by Dinesh Batra | Jun 12, 2020 | Goods And Services Tax
The Goods and Services Tax Council on 12 June 2020, decided to further ease compliance burden on businesses by providing relief on late fee and interest payable on late payments. It reduced late fee and interest for those with tax liabilities and waived off late fee...
by Dinesh Batra | Jun 5, 2020 | Goods And Services Tax
Owing to the difficulties faced by taxpayers due to Covid-19, the Indian Govt. had earlier undertaken relief measures in April 2020 by way of providing relaxations in the last dates for undertaking various GST compliances. In view thereof, this month i.e. June 2020 is...
by Dinesh Batra | May 30, 2020 | Goods And Services Tax
The world, as a whole, is on a lockdown currently due to the exceptional situation regarding public health and safety caused by the Coronavirus (COVID-19) pandemic. The Ministry of Corporate Affairs, in order to ease matters for the companies, recently announced a new...
by Dinesh Batra | Apr 6, 2020 | Goods And Services Tax
With the increasing spread of COVID-19 and for the ease and benefit of the tax-payers the GST Department, Govt. of India has introduced several notifications, delaying the due date of filing of various returns. This step has been taken keeping in mind that it would...
by Dinesh Batra | Jul 3, 2019 | Goods And Services Tax
In a bid to minimize tax fraud using bogus invoices, the CBIC introduces ‘Manual Check’ for its customs and GST formation before the issuance of IGST refunds. However the notion was perceived as a setback to the automated refund process by many creating a misleading...
by Dinesh Batra | Jul 1, 2019 | Goods And Services Tax
The Revenue department has come out with the first audit exercise under the GST System, two years after its launch, a plan to audit accounts of registered business based upon their risk parameters. The risk parameters of businesses are based upon the history of tax...
