Levy of interest under GST - Complexities involved
The 39th GST Council meeting will be held on the 14th March 2020. Here are some of the expectations from the 39th GST council meeting.
The tax department is alL ready to play different types of Holi with the taxpayers, of which the Income Tax department will be playing the Floral holi (Foolonki holi) and the GST department will be playing Latthmar Holi.
Goods and Services that will be charged under the Reverse charge Mechanism as on 1st March 2020 with their effective dates.
GST on royalty paid to government for mining is a confusing area. There are two scenarios i) GST on royalty paid to Govt before 01.01.2019 ii) GST on royalty paid to Govt on or after 01.01.2019. The discussion is mainly focused in the point of view of assessee engaged in the business of quarry.
Mahagst gov in, the Department of Goods and Services Tax of the state of Maharashtra has taken an initiative with the objective of providing ease of doing business.
In-depth discussion on Composition Scheme under GST (Present scenario), Sections, rules, forms, notifications,circulars and orders
The GST is at vital stage at present. The Department is concerned about revenue and the Taxpayers are anxious about actions to be initiated against them for technical and innocent Mistakes done by them while trying to follow the back to back stringent GST procedures without any intension of evasion of tax.
GST is new tax and the dealers who followed it from the initial stage have made some technical mistakes which were not noticed by them within time or they were not rectified by the dealers since the facility of revision of such mistakes was not there. These were innocent mistakes and not the fraud and/evasion of tax.
Demand for interest payable on delayed payment of GST dues being raised on the Gross amount of tax payable before the availment of Input Tax Credit (ITC)
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)