Get ready to seize a remarkable opportunity! Commencing on September 1, the government / GST Council is gearing up to unveil the ‘Mera Bill Mera Adhikar’ incentive scheme, designed to encourage patrons to demand invoices for their purchases. Through this initiative, consumers are presented with an enticing chance to pocket cash rewards varying from Rs … Continue reading Mera Bill Mera Adhikar App — Customers Get Incentives, Reporting Supply without Invoice
Category: GST
Power of GST Officers
GST Officers’ Authorities Understanding the authority of GST officers is crucial for every GST taxpayer. This awareness empowers them to approach the appropriate officer effectively, ensuring they make the right contact at the right time. Moreover, this knowledge safeguards their valuable time from being wasted due to approaching an incorrect GST officer, which could potentially … Continue reading Power of GST Officers
Expert Advises Small Taxpayers to Stay Vigilant While Reviewing GST Demand Notices
The recent decision of India’s Supreme Court to uphold the Patna High Court’s ruling, which rejected a writ petition filed by a taxpayer against a GST assessment order, carries significant implications. The impact of this ruling extends widely to entities such as Small and Medium Enterprises (SMEs), Micro, Small & Medium Enterprises (MSMEs), as well … Continue reading Expert Advises Small Taxpayers to Stay Vigilant While Reviewing GST Demand Notices
GST For Freelancers In India
Are you engaged in freelancing? Are you wondering about the necessity of GST registration for freelancers? Worry not, for we are here to provide assistance. In this article, we will delve into the key aspects of GST registration, its benefits, and the payment conditions relevant to freelancers. Who is required to undergo GST registration in … Continue reading GST For Freelancers In India
Transition and Transformation Towards GST 2.0 — Consultancy Invited to bid
Infosys’ technology support contract for Goods and Services Tax (GST) is set to conclude in September 2024. In response, GST Network (GSTN) has initiated a search for a consultancy firm. This firm’s primary task will be to create a bid document for the selection of a new technology service provider and to outline a strategic … Continue reading Transition and Transformation Towards GST 2.0 — Consultancy Invited to bid
Rule No. 47 — Time Limit For Issuing Services Invoices
Rule 47 deals with the time limit for issuing a tax invoice. In the scenario of providing taxable services, the invoice mentioned in rule 46 must be generated within thirty days from the actual date of supply of the service. Exceptions However, exceptions are in place. If the service provider falls under the category of … Continue reading Rule No. 47 — Time Limit For Issuing Services Invoices
Senior Tax Official Nabbed by CBI for Allegedly Taking a Bribe of Rs 5 Lakh
The Central Bureau of Investigation (CBI) has taken decisive action by apprehending a senior official from the Goods and Services Tax (GST) department in Mumbai. This official, identified as Hemant Kumar, holding the position of Superintendent at the Bhiwandi Commissionerate, was arrested on charges of soliciting and receiving a bribe of Rs 5 lakh. The … Continue reading Senior Tax Official Nabbed by CBI for Allegedly Taking a Bribe of Rs 5 Lakh
Maharashtra State Records Highest GST Collection in India at 18% Over 4-Month Period
Maharashtra’s GST revenue surge paints a striking picture, with an unwavering 18% growth from April through July in the current fiscal year. In contrast, the national expansion hovers modestly between 11% and 12%. This remarkable achievement in revenue stands as a testament to Maharashtra’s fiscal resilience. Notably, the state’s financial prowess was manifest in its … Continue reading Maharashtra State Records Highest GST Collection in India at 18% Over 4-Month Period
Detecting Counterfeit GST Invoices — A Practical Guide
In 2017, the Goods and Services Tax (GST) system was introduced with the explicit intention of simplifying taxation processes, supplanting numerous indirect taxes like VAT and service tax. For any business operating under the GST framework, the issuance of invoices is mandatory. These invoices must include a legitimate GSTIN, detailing the segmentation of Integrated GST, … Continue reading Detecting Counterfeit GST Invoices — A Practical Guide
MVIRDC Seeks Clarity on ITC for Capital Goods and GST Treatment of ESOPs
The industry body has recently submitted a policy memorandum to the government, outlining a comprehensive set of 12 recommendations aimed at enhancing the efficiency of the indirect tax system, primarily through improvements to the GST portal. This move comes as a response to the prevailing challenges that taxpayers are currently grappling with. Despite strides made … Continue reading MVIRDC Seeks Clarity on ITC for Capital Goods and GST Treatment of ESOPs