The GST Mitra

   GSTN on its portal has enabled facility for taxpayers to view notices and orders issued.   GSTN, in partnership with ICAI, has introduced e-invoice standard template, (referring and considering the PEPPOL standard, which is based on UBL standard) which also takes into account the requirement under tax laws and has features, which are required for international trade.   Punjab Tax Bar Association writes to Chief Minister to resolve GST refund matter soon.   Liberty to increase prices as per the business cycle after transferring GST cuts may come as a relief to Companies. lakh to Rs 40 lakh. GST Registration,  GST Notifications,  GST Announcements, GST Return, Goods and Services Tax,

Normal / Composition / SEZ Developer / SEZ Unit / Casual Taxable Person / ISD / NRTP users can now select a GST Practitioner for filing of Application for Cancellation of Registration;  UN Body / Embassy can now select a GST Practitioner for filing clarifications on issues raised by a tax official on their registration application;  The GSTP can save draft of the application.  The taxpayer users and GSTP would be able to work on the drafts of the application, saved by either of them. GST Registration,  GST Notifications,  GST Announcements, GST Return, Goods and Services Tax,

Ahmedabad, Jul 25 A man was arrested here on Thursday for his alleged involvement in illegally utilising and passing Input Tax Credit of Rs 129.92 crore, an official said. With his arrest, the Preventive wing of the Central GST Ahmedabad-South Commissionerate busted the racket of issuance of fake invoices wherein huge amount of ineligible Input Tax Credit was fraudulently availed and utilised to evade the payment of GST, said Sachin Gusia, Joint Commissioner (Preventive), CGST, Ahmedabad-South. Aliasgar Vahidali Saiyed, 31, a resident of Ahmedabad, was arrested for availing wrong Input Tax Credit of Rs 129.92 crore on bogus invoices without the receipt of goods, he said. Good sand services tax, GST Notifications, GST Announcements, GST News, Gst mitra, GSTrate, GST Council,     

The government on Thursday re-appointed Badri Narain Sharma as chairman of the National Anti-profiteering Authority (NAA) which ensures that consumers get benefit of reduced prices under the Goods and Services Tax (GST). An official order said that Sharma, who was due for retirement on next Wednesday, will continue as the NAA chairman for another two years. The Appointments Committee of Cabinet, chaired by Prime Minister Narendra Modi, cleared the name of Sharma, a 1985-batch IAS officer from Rajasthan, “for re-appointment for a period beyond July 31”, the order said. At present the NAA has three members — J C Chauhan, chairman, tax tribunal, Himachal Pradesh; and Indian Revenue Service officers R Bhagyadevi and Amand Shah. Good sand services tax, GST Notifications, GST Announcements, GST News, Gst mitra, GSTrate, GST Council,     

The  GST Council  meeting, which would have taken up the issue of slashing of tax rates for electric vehicles, was on Thursday rescheduled for Saturday. Union Finance Minister Nirmala Sitharaman, the chairman of the Council, was busy with the ongoing Parliament session, officials said. The meeting, which was to be held through a video conferencing, had a single agenda to boost production of electric vehicles (EVs). The agenda included reduction in GST rate from 12 per cent to 5 per cent for electric vehicles and from 18 per cent to 12 per cent for their chargers. It was also to discuss GST exemption on hiring electric buses. All state finance ministers and officials were logged in for 15 minutes for the meeting at 3 pm before being informed of further delay and a possibility of deferment. In fact, a few finance ministers, mostly from Opposition-ruled states, questioned the urgency to call a meeting for a single point agenda. “What was the urgency to call a Council meeting for a

In an order that will offer some succour to exporters, the Gujarat High Court directed the Department of Revenue, Ministry of Finance to pay interest to a party at the rate of 9% per annum for delay in granting refund under the  Integrated Goods and Services Tax (IGST) Act. The petitioner, M/S Saraf Natural Stone, had approached the High Court seeking compensation and interest for the substantial delay in making payment of the refund of Integrated Tax paid on the export of goods. Good sand services tax, GST Notifications, GST Announcements, GST News, Gst mitra, GSTrate, GST Council,