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Tax dept to share ITR data with GSTN to detect tax evasion by business persons Soon, the income tax department will be sharing the tax return data of business persons with the Goods and Services Tax Network (GSTN) officer. The move is aimed at spotting income anomalies or mismatches between their GST returns and income Read More

Buyer ITC based on Seller’s Compliance – Fair Deal? SME businesses operate on a very low margin with limited working capital. Major portion of their procurement will have GST component. Uncertainty of the input tax credit would impact them most. They should get the eligible credit on all genuine transactions (once suppliers upload and buyers Read More

4 Upcoming E-way Bill Changes You Should Know About A few days back, the GST Council deliberated on some much-needed changes in the GST e-way bill. In this blog, we will present to you these 4 upcoming e way bill changes, which you should definitely know in order to have a seamless e-way bill experience. Read More

The 34th GST Council Meeting was held on the 19th of March 2019. The GST Council primarily discussed the operational details for implementation of the recommendations made at the 33rd meeting for the lower effective GST rate applicable for real estate. In this blog, we will detail out the decisions taken by the GST Council at the 34th meeting. Read More

The GST Council met for the 33rd time on the 24th of February 2019. The 33rd GST Council meeting saw some crucial decisions being taken for the real estate sector, which we will summarise for you in this blog. Decisions taken during the 33rd GST Council Meeting In the last GST Council meeting, it was decided to take some key Read More