CA Ankur Suhasaria | GST SIMPLIFIED

GST: Amnesty scheme likely for ‘nil’, non-filers

by CA Ankur Suhasaria | Dec 4, 2018 | GST Updates

The Goods and Services Tax (GST) Council may consider one-time amnesty scheme to facilitate exit for ‘nil’ filers and non-filers.“Approximately there are 25 lakh ‘nil’ filer assessees while on an average 10 per cent of assessees have never filed returns so far,” a...

Unfinished home GST hurts

by CA Ankur Suhasaria | Nov 26, 2018 | GST Updates

The goods and services tax (GST) on real estate projects under construction is squeezing the cash flow of realtors as many buyers are waiting for finished homes or opting for old ones to escape the tax, multiple stakeholders have told The Telegraph. Buyers of...

CA, two businessmen arrested for GST fraud

by CA Ankur Suhasaria | Sep 7, 2018 | GST Updates

The central GST authorities in Thane on Wednesday arrested two businessmen and a chartered accountant for allegedly floating fake companies and fraudulently claiming input tax credit on transactions of over Rs 60 crore. Input tax credit allows taxpayers to claim...

New releases on GST Portal, to make the portal User friendly

by CA Ankur Suhasaria | Jun 9, 2018 | GST Updates

Recent new releases on GST Portal, to make the GSTIN portal more User friendly, which are as follows: Category: Registrations Facility to apply for Revocation of cancellation of Registration has been enabled on GST Portal. This form will enable Tax payers whose...

GST has not spared village temples in Tamil Nadu

by CA Ankur Suhasaria | Apr 27, 2018 | GST Updates

It appears that GST has not spared even the village temples in Tamil Nadu, especially when it comes to utilising funds for renovation. Many village temples saw bright prospects in taking up renovation work when the fund was doubled from the earlier sum of Rs 50,000....