My Experience: ๐Don't file GSTR-9 for cases where turnover is less than Rs. 2 Crores as it is optional. This will reduce the chances of notice for mismatch between GSTR-1 and GSTR-3B with GSTR-9. ๐ Every notice avoided is huge saving. ๐ฐ
11 months ago
๐ฅ Attention Tax Professionals ๐ฅ Want to Save Tax for your clients from High Pitch Demands? ๐ผ Here's a unique tip: ๐ Utilize the latest case laws to support your arguments! ๐ง ๐ก Stay informed and stay ahead in the game! Follow me, it cost Rs. 0 #TaxTips #KnowledgeIsPower
11 months ago
Is your Supplier/Vendor paying their taxes on time? Don't risk losing out on GST credit! Department will not shy in issuing Notice on non-payment by the Supplier. Stay informed and make sure they are making timely payments to the Government. #GST #TaxCompliance
11 months ago
GST Evasion Prosecution Does Not Depend Upon Completion Of Assessment: Kerala High Court The Kerala High Court has held that prosecution for offences under Section 132 of the CGST Act does not depend upon the completion of the assessment.
11 months ago
Bill brings setting up of GST Tribunals a step closer The Central Goods and Services Tax (Second Amendment) Bill, 2023 aims to raise the previous age limits of 67 and 65 years to 70 years for the president and members of the GST appellate tribunals (GSTAT).
11 months ago
Number of GST return filers up 65% to 1.13 crore in five years The Finance Ministry said that the number of GST return filers rose by about 65% to 1.13 crore in 5 years till April 2023.
11 months ago
๐ฆ๐๐ฒ๐ฒ๐ ๐๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ฎ๐ฝ๐ฝ๐ฒ๐ฎ๐น ๐ณ๐ผ๐ฟ ๐๐ป๐ถ๐ณ๐ผ๐ฟ๐บ ๐๐ฆ๐ง Sweet traders have sought the Bengal governmentโs intervention to mitigate the issue of unequal GST on packaged sweet and namkeen (snacks) products.
11 months ago
GST ratesโ rationalization is back on the table Group of ministers on ratesโ simplification under GST Council reconstituted after months of dithering.
11 months ago
Bombay Hiogh Court directed GST authorities to permit petitioner to rectify Form GSTR-1 either through online or manual mode.
11 months ago
Another Casualty Of 28% GST. MPL-Backed Striker To Shut Operations. The gaming platform is winding up its operations, Moneycontrol reported citing sources. However, there was no clarity on the timeline for the shut down and what will happen to the companyโs existing employees.
11 months ago