GSTN CEO Prakash Kumar: Pre-filled GST return form soon
GST-registered businesses will soon get pre-filled Return form, GSTR-3B, GST Network Chief Executive Officer Prakash Kumar said on Monday. “We […]
GST Recent News, News
Notification And Circular, Notification and Circular
CBIC waived the Late Fees for taxpayers having Nil Liability in Form GSTR-4 for the Period July 2017 to Mar 2020
CBIC vide Notification No. 67/2020 – Central Tax dated September 21, 2020, waived the late fees payable u/s 47 of
Advance Ruling-New, News
Property taxes, notional-interest on deposit influencing ‘supply-value’ do form part of ‘rental-income’, says AAR
Property tax and other statutory levies cannot be deducted from rental income for the purpose of arriving at the value
GST Recent News, News
GST evasion worth ₹4,167.91 crore detected in Tamil Nadu since July 2017
A total of 1,273 cases of evasion of the Goods and Services Tax (GST), amounting to ₹4,167.91 crore, from July
Notification And Circular, Notification and Circular
CBIC extends the Compliance date for Issuing Invoices for Goods Sent on Approval Basis, if falling between Mar 20 to Oct 30 till October 31, 2020
CBIC vide Notification No. 66/2020 – Central Tax dated September 21, 2020, extends the time limit for completion or compliance of
GST Recent News, News
GSTN to hold contest to showcase GST reforms across country
Goods and Service Tax Network (GSTN) will hold a month long contest for representing the various initiatives and reforms taken
GST Recent News, News
Net direct tax collection dips 31% in Apr-Aug to ₹1.92 lakh cr
The net direct tax collection during April-August was ₹1.92 lakh crore, down 31 percent over the same period of the last
Press Release, Press Release
Government issued Advisory to PSBs to moot action against personal guarantors of corporate debtors
The Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019
Important Pronouncements
Provisional attachment of bank account ‘patently illegal’ if search proceedings concluded
The Hon’ble Punjab and Haryana HC in UFV India Global Education v. Union of India & Ors. [CWP No. 11961
GST Recent News, News
Govt looks to extend faceless assessment scheme; changes in I-T, GST, Finance Acts
Replacing the earlier Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020, promulgated in March, the government introduced the