GST advisory for the taxpayer wishing to register as “One Person Company”
Goods and Services Tax Network has issued an Advisory dated 21st March 2023 for the taxpayer wishing to register as “One Person…
Author: TW Editorial Team
TW Editorial Team comprises of team of experienced Chartered Accountants and Advocates devoted to spread the knowledge of GST amongst the various stakeholders.
Delhi GST detect Rs 17 crore tax evasion by issue of fake invoice, arrests 2
GST officers in Delhi have unearthed a fake invoicing racket involving tax evasion of Rs 17 crore and arrested two…
Reversal of ITC at midnight during search and seizure can’t be voluntary payment of GST dues: Gujarat HC
Experts feel such an action by the official was complete violation of CBIC circular and it should be avoided. Reversal…
Gift vouchers neither goods / services and thus Mytra not eligible for ITC, rules KAAAR
Myntra is not eligible for input tax credit (ITC) on the gift vouchers sourced from third party and made available to…
Transfer of amount in Cash Ledger from one GSTIN to another GSTIN enabled
The Goods and Services Tax Network (GSTN) has enabled the option to use the amount in the cash ledger of one Goods…
GST: SOP issued for Cancellation of Registration and for Repository of Non-genuine Taxpayers
The Delhi Government of NCT, Department of Trade and Taxes (Policy Branch) has issued Standard Operating Procedure vide Circular No.F.3(479)/GST/Policy/2023/ 346…
Income Tax Benefits on Home Loan that you must know
Home loans come with tax benefits that can help reduce the overall tax liability of the borrower. The principal amount…
Decisions taken in 49th GST Council Meeting: All you need to know
The 49th GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in…
GST Council’s 49th Meet Today: Here is What Is Expected
The GST Council is likely to take up matters such as tax rate change on cement, setting up of appellate…
GST Breaking: Negative Values in Table 4 (ITC) of GSTR-3B now Live
Goods and Services Tax Network (GSTN) has issued an Advisory dated 17th February 2023 regarding the Introduction of Negative Values in Table 4…
1500 Aadhaar cards used illegally to generate bogus GST numbers
The state GST department has unearthed a scam with a new modus operandi where 1,500 Aadhaar cards were illegally used…
GST Council to meet on February, 18: Know what to expect
The GST Council will meet on 18th February, 2022 to discuss a host of issues including states’ revenue position and…