Category: Tax Advisory

As per tax officials e-way bill may elevate the GST Revenue

The Goods and Services Tax (GST) revenue is expected to escalate by 20-25% after the commencement of electronic way (e-way) bills. This will track

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Last Date for filing GST Returns extended by Government

Business with turnover up to Rs. 1.5 Crore can now file their Goods and Services Tax (GST) Returns for the months of July-September till January 10, 2018

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Crucial Last Date for filing various GST forms provided by GSTN

Form GST REG-26 i.e. application for enrollment of existing taxpayers: December 31, 2017.

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GST Return Forms to be merged from triplicate to ease the procedure

The Goods and Services Tax (GST) Council to acknowledge merging the triplicate GST Return forms to assuage the procedure of filing returns.

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25% hike GST cess on luxury cars after Government Approval

The Lok Sabha has recently approved a bill to hike Goods and Services Tax (GST) Cess on luxury cars from 15% to 25%.

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The 13th amendment in the CGST Rules 2017 notified by CBEC

The Central Board of Excise and Customs (CBEC) has notified the 13th amendment in Central Goods and Services Tax (CGST) Rules

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RERA and GST impact: Corporate housing societies to be high-priced

The outbreak of RERA and GST is likely to elevate the prices of corporate housing societies as registration process need to be completed under RERA and GST.

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Avoiding Income tax notice by defrauding address is now irreparable

Income tax rules have been amended to insure that notices, summons or any other communication issued by the department is delivered through post or e-mail.

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Refund application in GST regime is unevolved than VAT

Goods and Services Tax (GST) was enforced this year in July. Since there was no proper infrastructure to support the GST regime

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CBDT forms 9 member committee for full I-T e-assessment from 2018

The Central Board of Direct Taxes (CBDT) notified a 9-member committee headed by a Principal Chief Commissioner rank officer to roll out

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RERA, GST pull down Home Loan Growth

Home loan interest rates have dipped, but buyers’ sentiments have not improved, data shows, leading to a sharp fall in home loan growth.

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GST TRANS-2 Forms are now available on GST Portal

GST TRANS-2 FormsThe unregistered taxpayers under the GST law have been provided with a facility to fill form GST TRANS-2 on GST Portal.

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Decision on e-way bill as on 24th GST Council Meeting

24th GST Council meeting that held on 16/12/2017 through video conference about the implementation of e-way bill system across the country.

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Data scan to be planned by GST Network to identify tax fugitive

The IT backbone of GST regime is planning to initiate the process of mining data to detect tax evasion and analyze taxpayer behaviour.

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GST relief for home buyers; realtors warned

In major relief to property buyers, especially apartments, Goods and Sales Tax (GST) authorities have warned realtors and construction companies

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