Assessment is an important process under the Goods and Services Tax (GST) Act in India. It refers to the verification and determination of the tax liability of a taxpayer. Under GST, assessments are conducted by the GST authorities to ensure that taxpayers are complying with the …
Suo moto cancellation of GST registration refers to the cancellation of a registered person’s GST registration by the GST officer on their own initiative, without any request or application from the registered person. This can be done if there are valid reasons specified under Section 29(2) …
The 49th GST Council Meeting was held on February 18, 2023, to discuss and make recommendations on several issues related to the Goods and Services Tax. The Council proposed several recommendations, including compensation for GST, GST Appellate Tribunal, capacity-based taxation, and special composition schemes for certain …
Vivek Johri, Chairman, Central Board of Indirect Taxes and Customs (CBIC), has said that Rs 1.5 lakh crore in goods and services tax (GST) collection has become the new normal and that the Board is confident that it will cross this figure in the coming year. …
The GST Flyers published through the web site of Central Board of Indirect Taxes & Customs (CBIC) say that, tax laws (or any laws, for that matter) impose obligations. Such obligations are broadly of two kinds: tax-related and procedure-related. The taxpayer’s compliance with these obligations is …
GSTR- 1 It is a return of reporting as no tax is paid, details of sales, invoices generated, debit note, credit note. To be filed by a normal tax payer a return of sales transactions. Can be paid monthly or quarterly (optional) (for the taxpayer whose …
1.Due date for deposit of Tax deducted/collected for the month of January, 2023. However, all the sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an …
The Uttar Pradesh Authority of Advance Ruling (AAR) ruled that no GST payable on Services rendered under the Contract with State Urban Development Agency, Uttar Pradesh (SUDA) and Pradhan Mantri Awas Yojana (PMAY). Facts of the case:- The appellant, M/s Arinem Consultancy Services (P) Ltd. sought …
