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BUDGET 2020: Expectations vs Reality

Taxscan Team

Here are a few predictions that did rounds before the presentation of the Union Budget 2020. We examine how these predictions have turned into actual...

Subscription and Admission Fees to Rotary Club not liable to GST: AAAR [Read Order]

Budget 2020 proposes availment of ITC through Fake Invoice as a Non-Bailable Offence

M Ajith Kumar IRS appointed as new CBIC Chairman [Read Notification]

16 Proposed amendments to CGST in Union Budget 2020

Budget 2020: Key Takeaways of Indirect Tax Proposals

In a Union Budget 2020 presented today, the Union Finance Minister Smt. Nirmala Sitharaman has proposed the various Indirect Tax Proposals. GST: Cash reward system envisaged incentivizing...

Budget 2020: Simplified GST Return from 1st April, Govt proposes QR Code in Customer Invoices

In a Union Budget 2020 presented today has proposed the Dynamic QR Code for Consumer GST Invoices. A simplified GST return will be implemented from the 1st April, 2020. While presenting the Union...

1,10,828 crore GST Gross Revenue collected for January

The gross GST revenue collected in the month of January 2020 is ₹ 1,10,828 crore of which CGST is ₹ 20,944 crore, SGST is ₹ 28,224 crore, IGST is ₹ 53,013 crore (including ₹ 23,481 crores collected on...

Breaking: CBIC extends of due date of filing GSTR-9 and GSTR-9C

The Central Board of Indirect Taxes and Customs ( CBIC ) has extended the Due Date for furnishing GST Annual Return and Reconciliation Statement (GSTR-9 / 9A and GSTR-9C) for FY 2017-18. The CBIC...

18% GST is applicable for Fried Fryums: AAR [Read Order]

The Authority for Advance Ruling (AAR) held that 18% of Goods and Service Tax (GST) is applicable for Fried Fryums. The Applicant is a partnership firm having two Partners engaged in the...

GSTN glitches: Finance Ministry summons Infosys Executives

The Ministry of Finance has reportedly summoned the Infosys executives for over the Goods and Services Tax Network (GSTN) glitches. Senior executives of Infosys has been summoned following continued...

GST Tribunal to deal with matters relating to Interest also: Punjab & Haryana HC [Read Judgment]

The Punjab and Haryana High Court has clarified that Goods and Service Tax Tribunal (GST Tribunal) will handle all disputes regarding interest on GST and their appeal. The petitioner (Bhagat Cars Pvt...

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