Raksha Parikh
Sitharaman stated in front of the House of Representatives that West Bengal has not filed its audited data since 2017 for GST Compensation. The West Bengal government on Friday night said the Centre owes it Rs 2,409.96 crore, responding to Union Finance Minister Nirmala Sitharaman’s statement that the state has not sent GST compensation cess claim with accountant general … Read more
News related to GST Compensation. The AG office closes out the books at the end of the financial year, so at first the pay is based on gross revenue, not net revenue The state government said it “does not agree” with Union finance minister Nirmala Sitharaman’s Lok Sabha statement about West Bengal and provided the … Read more
Those tax payers, who have submitted their TRAN Forms but have not filed it, are not able for GSTR-3B filling. GSTN Advisory issued for tax payers facing issue in filling GSTR-3B They are advised to raise a Grievance on the portal. According to Hon’ble Supreme Court’s directive filing of TRAN forms was made available for … Read more
The GSTN has permitted regular taxpayers to choose Composition Scheme 2023-24 by completing FORM CMP-02. The path to opt functionality –>Login in to the portal—>services–>Registration—>Application to opt for composition levy. Read similar articles
GSTN advisory on initiating Automated Drop Proceedings for suspended GSTN has been issued. Recently, a functionality of “Automated Drop Proceedings” of GSTINs suspended due to non-filing of returns has been implemented on the GST Portal. This functionality is available for the taxpayers who have filed their pending returns i.e. 6 monthly or 2 Quarterly returns. If such … Read more
A senior official said on Monday that India will not combine its GST tax rates in the next fiscal year. This puts off a change that the country has been thinking about for more than a year to simplify its tax system and make life easier for consumers. The country currently has five GST tax … Read more
Adani Wilmar GST Raid: The firm has issued an official statement regarding the raid and claims of GST violations, stating that the inspection was routine and officials did not detect any anomalies The company’s official statement is the most recent update in the Adani Wilmar Group raid at a Himachal Pradesh Depot Warehouse. As of … Read more
GST on cement may be revised as per Honorable Finance Minister According to Sitharaman, the government would be prepared for any new shocks brought on by global trends; the minister provides the example of how the Center handled an unexpected rise in fertilizer prices in 2021. Nirmala Sitharaman, Union Finance and Corporate Affairs Minister, stated … Read more
A simplified regulatory framework for e-commerce exports of jewellery through courier mode has been issued on 30.06.2022 by the Central Board of Indirect Taxes and Customs (CBIC) in the form of a Standard Operating Procedure (SOP). The SOP details the handling, movement and procedural aspects for such exports, based on electronic declarations, through International Courier … Read more
GST Collection January 2023 has exceeded 1.5 lakh crore for ten consecutive month GST Revenue Collection of January 2023 as compared to same month of last year Here the GST revenue Collection 2023 is compared with the same month of last year. That means, it is compared with GST Collection January-2022. GST Collection Amount ₹ … Read more