Delhi’s GST officers busted a fictitious exporter in ITC fraud of Rs. 134 crore. The Central Goods and Service Tax (CGST) officials have exposed a network of spurious exports and arrested a man named Chirag Goel in connection with GST fraudulent Input Tax Credit (ITC) of Rs. 134 crore. He intended to claim a GST … Read more
Since GST (Goods and Service Tax) began, the government was charging a 5% tax on solar equipment. But now, the solar projects have been moved to the GST slab of 12%. GST rates hike on solar equip from 5% to 12% will have a significant impact on the solar business Furthermore, Due to these significant … Read more
The debate over the rate of goods and services tax (GST) on food products is far from done. The Ready-Made parathas, which require to be heated prior to consumption, can not be similar to chapati, roti, or Khakra and would attract GST at the rate of 18%, the GAAR (Advance Ruling Authority of Gujarat) has … Read more
The GST Council endorsed a proposal on Friday that platforms for public food supplies such as Swiggy and Zomato should collect 5% GST after getting GST Registration. The pandemic gave a boon for food supply platforms after the first lock-down and delivery of restaurants with aggregate orders such as Swiggy and Zomato up 120% of … Read more
An E-way bill refers to a document or receipt produced by a carrier having GST Registration that provides details and instructions on the delivery of the products, and the details are names of the delivery agent, destination and route, the point of origin of the delivery. In this article, we’ll learn how to Generate An … Read more
A huge relief for the nation’s $180 billion industry of BPO (Business Process Outsourcing) and IT Companies. The GST Council on Friday released a clarification that will open up hundreds of crores in tax refunds for IT, financial services, and research and development sector firms, and eliminate the four-year-old problem that has led to large-scale … Read more
GST audit to be discontinued and won’t be held by the Central Council for Indirect Taxation and Customs (CBIC) w.e.f. 1st August 2021. Throughout the execution of the authorities given in Article (b) of sub-section (2) of Section 1 of the Finance Act, 2021 (13 of 2021), the Central Government hereby determines the date on … Read more
The GSTR 9 is documentation submitted once per year by a taxpayer having GST Registration. This record will include all resources in the form and received underneath the several headings of tax (CGST, SGST, and IGST) throughout the whole year, including sales and audit information. In this article, we’ll learn about GSTR 9 Return Filing. … Read more
The ruling states that each learner’s hostel payment below Rs thousand each day would be subject to a ‘zero’ rate underneath Entry Number fourteen. The article gives information about No GST on hostel fees and the significance of. In this article, you’ll learn about No GST on hostel fees if less than Rs 1k per … Read more
GST Registration for Amazon Sellers is mandatory in India. As we all know, Amazon is an online selling platform. It provides a common platform for both sellers and buyers. It helps sellers deliver products and services worldwide. Similarly, using Amazon buyers can buy products anywhere in the world. In fact, it is one of the … Read more