Skip to main content

GSTN under the scrutiny for tax evasion, says CBEC

GSTN under the scrutiny for tax evasion, says CBEC


The Goods and Services Tax Network – a privately held firm that is tasked with building the IT infrastructure required for the country to transition to GST – is now under scrutiny from the service tax department of CBEC. The CEO of GSTN received a summons asking them to appear in person or through a representative on 22nd February, along with income tax return forms, balance sheets, and other documentation. The summons also asked for receipts of funds given to GSTN by the Center and the payments made to Infosys for the development of tax-related software.

GSTN refutes claims of summons

Getting GST-ready before July 1

  1. Get your enrollment done on time. To read more about the enrollment process and its relevance, Click here.
  2. Plan your logistics and warehousing requirement carefully. To read our detailed guide on impact analysis on logistics and warehousing, Click here.
  3. Adopt such platforms, technologies which will enable your business to be GST-compliant. Click here to get all updates and access a pool of GST Calculators.
Labels:
Location: Nandanam, TC-11/415-3, Navodaya Gardens,Nalanchira(po),, Nalanchira Rd, Parottukonam, Thiruvananthapuram, Thiruvananthapuram, Kerala 695015, India

Comments

Post a Comment

Popular posts from this blog

How GST will impact the wallet of the common man

How GST will impact the wallet of the common man Since the passing of the GST Constitutional Bill by the Rajya Sabha in August last year, the country has been preparing itself for the new tax regime. The new GST law is India’s biggest tax reform initiative which is expected to improve compliance levels, increase government revenue, and create a common playing field for the businesses by amalgamating a host of central and local taxes. On the face of it, GST seems to be a mixed bag with some of the necessities becoming cheaper, while the others might get more expensive. While in the longer run the Goods and Service Tax might have a favorable effect on most of the sectors of the economy, in the short run, as with the most of the reforms, the benefits seem to be limited. Based on the experience of GST implementation in other countries, India could observe an inflationary impact at the onset of the reform, which might fade away once the legislation sinks in. Things that might g...
Post a Comment
Read more

From GST to Bitcoin, What People in India Googled the Most in 2017

From GST to Bitcoin, What People in India Googled the Most in 2017 Everyone familiar with the World Wide Web falls back on Google to know the answer to – “what is”. In 2017, internet users in India took to Google to ask ‘what is’ on a varied range of topics – from the Goods and Services Tax (GST), a new indirect tax regime introduced in July this year, to Bitcoin, a digital currency that has been around for almost a decade now, but surged in value exponentially this year. Here are the five most searched ‘what is’ questions of 2017 – and quick Google searched answers for them. 1. What is GST? GST is a single tax on the supply of goods and services, from the manufacturer to the consumer. (Photo: Abhilash Mallick/ The Quint ) GST is a single indirect tax that replaced India’s old system of multiple indirect taxes in July this year – making way for a pan-India, comprehensive system. Also Read:  9 Basic Questions About GST You Should Know the A...
Post a Comment
Read more

Relaxation in Return filling Procedure under GST

Relaxation in Return filling Procedure under GST The GST Council in its meeting held on 18th June, 2017 has allowed relaxation in the return filling procedure for the first 2 months viz. July and Aug, 2017. An easy and simple Form GSTR 3B has introduced to be filled by 20th of next month and further time has been allowed for filling GSTR 1 & GSTR 2. The detail Press Release is attached below:- The post  Relaxation in Return filling Procedure under GST  appeared first on  RITUL PATWA & CO, Chartered Accountants .
Post a Comment
Read more