
GST council clears draft for new GSTR-3B formThis would also help curb the menace of fake billing, whereby sellers would show higher sales in GSTR-1 to enable buyers to claim input tax...
01 Jul, 2022, 01.17 AM IST
GST officers told to block tax credit on basis of evidence, not just suspicionThe Central Board of Indirect Taxes and Customs (CBIC) said the commissioner, or an officer authorised by him, not below the rank of assist...
05 Nov, 2021, 11.54 PM IST
CBIC asks GST officers to block ITC only on basis of evidence, not suspicionThe Central Board of Indirect Taxes and Customs (CBIC) said the commissioner, or an officer authorised by him, not below the rank of assist...
05 Nov, 2021, 10.42 AM IST
GSTN blocks Rs 14,000-crore input tax credits of 66,000 taxpayersDepartment has power to block the ITC available in the electronic credit ledger of a taxpayer if tax officer has "reasons to believe" that ...
12 Oct, 2021, 04.44 PM IST
GST: Aim of digitisation is to convenience taxpayers and not harass them, says Bombay High CourtThe Bombay High Court was hearing a petition filed by BMW India Financial Services Ltd.
07 Nov, 2020, 09.24 AM IST
Unlocking GST credits lying unutilised can release working capital to industry and give boost to economyThe government can strengthen the existing recovery provisions under the GST law, which empowers it to recover any input GST credit that ha...
29 Jun, 2020, 11.48 AM IST
GST: Government should provide more relief to taxpayers to combat Covid-19 crisisOn the day of announcement of lockdown, most of these investigations were underway and have now been stalled as most lower level revenue au...
11 Apr, 2020, 10.47 AM IST
How to address the challenges expected from new GST returnsThere could be several other concerns that could come up during the actual GST return filing process under the new return system. Taxpayers...
18 Nov, 2019, 01.09 PM IST
HC rules taxman can seek interest on entire GST liabilityThis means that tax authorities can levy interest on the gross tax liability of an assessee if there is any delay in tax payment.
23 Apr, 2019, 11.39 PM IST
File GST retuns in time or face penalty on entire tax liability: Telangana High CourtThis means that tax authorities will be able to levy interest on the gross tax liability of an assesse if there is any delay in tax payment.
23 Apr, 2019, 04.01 PM IST
GST: Delhi HC seeks govt's response on plea challenging timeline for input tax creditA bench of justices S Ravindra Bhat and A K Chawla issued notice to the finance ministry and the GST Council and sought their reply to the ...
19 Mar, 2018, 01.06 PM IST
Input Service Distributors can now file GSTR 6 on GST portalThe last date for filing of GSTR 6 return for July is December 31, GSTN said in a statement.
08 Dec, 2017, 11.18 PM IST
ClearTax launches easy-to-use offline GST Calculator for SMEsTo help SMEs, CAs and tax professionals accurately calculate GST liability and make timely payments of monthly taxes.
26 Oct, 2017, 02.48 PM IST
There's more to Blockchain than just Bitcoin buzzThe conversation today is not about Bitcoin though; it is about the underlying technology which powers Bitcoin, called the Blockchain.
07 Jun, 2016, 02.47 PM IST