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Category: News

CBI files case against 2 GST Officials for demanding ₹ 5 Crore bribe
GST News

CBI files case against 2 GST Officials for demanding ₹ 5 Crore bribe

TW Editorial TeamSeptember 13, 2020September 13, 2020

The CBI sought permission from Union Finance Minister Nirmala Sitharaman to proceed against the officials which was accorded to the…

42nd GST Council meeting deferred to first week of October
GST News

42nd GST Council meeting deferred to first week of October

TW Editorial TeamSeptember 12, 2020September 12, 2020

The deferment comes in the backdrop of the ongoing tussle between the Centre and states over the pending compensation issue.…

Opposition States insist Centre must borrow for compensating them of revenue loss due to GST transition
GST News

Opposition States insist Centre must borrow for compensating them of revenue loss due to GST transition

TW Editorial TeamSeptember 9, 2020September 9, 2020

Opposition-ruled states are unlikely to budge on their stance and insist that the Centre should borrow to compensate them for…

Centre clears the air on GST compensation dues
GST News

Centre clears the air on GST compensation dues

TW Editorial TeamSeptember 8, 2020September 8, 2020

Union government clarifies it will honour its commitment to compensate state govts for the shortfall in tax collections A part…

Excise officials to go on mass leave for alleged witch-hunting in the GST evasion ‘scam’
GST News

Excise officials to go on mass leave for alleged witch-hunting in the GST evasion ‘scam’

TW Editorial TeamSeptember 6, 2020September 6, 2020

Excise and taxation officials today announced that they would proceed on a two-day mass leave on September 7 and 8…

GST is not a tax system, it is an attack on India’s poor, says Rahul Gandhi
GST News

GST is not a tax system, it is an attack on India’s poor, says Rahul Gandhi

TW Editorial TeamSeptember 6, 2020September 6, 2020

Continuing his attack on the Narendra Modi government’s economic policies, former Congress president Rahul Gandhi said that the “GST is…

New facilities provided in GSTR-2A generated on GST Portal
GST News

New facilities provided in GSTR-2A generated on GST Portal

Frah SaeedSeptember 5, 2020September 5, 2020

We all know that FORM GSTR-2A is a purchase-related tax (GST paid on inward supplies of goods or services or…

All India roll-out of faceless assessment from October,31 :[Read Circular]
GST News

All India roll-out of faceless assessment from October,31 :[Read Circular]

TW Editorial TeamSeptember 5, 2020September 5, 2020

CBIC vide its Circular No. 40/2020-Customs dated 04.09.2020 has communicated that the Board has decided to roll out the faceless…

GST rate cut for automobile sector is on cards
GST News

GST rate cut for automobile sector is on cards

TW Editorial TeamSeptember 4, 2020September 4, 2020

The Union minister of Heavy Industries and Public Enterprises Prakash Javadekar on Friday said the central government is looking into…

GST fraud of Rs 1,182 cr detected in Haryana, 69 fake firms found
GST News

GST fraud of Rs 1,182 cr detected in Haryana, 69 fake firms found

TW Editorial TeamSeptember 3, 2020September 3, 2020

Suspecting functioning of several firms, initially, the Tax Research Unit had zeroed on 138 newly registered taxpayers under GST for…

No compromise on demand of full GST dues.May move to Court: Kerala FM
GST News

No compromise on demand of full GST dues.May move to Court: Kerala FM

TW Editorial TeamSeptember 3, 2020September 3, 2020

More states will join the chorus for full GST compensation from Centre, says Kerala FM Thomas Isaac Full compensation must…

New functionalities made available for TCS and Composition taxpayers on GSTN portal
GST News

New functionalities made available for TCS and Composition taxpayers on GSTN portal

TW Editorial TeamSeptember 2, 2020September 2, 2020

1. Provision to make amendment, multiple times, in Table 4 of Form GSTR-8 Earlier, if no action was taken on…

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