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TAXPAYER RIGHTS IN GST
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...
‘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...
Sitharaman urges GST officers to be polite, empathetic toward honest taxpayersFinance Minister Nirmala Sitharaman urged GST officers to be polite and empathetic towards honest taxpayers, emphasizing technology for fas...
GST Amnesty Scheme update: Now you can file appeal against GST Amnesty Scheme order issued in SPL 07 formThe GSTN has enabled online filing of appeals against rejection orders (SPL-07) under the GST Amnesty Scheme u/s 128A, offering relief to t...
GST amnesty scheme update: Submit screenshot of appeal withdrawn application to become eligible, says GSTNGreat news for Goods and Services Tax payers. The GSTN has issued a new advisory regarding the GST Amnesty Scheme. Taxpayers can now submit...
SC backs businesses' right to fix GST filing errors, asks CBIC to revise timelinesThe Supreme Court has directed the CBITC to re-examine the GST filing correction timelines, emphasizing that clerical errors should be fixa...
GST Amnesty Scheme: Last few days left for payment of tax to apply for the scheme using SPL-02 formGST Amnesty Scheme: You need to make the tax payment by March 31, 2025 to become eligible to apply for GST Amnesty Scheme by June 30, 2025....
Deadline for filing GSTR 3B extended for taxpayers in these election bound statesGoods and services tax (GST): The deadline to file GSTR 3B which is a statement of input tax credit available to claim has been extended to...
GST return filing time limit soon: No filing to be allowed after 3 years of due date, it's time to file any pending returnGoods and Services Tax (GST): The GST portal is soon going to implement a change which will essentially make GST returns time barred if thr...
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...
Supreme Court permits companies to claim transitional tax creditWhen India moved to the GST regime in 2017, companies had to transition the credit sitting on their books. So, the closing balance in the o...
Summoned by GST authorities? Know your duties and rightsTaxpayers need to be conscious while making any statements before the GST officers as these can form the basis for issuing notices or takin...
Budget 2021: FM does away with the need for GST Audit for a section of taxpayersThis will bring relief to SMEs that are struggling with the requirement for audits under numerous laws.
Allahabad High Court rap “callous” taxman for “harassment” of a taxpayer under GST frameworkThe high court also revoked the cancellation of registration of the taxpayer on account of “non filing of Goods and Services Tax (GST) retu...
GST 2.0: Preparing for integration of e-way bills with GST returnsThe crucial aim of building the GST system is to allow a free and transparent flow of credit for taxpayers. The new system looks up to acco...
India Inc hails GST Council's decision to allow quarterly return filingThe decision to allow quarterly filing for businesses with a turnover of up to Rs 5 crore is being lauded.
India Inc hails GST Council's decision to allow quarterly return filingThe move will benefit 93 per cent of the GST registered taxpayers. However, they will have to, however, pay taxes monthly.
FM Arun Jaitley rules out lowering GST rate for textiles sectorUnder the Goods and Services Tax regime yarn and fibres made from silk, wool, cotton or other vegetable fibres attract 5 per cent tax.
Bodhtree Consulting inks partnership with Infosys to provide GST solutions"The size of the project could be over Rs 200 crore and we are working towards realising these revenues in the next three years," Bodhtree ...
PAN a must for excise, service taxpayers for GST registrationGST will subsume excise and service tax, and CBEC has initiated the process of migrating taxpayers through issuance of a provisional regist...