The government is finalising a major GST overhaul with automated refunds, pre-filled returns, and analytics-based scrutiny to simplify compliance and boost liquidity for MSMEs. Illustration:......
The CBIC has come out with guidelines on blocking of tax credit by GST field officers, saying that such blocking should be on the basis of 'material evidence' and not just out of 'suspicion'. The......
CAG recommended fixing a definite time frame for rolling out simplified GST return forms. Illustration: Dominic Xavier/Rediff.com The Comptroller and Auditor General (CAG) of India has found that......
Businesses with monthly turnover of over Rs 50 lakh will have to mandatorily pay at least 1 per cent of their GST liability in cash, the finance ministry said as it moved to curb evasion by fake......
Top firms get GST notices on credit claims on Friday; replies sought within hours. Goods and services tax officers sent notices to hundreds of companies across Gurugram, Mumbai and Bengaluru on......