Officers under this Act The Government shall, by notification, appoint the following classes of officers for the purposes of this Act, namely:- (a) Principal Chief Commissioners of Central Tax or Principal Directors General of Central Tax, (b) Chief Commissioners of Central Tax or Directors General of Central Tax, (c) Principal Commissioners of Central […]
Short title, extent and commencement (1) This Act may be called the Central Goods and Services Tax Act, 2017. (2) It extends to the whole of India 1[****]2 (3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint: Provided that different dates may be appointed for
F. No. CBIC- 20006/15/2023-GST Government of India Ministry of Finance Department of Revenue Central Board Indirect Taxes & Customs, GST Policy Wing New Delhi, dated 14 th June, 2023 To, All the Principal Chief Commissioners / Chief Commissioners / Principal Commissioners /Commissioners of Central Tax All the Principal Directors General/ Directors General of Central Tax
Problem: Fake registrations and bogus invoices are causing revenue loss to the government. Fraudsters obtain fake GST registrations and issue invoices without any actual supply of goods or services, passing on fake input tax credit to recipients. Modus operandi: Fraudsters misuse the identities of others to obtain GST registration. They use forged documents like electricity
Introduction Are you a business owner involved in exporting goods or services? If so, you must be familiar with the complexities of Goods and Services Tax (GST) compliance. Among the various aspects of GST, the Letter of Undertaking (LUT) plays a significant role in facilitating exports. In this comprehensive guide, we will demystify the concept
Introduction If you’re a business owner registered under the Goods and Services Tax (GST) regime in India, you must have a GST registration certificate. This certificate serves as proof of registration under GST and contains important information such as your GSTIN (Goods and Services Tax Identification Number) and the date of registration. In the past,
Introduction If you are running a business that involves the transportation of goods, you may have come across the term “Eway bill.” An Eway bill is an electronic document that contains details about the goods being transported, the transporter, and the recipient. It is mandatory for businesses to generate Eway bills for any inter-state movement
Introduction: India’s Unprecedented GST Revenue Milestone Greetings, financial enthusiasts! CA Bhuvnesh Kumar Goyal here, a practicing Chartered Accountant and a fellow member of the Institute of Chartered Accountants of India. Today, I bring you exciting news on India’s record-breaking GST revenue. In April 2023, India achieved its highest ever GST revenue of over Rs 1,87,000
[To be published in the Gazette of India, Extraordinary,Part II,Section 3, Sub-section (ii)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No 92/2020-Central Tax New Delhi, the 22nd December, 2020 S.O. …… (E).— In exercise of the powers conferred by sub-section (2) of section 1 of
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