Source: Financial Express Earlier this month, the government had notified new rules restricting the refund of input tax credit (ITC) to 20% of the total claimed amount. Many GST registered […]
Source: business-standard In line with the government’s assurance that wealth creators would be respected and honest taxpayers would not be harassed, the Central Board of Indirect Taxes and Customs (CBIC) […]
Source: Times of India On Thursday, Union Finance Minister Nirmala Sitharaman assured efforts will be made to further simplify the Goods and Services Tax (GST) and expressed hope that it […]
On Wednesday, Tamil Nadu Municipal Administration and Rural Development Minister S.P. Velumani urged Finance Minister Nirmala Sitharaman to reduce Goods and Services Tax (GST) on machined job order items from […]
Source: indiatvnews.com In a review conducted by the Finance Ministry this month, a significant gap was found in the filing of returns among Centre-administered assessees in comparison to the states. […]
Source: thehindubusinessline.com If you had made a hotel booking in September or earlier for a stay in October and onward, you might have received a message regarding a refund of […]
Source: Livemint Companies may have to change their enterprise resource planning (ERP) systems because of the new Goods and Services Tax (GST) returns which will be implemented from April 2020 […]
Source: thehindubusinessline.com Revenue Secretary Ajay Bhushan Pandey has said that the government is in the right direction to meet its tax targets, in spite of the significant corporate tax cut. […]
Source: economictimes The government has introduced limitations on the availability of input tax credit (ITC) by GST assesses, if the details have not been provided by the supplier. This is […]