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GST ComplianceGST HSN Code List for Kirana Store, Grocery, General Store
HSN code is mandatory in GST 1 New changes are there is GST every single day. Soon the CBIC is going to make it mandatory to mention the HSN code digits in GSTR1. There was an exemption for small taxpayers till now. But now it’s
Detection of availment and passing of fake ITC to the tune of Rs. 154 Crores by the issuance of fake invoices to the tune of Rs. 1101 Crores by 206 units sprawling all over India
To, Shree Vivek Johri Zonal Member Central Board of Indirect Taxes & Customs North Block, New Delhi. Respected Sir, Sub: CIU Intelligence Report: CIU/VZ/9/2020 dated 07.12.2020 – Detection of availment and passing of fake ITC to the tune of Rs. 154 Crores by the issuance
Shop Inspection & Follow-Up
Shop Inspection & Follow-Up The State GST authorities under TNCT Department have since been properly notified and jurisdictions defined for assessing authorities and for Intelligence (Enforcement) Wing and they are expected to enforce their duties of assessment and other duties vested under the GST Act.
Roll out of Investigation Module – Phase-1: CBIC
Advisory No. 11/2020 Sub: Roll out of Investigation Module – Phase-1 Directorate General of Systems and Data Management, Bengaluru Zonal Unit has been given the mandate of development of Investigation (Enforcement) sub-module under the Dispute Settlement and Resolution (DSR) module of ACES-GST application. Directorate General
Investigation Module – Phase – 1 – Advisory
Investigation Module – Phase – 1 – Advisory Part – A Advisory for ACL Admin Access to the Investigation sub-module is controlled by various permission sets. Investigation Admin is the head of the Investigation Team in a Commissionerate/DGGI Zone. Commissioner/ADG shall nominate Additional Commissioner or
Instruction No. 4/3/2020-GST
Instruction No. 4/3/2020-GST To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All) The Pr. Director General, DG (Systems) Madam/Sir, Sub: Standard Operating Procedure (SOP) for verification of taxpayers granted deemed registration – regarding With effect from 21.08.2020, rule 9 of the Central
GST ComplianceService of GST notice via email, Valid or not ?
Service of GST notice via email Service of notice is an important part of adjudication. The right of being heard can be ensured only by communicating the notice. There are various ways to serve a notice. It can be sent via mail to the registered
CA Shafaly GirdharwalQRMP Boon or Bane
QRMP Boon or Bane As a trade facilitation measure and in order to ease the process of doing business, the GST Council in its 42nd meeting held on 05.10.2020, had recommended that registered person having aggregate turnover up to five (5) crore rupees be allowed
CBIC Issued SOP For Physical Verification
CBIC Issued SOP For Physical Verification CBIC ASKS FOR PHYSICAL VERIFICATION OF PREMISES OF BUSINESSES WHICH HAVE BEEN GRANTED DEEMED GST REGISTRATION BETWEEN AUGUST 21-NOVEMBER 16 Recently, The CBIC vide Instruction (SOP) dated 27th November 2020 has asked field offices to carry out physical verification
Statutory Compliance Calendar for the Month of December 2020
Statutory Compliance Calendar for the Month of December 2020 S. No. Actual Date Extended Date Nature of Compliance Compliance Period Nature of Compliance in Detail 1 7-Dec-20 NA TCS/TDS Payment Nov-20 Due date of depositing TCS liabilities for the previous month 2 7-Dec-20 NA Equalisation Levy Payment Nov-20 Equalisation
Light!! Camera!! Action!! – Bad Debts Dichotomy
Light!! Camera!! Action!! – Bad Debts Dichotomy In this article, I have invoked the concept of “Light!! Camera!! Action !!” which is the catchy “call-phrase” used in the Entertainment Industry to get everyone ready before an action takes place. Here, the call for action is
List of Fake invoice issuer from July 2017 to March 2020, Total 9757 GSTIN have been detected
List of Fake credit issuer/availer for the period July’2017 to March’2020 along with source formation where the case was booked DGARM is required to do supply chain analysis and verify the ITC of risky exporters and their suppliers on receipt of positive reports from CGST