2nd National GST Conference held for streamlining GST system
Posted Date : 08-Jan-2020 , 09:33:36 am | Posted By CASANSAAR
The 2nd National GST Conference of the Commissioners of State Tax and Chief Commissioners of Central Tax was held here today under the chairmanship of Dr Ajay Bhushan Pandey, Revenue Secretary, Ministry of Finance.
The multi-faceted Conference was focused on brainstorming session for strea...
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GST |
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Revenue department unearths IGST refund fraud by top exporters
Posted Date : 07-Jan-2020 , 09:06:20 am | Posted By CASANSAAR
During a crackdown to check the misuse of IGST (Integrated Goods and Service Tax) funds by star exporters, the Central Board of Indirect Taxes (CBIC), through a sample study of 241 cases, has identified at least 9 star export houses that are untraceable and 82 such exporters whose declarations befor...
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GST |
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0 | Hits : 2043
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CBIC uses data analytics to identify risky exporters
Posted Date : 06-Jan-2020 , 09:36:01 am | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) in its drive to check fraudulent availment of IGST refunds, has extensively used data analytics and matched data with income tax, GST and customs to identify risky exporters. Ongoing investigations have thrown up at least 9-star export houses as...
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GST |
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0 | Hits : 850
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Best Judgement Assessment under GST
Posted Date : 04-Jan-2020 , 08:45:26 am | Posted By CASANSAAR
Best Judgement Assessment under GST
Best Judgement Assessment by Proper Officer for Defaulters of GST Returns explained by CA. Shilpa Sardana.
https://youtu.be/P963koeRsW4
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GST |
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0 | Hits : 1568
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E-commerce cos may get to upload GST e-invoice for vendors
Posted Date : 04-Jan-2020 , 08:35:47 am | Posted By CASANSAAR
In a significant relaxation for the ecommerce sector, the government could allow online platforms such as Amazon and Flipkart to upload e-invoice for vendors under the goods and services tax (GST) framework.
As part of ongoing trials of e-invoicing, a detailed set of clarifications in the f...
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GST |
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0 | Hits : 813
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AI, data analytics to track GST evaders, boost compliance
Posted Date : 03-Jan-2020 , 08:59:13 am | Posted By CASANSAAR
The government plans to increase the use of artificial intelligence and data analytics to track down tax evaders, and improve compliance with the Goods and Service Tax in order to augment revenue.
Top tax officials are scheduled to participate in a brainstorming session to be chaired by revenue s...
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GST |
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0 | Hits : 776
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नए साल से GSTR 1 में ना करें ये भूल
Posted Date : 02-Jan-2020 , 09:49:55 am | Posted By CASANSAAR
नए साल से GSTR 1 में ना करें ये भूल.
Issues in GSTR-1 explained by CA.Rahul Jain.
https://youtu.be/I2APflqs7yk
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GST |
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0 | Hits : 1214
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GST collections touch Rs 1.03 lakh Cr in December 2019
Posted Date : 01-Jan-2020 , 07:36:50 pm | Posted By CASANSAAR
Indian economy began the new year on a positive note with the gross GST revenue collections for the December coming in at Rs 1,03,184 crore. This is the second straight month when GST collections surpassed the Rs 1 lakh crore mark, raising hopes that the economy may have bottomed out from the slowdo...
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GST |
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0 | Hits : 1085
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Rs 1,12,000 crore paid as IGST refunds to exporters - CBIC
Posted Date : 30-Dec-2019 , 09:36:27 pm | Posted By CASANSAAR
Central Board of Indirect Taxes and Customs, CBIC has said that over 1,12,000 crore rupees have been paid as Integrated Goods and Services Tax-IGST refunds to exporters.
In a statement, CBIC said, over 83,000 exporters have been benefited by these refunds. It said, this shows the government&rsquo...
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GST |
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0 | Hits : 715
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GSTR-3B नहीं File किया तो होगी कड़ी कार्रवाई
Posted Date : 27-Dec-2019 , 08:58:01 am | Posted By CASANSAAR
GSTR-3B नहीं File किया तो होगी कड़ी कार्रवाई
Discussion on Latest GST Circular No.129/49/2019 dated 24/12/2019 on SOP to be followed in case of non filer of return by CA. Pradeep Gupta. Watch This Video for Details.
https://youtu.be/9Zsg3gU4Qaw
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GST |
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0 | Hits : 974
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Anti-Evasion wing of CGST Delhi detects GST fraud of Rs 241 Cr
Posted Date : 26-Dec-2019 , 09:23:48 pm | Posted By CASANSAAR
The Anti-Evasion wing of CGST Delhi South Commissionerate has discovered here today yet another case of fake invoicing and GST fraud alongside a new modus operandi of defrauding the exchequer by exploiting the facility of refunds given for inverted duty structure. Over 120 entities who are involved ...
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GST |
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0 | Hits : 1800
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FinMin notifies GST grievance redress panel for tax payers
Posted Date : 25-Dec-2019 , 10:21:14 pm | Posted By CASANSAAR
The Finance Ministry on Wednesday notified setting up of a GST grievance redress committee at zonal/state level after it was approved in the last GST Council meeting this month.
The Council in its 38th meeting held on December 18 decided that a structured mechanism be set up for the taxpayers und...
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GST |
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0 | Hits : 1233
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GST on Notice Pay Recovery
Posted Date : 24-Dec-2019 , 08:18:39 am | Posted By CASANSAAR
GST on Notice Pay Recovery.
Notice period serve नहीं किया तो देना होगा GST???
Myth busted by CA Vishal Jain.
Watch this video to know more.
https://youtu.be/TNr0CMGtACY
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GST |
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0 | Hits : 1193
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Technical limitations cannot be ground to deny input tax credit under GST - HC
Posted Date : 24-Dec-2019 , 08:14:52 am | Posted By CASANSAAR
The Delhi High Court has said that the rights of Goods & Services Tax (GST) assessees ‘cannot be subjugated’ to the poor and inefficient software systems adopted by the authorities. The ruling is likely to benefit assessees who suffer due to technical glitches.
“The software...
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GST |
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0 | Hits : 1459
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New registrations by taxpayers being verified by GST council
Posted Date : 24-Dec-2019 , 08:07:57 am | Posted By CASANSAAR
The GST Council is verifying the 66.79 lakh new registrations by taxpayers, which could be fake or pertain to shell companies, Bihar Deputy Chief Minister Sushil Kumar Modi, who is also the convenor of Group of Ministers (GoM) on integrated GST, said on Monday.
"The new taxpayers, who are 66...
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GST |
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0 | Hits : 1484
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Companies under IBC process may get GST relief
Posted Date : 23-Dec-2019 , 04:11:14 pm | Posted By CASANSAAR
The government may allow companies undergoing resolution under the Insolvency and Bankruptcy Code (IBC) to pay current levies of goods and services tax (GST) without the mandatory payment of past dues. This will remove a hurdle in the bankruptcy resolution process.
Ministry of Corporate Affairs a...
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GST |
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0 | Hits : 889
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Question and Answers on ITC under GST
Posted Date : 19-Dec-2019 , 09:50:13 am | Posted By CASANSAAR
Question and Answers on ITC under GST.
Question and Answers on ITC under GST during the Webinar on Issues related to claiming of ITC under GST by CA. Gaurav Gupta.
This video is part of the Webinar on the issues related to claiming of ITC Under GST organised by CA Sansaar...
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GST |
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0 | Hits : 1229
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FinMin may develop app to file GST Returns, set up facilitation centres
Posted Date : 19-Dec-2019 , 09:43:38 am | Posted By CASANSAAR
The Finance Ministry is considering setting up facilitation centres and developing an app to help traders and small businesses file their Goods and Services Tax (GST) returns, The Times of India reported.
The facilitation centres would be similar to the Aadhaar Seva Kendras. It comes as the Centr...
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GST |
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0 | Hits : 1214
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GST Council’s decisions regarding Law and Procedure related changes
Posted Date : 19-Dec-2019 , 09:15:34 am | Posted By CASANSAAR
The 38th meeting of the GST Council met under the Chairmanship of the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here today. The meeting was also attended by the Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance ...
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GST |
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GST Council’s decisions On Rate Changes
Posted Date : 19-Dec-2019 , 09:14:13 am | Posted By CASANSAAR
The 38th meeting of the GST Council met under the Chairmanship of the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here today. The meeting was also attended by the Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance ...
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GST |
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0 | Hits : 972
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GST Council votes first time, Settles uniform lottery rate
Posted Date : 18-Dec-2019 , 08:11:57 pm | Posted By CASANSAAR
The GST Council, in its 38th meeting on Wednesday, voted for the very first time since its inception to settle for a uniform rate on lotteries across the country, Rajasthan Minister Shanti Dhariwal said.
This is the first time since the launch of the new overarching indirect tax that the Council ...
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GST |
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New GSTR 9 & GSTR 9C Utility would be available by 21.12.2019
Posted Date : 17-Dec-2019 , 01:10:44 pm | Posted By CASANSAAR
Government has made some changes in the forms of Annual Return (GSTR-9) and the Reconciliation Statement (GSTR-9C) vide Notification No. 56/2019 dated 14.11.2019.
These changes do not impact the current tools required for preparation and filing of GSTR-9 and GSTR-9A for the financial year 2017-18...
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GST |
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e-Invoicing Procedure under GST
Posted Date : 17-Dec-2019 , 10:09:42 am | Posted By CASANSAAR
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GST |
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Centre releases Rs 35,298 Cr GST compensation to States
Posted Date : 17-Dec-2019 , 09:39:55 am | Posted By CASANSAAR
After a delay of over two months, the Centre on Monday released Rs. 35,298 crore as GST compensation to the states for the August-September period. The move comes two days before the GST Council meeting to be held here to discuss various issues, including the inadequacy of funds to compensate the st...
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GST |
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0 | Hits : 662
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Promoters move high court over taxman’s power to arrest, attach accounts under GST
Posted Date : 13-Dec-2019 , 07:42:50 am | Posted By CASANSAAR
A dispute over the taxman’s power to arrest promoters of companies and attach their bank accounts over suspected evasion of goods and services tax has reached the Delhi High Court.
Several promoters have filed a joint writ petition in the high court, challenging the validity of the GST stat...
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GST |
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0 | Hits : 771
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1 अप्रैल 2020 से बंद होने वाली है GSTR 1 और GSTR 3B
Posted Date : 12-Dec-2019 , 10:13:56 am | Posted By CASANSAAR
1 अप्रैल 2020 से बंद होने वाली है GSTR 1 और GSTR 3B,
जाने नई रिटर्न्स के बारे में इस वीडियो में|
https://youtu.be/Qd06Y9exLb0...
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GST |
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0 | Hits : 1174
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New GST Simplified Return and Return Formats
Posted Date : 11-Dec-2019 , 09:20:48 am | Posted By CASANSAAR
New GST Simplified Return and Return Formats explained by CA Vishal Jain.
https://youtu.be/Qd06Y9exLb0
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GST |
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0 | Hits : 1009
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GST Council to change GST tax slabs to boost revenue
Posted Date : 11-Dec-2019 , 08:56:29 am | Posted By CASANSAAR
The GST council will be reducing the four tax slabs that currently exist – 5%, 12%, 18%, and 28% – to three – 8%, 18%, and 28%, as per a news report.
Two officials who familiar to the matter said that the taxes on branded cereals, mobile phones, pizzas, air travel, air-condition...
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GST |
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0 | Hits : 652
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Bengaluru shopkeepers penalised for not giving tax invoices to customers
Posted Date : 11-Dec-2019 , 08:41:10 am | Posted By CASANSAAR
The Commercial Taxes Department in the past two weeks conducted drives in which it imposed penalties on those dealers who failed to give tax invoices to their customers.
A press note from Commissioner of Commercial Taxes, Bengaluru said, "The officers of South Zone, Enforcement Wing of Comme...
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GST |
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0 | Hits : 633
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7 states to move SC if Centre doesn't pay up Rs 30,000 Cr GST dues
Posted Date : 09-Dec-2019 , 10:18:50 am | Posted By CASANSAAR
Amidst muted Goods and Services Tax (GST) revenue growth and worries over delayed allocation of compensation cess to states, a few state governments are considering legal recourse against the Centre if their dues are not cleared immediately. States like Kerala, West Bengal, Punjab, Delhi and Chhatti...
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GST |
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