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Karnataka Taxmen Detect 60 GST Registrations Linked to Chinese National, Seal Off Warehouse in Bengaluru

Commissioner of Commercial Taxes MS Srikar, in a press note, said the officers noticed that one person from Wuhan City, China, got the premises in Benglauru on lease. They also found that about 60 registrations (both Centre and State jurisdictions) under the GST Act in the name of a number of persons for online trading

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‘Second Level Verification of New GST Registrants Welcome’

But Kerala GST Department needs to be cautious, says expert The move of the Goods and Services Tax Department, Kerala, to adopt second level verification of new GST registrants, as reported by BusinessLine, is an innocuous but significant move to plug tax evasion, says a public finance expert. It becomes all the more appealing given that

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Finance Minister measures for relief and credit support related to o businesses, especially MSMEs

Finance Minister announce measures for relief and credit support related to businesses, especially MSMEs to support Indian Economy’s fight against COVID-19 Rs 3 lakh crore Emergency Working Capital Facility for Businesses, including MSMEs Rs 20,000 crore Subordinate Debt for Stressed MSMEs Rs 50,000 crore equity infusion through MSME Fund of Funds New Definition of MSME

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PROCEDURE TO CLAIM REFUND SUBSEQUENT TO FAVOURABLE ORDER IN APPEAL OR ANY OTHER FORUM

Circular No. 111/30/2019 – GST dated 3rd October, 2019  As per rule 93 of the CGST Rules, 2017, where an appeal is filed against the rejection of a refund claim, re-crediting of the amount debited from the electronic credit ledger, if any, is not done till the appeal is finally rejected. Therefore, such rejected amount

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