The question whether the cryptocurrency is a goods or services have left tax professionals perplexed
If you are bored with the government debate whether cryptocurrency is asset or currency, then now a new debate awaits […]
GST Recent News
Press Release, Press Release
Historic and Highest ever Merchandise Export figures for December 2021 says Shri Piyush Goyal
As per the Preliminary Data for December 2021, India’s merchandise export in December 2021 was USD 37.29 billion, the highest
Important News
CBIC issued clarification w.r.t. factually incorrect tweets claiming increase in custom duty rate
As per the recent tweet of the Central Board of Indirect Taxes & Customs (“CBIC”), it has issued clarification regarding
Important News
Reporting of supplies notified under Section 9(5) /5(5) of the CGST Act by ECO in GSTR-3B
The Goods and Services Tax Network (“GSTN”) has issued Advisory dated January 04, 2022 regarding reporting of supplies notified under
GST Recent News
Enforce new GST rules in a fair manner
The Central Board of Indirect Taxes and Customs (CBIC) has told field officers to be just and fair in enforcing
Important News
Implementation of GSTR-1 filing-restriction for non-filing of GSTR-3B for previous month on GST Portal
The Goods and Services Tax Network (“GSTN”) has issued Advisory dated January 03, 2022 regarding the implementation of Rule 59(6)
GST Recent News
India’s cryptocurrency platforms lack clarity on tax provisions: Industry
Cryptocurrency platforms that are facing increased scrutiny from tax authorities for GST evasion are unclear about “applicable provisions” under the
GST Recent News
Demand to cut GST on scrap from 18% to 5%
After the Goods and Services Tax Council deferred the increase in the GST rates for the textile and garment business,
Press Release, Press Release
Thane CGST Commissionerate busts Rs. 22 crores fake GST ITC racket
The officers of Thane CGST Commissionerate of Mumbai Zone have busted a fake Input Tax Credit racket involving GST of
Important News
GSTN removed GSTR-2A from the GST Portal for the month of January 2022 onwards
The Goods and Service Tax Network (“GSTN”) has removed GSTR-2A from the GST Portal for the month of January 2022