Enquiry Form Tracking GST Refund Application Status on the GST Portal and PFMS portal GSTN Advisory for Tracking GST Refund Application Status on the GST / PFMS portal. payment is made after validation of bank account mentioned in RFD-01 The functionality to track the status of refund...
Enquiry Form File FORM GST PMT 09, to transfer/shift the money available in Electronic Cash ledger, between various major and minor heads of GST The CBIC has recently introduced Form PMT-09 (i.e. a challan) for shifting wrongly paid Input Tax Credit. This enables a registered taxpayer to...
Enquiry Form Advisory on Opting-in for Composition Scheme for 2020-21 - Extension of Dates in view of COVID-19 pandemic This is notification for existing normal taxpayers who want to opt for Composition Scheme in Financial Year 2020-21. Due to COVID-19 Government has extended dates for opting for...
Enquiry Form No GST on full time Director’s Salary : AAR - Karnataka The controversy on whether remuneration paid to directors of a company is subject to the goods and services tax (GST) has been put to rest by a recent decision of the Authority for Advance...
Enquiry Form Over 1,200 Exporters Untraceable, Rs 350 Crore Fake IGST Refunds Saved More than 800 entities have been detected in the past five months while exporting overvalued merchandise of Rs 1,500 crore to claim fake IGST refunds. A recent analytics-driven probe into Goods and Services Tax...
Enquiry Form Centre Planning To Come Up With Lottery Scheme For GST Paying Customers The Ministry of Finance is planning to come up with a lottery scheme to lure customers to pay Goods and Services Tax (GST). This will be a step to improve compliance and check on...
Enquiry Form CBIC Extends Validity Of E-Way Bills Till May-31 E-way bill is produced by transporters and businessmen before a Goods and Services Tax (GST) inspector for moving goods worth over Rs 50,000 from one state to another.The Central Board of Indirect Taxes and Customs (CBIC) has...
Enquiry Form Impact of GST on Small and Medium Enterprises At present, the total tax collection in India is around 14.5 Lakh Crore, of which 34% is indirect tax. Indirect taxes include service tax, stump duty, customs duty, VAT, etc. It refers to the collection of tax...
Enquiry Form Alert to Taxpayers on fake messages on GST Refund The Central Board of Indirect Taxes and Customs (CBIC) and the Income Tax department have warned taxpayers not to fall prey to fake messages on GST Refunds by clicking on unverified links. Please do not click...
Enquiry Form Composition Scheme Composition Scheme is a simple and easy scheme under GST for taxpayers. Small taxpayers can get rid of tedious GST formalities and pay GST at a fixed rate of turnover. This scheme can be opted by any taxpayer whose turnover is less than Rs. 1.0 crore. Can I opt for the Composition Levy? You can...