Review GST framework: PAC suggestion to finance ministry
The Public Accounts Committee (PAC) has recommended that the Union finance ministry undertake “a comprehensive review of the GST framework” to simplify the Goods and Services Tax regime ...
Parliamentary panel flags issues faced by MSMEs, exporters under GST; suggests easier compliance, fast tracking refunds
In its report presented to Parliament on Wednesday, the Committee also underlined the need for a dedicated fast-track refund ...
Cuts needed to fund UK tax hike, says Robison
The finance secretary says her government is facing a "major shortfall" after the chancellor's Spring Statement.
SC backs businesses' right to fix GST filing errors, asks CBIC to revise timelines
The Supreme Court has directed the CBITC to re-examine the GST filing correction timelines, emphasizing that clerical errors should be fixable to prevent undue burden on businesses. This ruling ...
GST 2.0 needed to streamline procedures, ease compliance through tiered approach: PAC
Parliament's Public Accounts Committee recommends streamlining GST compliance, refund processing, and documentation to ...
SC junks CBIC plea, says GST errors can be corrected even after deadline
The Supreme Court further emphasised that denying ITC due to human errors results in unfair double taxation, where businesses ...
Vertex Inc.: Vertex Commerce Study: Returnuary's Growing Complexity Forces Retailers to Keep Pace
Vertex Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a global provider of indirect tax technology solutions, reveals that while free, easy product ...
Supreme Court upholds buyers can correct clerical errors in GST filings without penalty, claim ITC
In a significant ruling that promises ease of compliance to taxpayers under the goods and services tax, the Supreme Court has ...
Govt declares Rs 5.91L-cr tax dues unrecoverable
New Delhi: About 47,674 direct tax defaulters, who owe over Rs5.91 lakh crore to the government have been declared ...
Supreme Court rules businesses can rectify tax errors without penalty
Supreme Court directs CBIC to re-examine tax return error provisions, reinforcing principle that buyers shouldn't be penalized for supplier errors.
Tax Guru20h
Increase In Limit For Tax Appeals By Department of Revenue
Government has raised the monetary limits for appeals filed by the Revenue Department in various appellate forums to reduce litigation. For direct taxes, the Central Board of Direct Taxes (CBDT) set ...