GST return filing

GST Year End Activities

GST Year End Activities

We are entering into the new year 2022. Therefore, for businesses, it is a crucial time. Because if they do GST year end activities, only then a smooth and viable transition to a new year is possible. Missing out on some important GST Year end activities can result in difficulties for audits and other tasks. … Read more

Benefits of GST Return Filing by CA

Benefits of GST Return Filing by CA

Ever since GST was implemented, many people faced several challenges for GST Return Filing. Furthermore, many taxpayers are still confused about GST Return Filing till now. Also, multiple taxpayers make mistakes while return filing and regret it later. Thus, we all can agree that GST Return Filing is a complex process. However, there is a … Read more

GST Registration for Commission Agents

GST registration for commission agents

Special provisions for agents have been included in the GST. To begin, regardless of yearly aggregate turnover in a financial year, agents must register for GST. Thus, GST Registration is an important aspect for agents to conduct business. In this article, we will discuss the detailed process of GST Registration for Commission Agents. Who is … Read more

CBIC notified Hike in GST tax Rate on Fabrics, Apparel, Footwear

CBIC notified Hike in GST tax Rate on Fabrics, Apparel, Footwear

Major news for taxpayers and the common man in India. The news will directly impact your pocket. As per the latest updates, the CBIC notified a hike in GST Tax Rate on Fabrics, Apparel, and Footwear. The hiked rates are expected to directly impact the major business industries in the sector of Fabrics, Apparel, and … Read more

GST Officers Busted Fictitious Exporter In ITC Fraud

GST Officers Busted Fictitious Exporter In ITC Fraud

Delhi’s GST officers busted a fictitious exporter in ITC fraud of Rs. 134 crore. The Central Goods and Service Tax (CGST) officials have exposed a network of spurious exports and arrested a man named Chirag Goel in connection with GST fraudulent Input Tax Credit (ITC) of Rs. 134 crore. He intended to claim a GST … Read more

Unexpected Revenue Growth in Punjab GST Return filing for 2020-21

Unexpected Revenue Growth in Punjab GST Return filing for 2020-21

In a sign of continued development in business sentiment, Punjab has accounted for significant development in the GST collection in 1st half of pre covid financial year from 2020 to 2021. IGST (Integrated goods and services) and SGST (State goods and services) in April to September of this financial year stood at Rs 7851 crore, … Read more

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