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Form GSTR-9 – Annual Return & Its Auditing

Part / Table wise Reporting in Annual Return This form was divided in to 6 Parts and tax payers were expected to report the whole year activities into 19 tables. Sr. No. Details required to be filled Part-I Basic Details Part-II Details of Outward and Inward supplies (RCM) declared during the F.Y. Part-III Details of

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Excise Officers Among Six Arrested in GST Evasion Racket in Punjab

Punjab Vigilance Department on Friday claimed it has unearthed a massive tax evasion and drugs smuggling racket where a number of officers of the State Excise and Taxation Department were allegedly taking monthly bribes from businessmen and transporters for transporting goods in and out of Punjab without paying the Goods and Services Tax (GST). DGP

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Businesses registering under GST can opt for Aadhaar authentication

Notification No. 62/2020 Dated 20.08.2020 Businesses registering under GST can opt for Aadhaar authentication, in absence of which registration would be granted only after physical verification of the place of business. In a notification, the Central Board of Indirect Taxes and Customs (CBIC) said when an applicant for GST registration opts for authentication of Aadhaar

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Aadhar Authentication in GST Registration

Aadhaar Authenticatiobn process has been introduced Persons applying for GST registration as Normal Taxpayer/ Composition/ Casual Taxable Person/ Input Service Distributor (ISD)/ SEZ Developer/ SEZ Unit etc, in Form GST REG 01 (refer Notification No 62/2020-CT dt 20.08.2020 ). Under this, Individuals, Authorised signatory of all types of businesses, Managing and Authorised partners of a partnership

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Glitch in GST Portal Fixed, Taxpayers Can File for Refunds

Ludhiana: A day after TOI reported how assessees and tax professionals were unable to access the GST data for the month of July 2017 due to a glitch in the GST portal, the Goods and Services Tax Network (GSTN) has resolved the issue. Delay in accessing data could have delayed the process of filing applications

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GST on Supply even without any consideration

GST is payable even if supply is made without any consideration mentioned in Schedule-1 Para 1 :Permanent Transfer/Disposal of Business Assets on which ITC is availed.    This clause covers transfer of business assets from HC to SC for nil consideration Note: Permanent transfer/disposal of following business assets will not be deemed as supply:

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