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  • 30 Nov 2023
#gstnews #gst #news #ahmedabad #gstcompliance #incometax

RERA 2.0 portal ensures compliance with GST, income tax regulations

Ahmedabad: The Gujarat Real Estate Regulatory Authority (GujRERA) has unveiled a new portal designed to align with the provisions of the RERA Act and GujRERA rules. The platform also ensures that the Income Tax and GST departments receive accurate information about the project stage.

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  • 30 Nov 2023
#gstnews #gst #news #appeal #gstamnesty #gstportal

Mechanism to file appeals under GST amnesty scheme now available on GST portal

The Finance Ministry has come out with a detailed procedure for filing an appeal under the amnesty scheme for GST assesses. Officials expect that this scheme will facilitate a large number of taxpayers who could not file appeals in the past within the specified time period.

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  • 30 Nov 2023
#gstnews #gst #news #fpi

Lenders Ask Government To Take FPI Custody Services Out of GST

Foreign lenders are urging government intervention to exempt custodian services from the Goods and Services Tax (GST), according to sources familiar with the matter. Custodian services, provided to overseas institutional and portfolio investors, are at the center of this request.

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  • 30 Nov 2023
#gstnews #gst #news #kerala #revocation

Kerala GST Dept. issued Order for filing of application for revocation of cancellation of GST reg.

The Kerala GST Department issued Order No. SGST/6199/2023-PLC1 dated November 03, 2023, authorizing Joint Commissioners of State Tax in the Taxpayer Services District to exercise powers under the proviso to sub-rule (1) of rule 23 of the Kerala Goods and Services Tax Rules, 2017 (“the KGST Act”). This pertains to Notification S.R.O. No. 1062/2023, dated September 30, 2023.

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  • 29 Nov 2023
#gstnews #gst #news #delhigst #circular #din

Delhi GST Department issued Circular related to DIN

Generation and quoting of Document Identification Number (DIN/Reference Number (RFN) on any communication issued by the officers of the Delhi Goods and Services Tax Department to tax payers and other persons concerned.

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  • 29 Nov 2023
#gstnews #gst #news #advisory #amnestyscheme #appeal #orderpassed

GSTN Advisory related to the amnesty who missed the appeal filing deadline for the orders passed

The GSTN issued an Advisory No. 612 dated November 28, 2023 for the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline for the orders passed on or before March 31, 2023.

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  • 29 Nov 2023
#gstnews #gst #news #aar #ruling

AAR under GST plagued by conflicting rulings, quality of orders

The mechanism of Authority for Advance Ruling (AAR) was set up under the goods and services tax (GST) to provide tax clarity to companies and other assesses. However, conflicting rulings by the state-level AARs in some cases and the state-specific jurisdiction of these orders have not made them an effective way to address the queries of assessees.

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  • 29 Nov 2023
#gstnews #gst #news #financeminister #nirmalasitharaman

Finance Minister Sitharaman Reassures Global Firms Of Certainty in GST Regime

Finance Minister Nirmala Sitharaman assured on Monday that the GST regime is transitioning from ambiguity to clarity on certain matters, addressing global firms’ anxieties regarding ‘tax certainty’ in the face of ongoing tax demand notices and investigations by revenue authorities.

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  • 29 Nov 2023
#gstnews #gst #news #punjab #gstcompensation

Punjab govt gets Rs 3,670 cr of GST compensation after it lodged new claim

Punjab Finance Minister Harpal Singh Cheema on Tuesday informed the House that the state government has received Rs 3,670 crore of Goods and Services Tax (GST) compensation from the Centre after it lodged a new claim of Rs 5,005 crore with it.

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  • 29 Nov 2023
#gstnews #gst #news #gstsimplified #process #ecommerce #eco #travelindustries

Govt looking at simplified GST processes for e-commerce, travel industries to ease compliance

The central government is working on a simplified Goods and Services Tax (GST) regime for services industries, including e-commerce and travel, which may not have physical offices in the states they operate.

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  • 28 Nov 2023
#gstnews #gst #news #gstparity #restaurant #hotel

Hotels push for GST parity with standalone restaurants

Hotel operators, especially those in the mid-market and upscale segments, are confronting a challenge that threatens to steer diners away to standalone restaurants: an uneven goods and services tax (GST) structure.

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  • 28 Nov 2023
#gstnews #gst #news #cybersecurity #financeministery #digitalfraud #curb

Finance Ministry, other stakeholders to meet on curbing digital frauds, cybersecurity

After the fallout of the recent case at public-sector lender UCO Bank involving erroneous money transfers, the Finance Ministry has called for a meeting on Tuesday (November 28) to discuss digital payment frauds, financial crimes and cybersecurity measures required to counter these activities.

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  • 28 Nov 2023
#gstnews #gst #news #upi #fraud #curb #over2000

To curb fraud, 4-hour delay likely in first UPI transfer over Rs 2,000

To curb rising instances of online payment frauds, the government is planning to introduce a minimum time for a transaction beyond a particular amount happening for the first time between two persons. The plan likely includes a possible four-hour window for the first transaction between two users for digital payments being processed for all transactions likely above Rs 2,000, government officials told The Indian Express.

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  • 28 Nov 2023
#gstnews #gst #news #kerala #sop #nclt

Kerala GST Department issued SOP for the IBC cases before National Company Law Tribunal (NCLT)

The Kerala GST Department issued Standard Operating Procedure (“SOP”) vide SGST/973/2023-LEGAL3 dated November 21, 2023, for the Insolvency and Bankruptcy Code (IBC), 2016 cases before the National Company Law Tribunal (“NCLT”).

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  • 28 Nov 2023
#gstnews #gst #news #pregstreturn

Finance Ministry aims to roll out pre-filled GST return form before next fiscal says Official

The finance ministry is aiming to roll out pre-filled goods and services tax (GST) return forms before the next fiscal year, which is expected to resolve the issue of huge data mismatches leading to tax notices, a senior government official said.

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  • 27 Nov 2023
#gstnews #gst #news #nacin #nadt #mou

NACIN and NADT sign a MoU for sharing of resources

The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) and the National Academy of Direct Taxes (NADT) today i.e. November 24, 2023 signed a Memorandum of Understanding (MoU) for sharing resources, such as best practices, expert faculty, training materials and innovative technologies.

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  • 27 Nov 2023
#gstnews #gst #news #shimla #gstregistration

Himachal Pradesh to verify ‘dicey’ GST registrations

In order to check the entry of fraudsters in the system, the State Taxes & Excise Department has set a target of hundred per cent approval of GST registrations in manual mode after proper verification of documents attached with the registration application. Further, the department is taking appropriate measures for physical verifications of registrants considered ‘dicey.’

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  • 27 Nov 2023
#gstnews #gst #news #kerala #department #retailsector

KVVES demands separate department for retail sector

The Kerala Vyapari Vyavasayi Ekopana Samithi (KVVES) has demanded a separate department for retail trade in the State to enrich the sector, to protect existing jobs and to create new ones.

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  • 27 Nov 2023
#gstnews #gst #news #onetimesettlement #haryana

One-time settlement plan for traders in Haryana

The Haryana Government is hoping to partly recover outstanding dues of nearly Rs 30,000 crore from traders by offering a one-time settlement (OTS) scheme for the resolution of pending VAT cases from the pre-GST era.

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  • 27 Nov 2023
#gstnews #gst #newx #statetax #excisedepartment #gstrevenue

State Taxes and Excise Department takes new initiatives for GST revenue enhancement in HP

The state government has taken several ambitious steps to ensure financial discipline with a motive for improving the economic health of the state. Many new initiatives have been taken in every sector, to curb the wasteful expenditure.

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  • 27 Nov 2023
#gstnews #gst #news #taxshare #state

A 30% jump in states’ tax share, yet transfers slow

The 16th Finance Commission will have a tough task, primarily because the mismatch between the resource mobilisation by the Centre and state governments and the rising requirements of spending of public monies on socio-economic development and critical infrastructure creation refuses to go away.

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