Finance Ministry Plans to Introduce Pre-filled GST Return Forms to Tackle Data Mismatches and Ease Compliance In a strategic move to streamline the Goods and Services Tax (GST) filing process and address the persistent issue of data mismatches leading to unwarranted tax notices, the finance ministry …
introduction Finance Minister Nirmala Sitharaman sought to alleviate concerns raised by global firms regarding ‘tax certainty’ within the Goods and Services Tax (GST) regime. Speaking on Monday, she emphasized the progress made by the Constitutional body of the GST Council in implementing the ‘One Nation, One …
The government has said that 7 individuals have been arrested by Central GST officers during a special drive to detect fake GST registration. The drive was conducted from May 16 to July 15, 2023. As part of the drive, 9,369 bogus entities have been identified and …
According to Finance Minister Nirmala Sitharaman, the eight northeastern states of India have experienced strong growth in Goods and Services Tax (GST) collection since its implementation. The GST revenue has seen an annual growth rate of about 27.5% in these states, leading to a significant increase …
The Indian gaming industry is facing a major crisis after the GST Council decided to levy a 28% GST on online gaming, casinos, and horse racing. This has led to widespread protests from the industry, with companies warning that the move could lead to thousands of …
Karnataka GST Department issued Circular No. GST-03/2023-24 on June 13, 2023. The circular outlined a number of measures that the department will be taking to ensure revenue collection, compliance, and effective GST Audit. Official copy of the circular has been mentioned below The major mandate for …
The Central Board of Indirect Taxes and Customs (CBIC) is considering introducing pre-filled consolidated GST return forms, similar to the Annual Information Statement (AIS) used by the Income Tax department. The move is aimed at reducing the compliance burden on taxpayers and improving the ease of …
On Thursday, the Directorate General of GST Intelligence (DGGI) arrested one Sanjay Dhingra, the promoter of Good Health Industries Pvt Ltd, Rajouri Garden, Delhi, which is engaged in manufacturing of ‘Dairy Best’ brand of desi ghee having manufacturing units at Mewat in Haryana and Saharanpur in …
