GST return filing

GST Return filing Defaulters cannot Raise E-way bill

GST Return filing defaulters cannot raise e-way bill

An urgent reminder to GST taxpayers: start doing GST Return Filing immediately or face the risky hindrance in your business operations. The recent notification will have a significant impact on taxpayers because the E-Way Bill generation blocking facility is now in effect. In this article, we will understand about the government’s most recent update as … Read more

GST Department may target Unregistered Businesses

GST Department may target Unregistered Businesses

The Goods and Services Tax (GST) department will continue its campaign this week to raise awareness about GST laws among local businesspeople and check unregistered companies in the Dehradun region. In this article, we will read the latest news that the GST Department may target unregistered businesses for their awareness program. We will also understand … Read more

GST collections in Sept jumped to 1.17 lakh crore

GST collections in Sept jumped to 1.17 lakh crore

GST Collections in Sept surpassed 1.17 lakh crores. It is a 22.5 percent year-on-year increase, the fourth-highest collection since its inception on July 1, 2017, and the second-highest in the current fiscal year. The GST Collection in September indicates a successful transition of commercial activities following the second wave of the Covid-19 pandemic as well … Read more

GST Officials Arrested Proprietor In Tax Credit Fraud

GST Officials Arrested Proprietor In Tax Credit Fraud

According to information available from the Bhiwandi commissioner, a man from Andheri was detained on a charge of the proprietor in tax credit fraud in unlawful business operations, such as fraudulent receipts, to claim Rs 9.95 crore in Input Tax Credits (ITC) as director of four enterprises. In this article, we will read the latest … Read more

GST late Fee may waive off on Delayed GST Return Filing

GST late fee may waive off on delayed GST Return filing

The CBIC (Central Board of indirect taxes and customs) directed the GST ( Goods or service tax) networks to waive off delayed fees or interest for a single day owing to technical glitches during the GSTR-3B filing return. The article discusses the latest news on  GST late fee may waive off on delayed filing of … Read more

Relaxations in GST Return Filing- Update for GST ITC-04 Form

Relaxations in GST Return Filing- Update for GST ITC-04 Form

A major relief for taxpayers having GST Registration. The Finance Minister Nirmala Sitharaman announced relaxation regarding a major GST Return Filing form. In this article, we will read about Relaxations in GST Return Filing related to GST ITC-04 Form. 45th GST Council Meeting The 45th GST Council meeting was held physically for the first time … Read more

GST on Packed Paratha, says Gujarat AAR

GST on Packed Paratha, says Gujarat AAR

The debate over the rate of goods and services tax (GST) on food products is far from done. The Ready-Made parathas, which require to be heated prior to consumption, can not be similar to chapati, roti, or Khakra and would attract GST at the rate of 18%, the GAAR (Advance Ruling Authority of Gujarat) has … Read more

Food Delivery Apps Liable to Pay GST on Restaurant Services

Food Delivery Apps Liable to Pay GST on Restaurant Services

The GST Council endorsed a proposal on Friday that platforms for public food supplies such as Swiggy and Zomato should collect 5% GST after getting GST Registration. The pandemic gave a boon for food supply platforms after the first lock-down and delivery of restaurants with aggregate orders such as Swiggy and Zomato up 120% of … Read more

How to Generate An E-way Bill?

How to Generate An E-way Bill

An E-way bill refers to a document or receipt produced by a carrier having GST Registration that provides details and instructions on the delivery of the products, and the details are names of the delivery agent, destination and route, the point of origin of the delivery. In this article, we’ll learn how to Generate An … Read more

GST & Income Tax Department may target Crypto Transactions

GST & Income tax department may target crypto transactions

Important news for Investors as the GST & Income Tax Department may target Crypto Transactions soon. If crypto transactions are taxed, investors might need to mention them in their ITR Filing. As per the recent reports, the Finance Ministry is considering taxing crypto income through trading and crypto exchanges. Sources argue that even if it … Read more