Net Tax Liability to be Considered for Interest on Late GST Payments

The 39th GST Council meeting declared that the interest on delayed GST…

Companies approach court over denial for ITC on gifts and free samples

Few companies approached the Hon’ble Gujarat High Court against the government and…

Government to collect Rs 46,000 crore as interest for GST late payment

The Central Board for Indirect Taxes and Customs (CBIC) has come up…
Corporate tax

TRAN-01 pushed to 31st March, CGST Act amended

CBIC has extended the date of filing the form TRAN-01 to 31st…

Budget 2020: Punitive Measures in GST Law to Weed Out Fake ITC

The Union Budget 2020 has tabled some significant measures to keep a…
Corporate tax

Two-level Revisional Authorities set up under GST law

The Goods and Services Tax (GST) has evolved over the last three…

GST Collection for December Goes Beyond Rs 1 Lakh Crore

The GST revenue collection for December 2019 has crossed Rs 1 lakh…

More Conditions laid down to claim ITC in GSTR-3B by CBIC

CBIC is looking for all possible means to curb the fake ITC…
GST

GST Revenue Collection Declines by 5.3% in October

October has been the third continuous month wherein GST collection has remained…

Nodal Officers Will Now Handle GST-Related Complaints

Soon, there will be a nodal officer appointment for resolving taxpayer complaints.…