As a taxpayer, you might experience apprehension regarding the suspension of your GST registration, prompting inquiries into the underlying causes of such action. It is imperative to note that any decision to suspend a registration is preceded by a valid rationale. Hence, maintaining a high...
The reverse charge mechanism (RCM) within the realm of GST has emerged as a transformative aspect of taxation. Departing from the conventional model where sellers manage tax obligations, RCM mandates buyers to assume responsibility for reporting and remitting taxes on specific goods and services. This...
Understanding the implications of Goods and Services Tax (GST) on Transfer of Development Rights (TDR) investments is crucial for individuals and businesses alike. Delving into the intricacies of GST on TDRs sheds light on its financial ramifications and aids in making informed investment decisions. This...
The implementation of Goods and Services Tax (GST) in 2017 marked a significant shift in India's economic landscape, particularly affecting the real estate sector and the sale of residential flats. In this article, we will delve into the intricate details of GST rates applicable to...
The implementation of the Goods and Services Tax (GST) has undoubtedly streamlined taxation processes, enhancing efficiency and transparency in financial transactions. However, alongside these improvements, there has been a surge in the proliferation of fake invoices within the GST system, posing a significant threat to...
The adoption of the Goods and Services Tax (GST) regime heralded a significant overhaul in the taxation landscape, simplifying the indirect taxation system by consolidating multiple taxes into a unified framework. Alongside these changes, businesses and individuals registered under GST are required to adhere to...
The Goods and Services Tax (GST) has brought significant changes to tax systems worldwide, including in India, aiming to streamline tax collection and increase transparency. At the heart of the GST framework lies the GST Network (GSTN), a technological infrastructure essential for administering GST. This...
The GST department has directed its officers across the country to roll up their sleeves to meet current year GST revenue target. The officers across all grades have been instructed to not take leaves until March 31 unless there is an emergency, sources told TNIE....
The Goods and Services Tax (GST) Council is expected to address co-insurance and re-insurance matters in its upcoming meeting following examination by the fitment committee, as per a senior government official. Instances of tax evasion have emerged in the insurance sector due to certain industry...
A Conclave on ‘GST and Globalization’ was organized by the Federation of Telangana Chambers of Commerce and Industry (FTCCI) in the city. During the event, the industry body urged the Chief Minister and the State Finance Minister to raise the threshold limit for GST registration...
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