The objective of GST Audit is to ensure and promote the correctness of turnover declared, taxes paid, refund claimed & input tax credit availed, and to assess the compliance of Registered Taxpayers (RTP) with the provisions o
Oil and gas stocks were in focus on Friday after Prime Minister Narendra Modi said that the government is committed to bring natural gas Goods and Services Tax (GST).
In case the intimation for suspension and notice for cancellation of registration is issued on ground of non-filing of returns, the said person may file all the due returns and submit the response, the SOP added.
Union Budget 2021: After being battered by the Covid-19 induced lockdowns and shutdowns, Union Budget 2021 was largely expected to reaffirm the Government’s commitment to the economy and signal an era of recovery.
The manufacturing Purchasing Managers’ Index (PMI) rose from 56.4 in December to 57.7 in January -- the strongest improvement seen by the sector in the last three months.
GST collections, which directly reflect the state of economic activity, had plummeted to a record low of Rs 32,172 crore in April 2020, after the government imposed a nationwide lockdown to curb the spread of coronavirus.
Union Budget 2021 expectations: Any further reduction in GST rates at this juncture, needs to be weighed keeping in perspective the fiscal deficit of the government which at Rs.10,75,507 crore
Out of this, an amount of Rs 5,516.60 crore has been released to 23 states and an amount of Rs 483.40 crore has been released to the three Union Territories (UT) with Legislative Assembly (Delhi, Jammu & Kashmir & Puducherry)