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......
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......
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......
The instruction is that audit of large units be completed within seven working days, of medium units in five working days and of small ones in three. Illustration: Dominic Xavier/Rediff.com Amid a......