February 1, 2022
GST notice is a mode of one-to-one communication between the GST authorities and the taxpayers. The taxpayers should take the GST notices seriously and take corrective actions as directed in the notice. Taxpayers may have to pay monetary fines if the GST notices are ignored for a long time.In this short article, we will be
January 25, 2022
Budget 2022 expectations are building up among all the sectors as the Union Budget address 2022-23 is approaching. Exemption of GST on services availed by the common person is expected a big-time in this considering the exponential inflation. In this short article, we have discussed some major expectations of some prominent sectors from the Union Budget
January 19, 2022
There has been a mixed reaction among the e-com operators after the government’s decision to notify ‘Restaurant Services’ under section 9(5) of the CGST Act of 2017. 5% slab of GST on restaurant services is now applicable from 1st January of 2022.This decision was taken in the 45th meeting of the GST council called on 17th September
December 31, 2021
The CBIC has recently released a GST Notification 37/2021 – Central Tax on the 1st of December 2021. The CBIC notification has amended some sections of the CGST Rules of 2017. The CBIC has introduced these changes according to section 164 of the CGST Rules 2017, which confers amending power to the Government of India. In this
December 16, 2021
When two things (or amounts) don’t work well together or correspond with each other, then it’s a mismatch. Under GST there are various returns to be filed by the taxpayer, which provide data to the department. There are various possibilities for mismatch in GST return and these factors covered in this article.Each of these returns
December 3, 2021
Input Tax Credit under GST is the bedrock of the GST structure. Businesses should aim at using this feature wisely and avail maximum of eligible ITC under GST. In this short article, we have discussed a few important pointers that businesses should follow to claim maximum eligible ITC in FY 2022. The businesses must take utmost care