GST
GST Authorities’ Power Of Arrest Under CGST Act Prima Facie Constitutional: Delhi High Court
GST returns not filed? Authorities can attach property, bank accounts
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GST Authorities’ Power Of Arrest Under CGST Act Prima Facie Constitutional: Delhi High Court
Livelaw.in
13 Jan 2021
Read more … …
GST returns not filed? Authorities can attach property, bank accounts
Timesofindia.indiatimes.com
Dec 27, 2019
NEW DELHI: A new set of rules have given the green light to GST authorities to attach property and bank accounts of those who fail to file tax returns despite repeated reminders. The move is part of a strategy to ensure better compliance — something that has been missing with a significant chunk of over 1 crore GST-registered entities failing to file returns on time. …
GST taxpayers alert! CBIC is going to use this unique number from Friday, here’s how it will benefit you
Financialexpress.com
November 6, 2019
Document Identification Number (DIN): In order to protect GST taxpayers from any harassment at the hands of errant tax officials, the Central Board of Excise and Customs (CBEC), is going to use a unique number in every communication with taxpayers from Friday. Initially, the department will use this unique document identification number (DIN) mostly for investigation related communications such as arrest warrants and search authorizations and it will be later expanded to cover all the communication issued by the officers of the board. All the communication issued on or after November 8 without a computer-generated document identification number will be invalid and deemed to have never been issued, said the CBIC in a letter issued to all the top officers on Tuesday. …
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Govt to Introduce Fresh Reforms in GST, New Return Filing System on Monday to Mark 2 Yrs of Rollout
News18.com
June 30, 2019
New Delhi: Kicking off celebration to mark two years of the GST implementation, the finance ministry will on Monday come up with further reforms in the indirect tax system with introduction of new return system, rationalisation of cash ledger system and a single refund-disbursing mechanism, among others. …
CBIC asks GST officers to be cautious while processing fresh registration
Timesofindia.indiatimes.com
Apr 3, 2019
NEW DELHI: Cracking down on tax evaders, the CBIC has asked tax officers to be cautious while processing application for fresh GST registration by those businesses whose earlier registration has been cancelled due to non-compliance. The central board of indirect taxes and customs (CBIC) also directed tax officers to analyse the information by an applicant in the fresh registration form regarding details of proprietor, director/members of managing committee of associations/board of trustees etc vis-a-vis any cancelled registration having same details. …
Soon, no e-way bill if GST returns not filed for 6 months
Financialexpress.com
January 20, 2019
Non-filers of GST returns for 6 consecutive months will soon be barred from generating e-way bills for movement of goods. The Goods and Services Tax Network (GSTN) is developing such IT system that businesses who have not filed returns for two straight return filing cycle, which is 6 months, would be barred from generating e-way bills, an official said. …
GST rates on 29 items, 54 services cut; return filing to be made simpler
Indianexpress.com
January 19, 2018
Rate cuts and clarifications for about 29 goods and 54 categories of services along with a convergence towards simplification of returns were the major takeaways from the 25th meeting of the goods and services tax (GST) Council held on Thursday. A decision on the introduction of Reverse Charge Mechanism (RCM) only for composition scheme dealers was also taken at the meeting. …
Traders come up with new ways to evade GST
Timesofindia.indiatimes.com
Jan 17, 2018
NEW DELHI: The government may try to put in place rules to check tax evasion but trust ingenious businessmen to come up with ways to beat it. That’s precisely what’s happening with goods and services tax (GST), where protests by traders have forced the government to go slow on enforcing several elements, such as matching of sales and purchase invoices and electronic way bill, that were meant to plug evasion. …
Inter-state supplies of up to Rs 20 lakh allowed without GST registration
Businessstandard.com
October 10, 2017
We are small service providers mostly rendering services within the state, but occasionally receive small amounts from our clients in other states. Our aggregate value of services on an all-India basis does not exceed the threshold limit. Is there any way to avoid registration and compliance rigours of GST?
The GST Council has now decided that service providers will be allowed to make inter-state supplies of up to Rs 20 lakh without GST registration. A notification is expected within a week.
Is it possible for us to purchase goods from an authorised distributor of a manufacturer and export the same? If so, how? …
GST Council meet: No PAN card required for jewellery purchase above Rs 50,000
Businesstoday.in
October 6, 2017
The government on Friday scrapped GST notification on gems and jewellery stating that PAN card will no longer be mandatory on the purchase of jewellery for over Rs 50,000, ANI reported
Also, government need not be informed on jewellery purchase of over Rs 50,000, which means that jewellers will not have to report data on buyers to Financial Intelligence Unit, it said. …
Relief for exporters & SMEs as GST Council reduces compliance issues, rates cut on 27 items
Moneycontrol.com
7 Oct, 2017
The Goods and Services tax (GST) council on Friday cut rates on 27 items and 12 services, and approved sweeping changes in rules to soothe frayed nerves of millions of small enterprises and exporters that have been battling with procedural irritants, delayed refunds and technical glitches on returns filing.
The Finance Minister Arun Jaitley-headed panel pushed for big changes in its 22nd meeting to iron out rough edges of the new tax system that has been hit by multiple pain points since it was rolled out on July 1. …
Print post-GST rates on items or go to jail, government warns traders
Timesofindia.indiatimes.com
Jul 8, 2017,
A grocery store in India (PTI photograph)A grocery store in India (PTI photograph)
NEW DELHI: The government on Friday warned manufacturer, importer and sellers of pre-packaged goods of penalties ranging from fines of up to Rs 1 lakh or prison terms up to a year for repeat offence of not printing the post-GST rates on product labels. The consumer affairs ministry has come out with the new norm for affixing the revised maximum retail price (MRP) on the old stocks, which were manufactured and packed before July 1. …
MRP rules under GST released. Read here
Timesofindia.indiatimes.com
Jul 4, 2017,
The government on Tuesday announced rules regarding MRP or maximum retail price for goods under the GST (goods and services tax) regime that was rolled out at the midnight of Friday and Saturday. There has been ample confusion among both consumers and retailers regarding how the MRP changes will reflect under GST.
“Under the GST regime, if a price of a product has increased the manufacturer/ importer/ packer will have to give an advertisement in two newspapers about the new MRP and put a revised sticker on the packaging,”, Department of Consumer Affairs Secretary Avinash Srivastava said. Both the new and the old MRP must show on the packaging, he added. …
Government, banks kill rumours on card payments under GST
Timesofindia.indiatimes.com
Jul 2, 2017,
MUMBAI: The government and banks have scotched rumours that payments by credit cards or other electronic modes of payment would lead to double taxation under the newly-launched Goods and Services Tax.
Revenue secretary Hasmukh Adhia clarified by way of a tweet that “A wrong message is doing rounds on social media that if you make payment of utility bills by credit cards, you will be paying GST twice. This is completely untrue. Please do not recirculate such message without checking it with authority,” he said. …
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