CBIC issues instructions for initiating early GST recovery
New Delhi: The CBIC has said the Principal Commissioner or commissioner level officers can issue directions to recover GST dues before the stipulated
Source: thenorthlines.com
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Telcos need to pay GST with spectrum charges
India Business News: Telecom companies to pay GST with spectrum charges in instalments at DoT's auction. Various bands included. Base price set at Rs 96,317 crore.
Source: indiatimes.com
Central & state GST officials to conduct joint audits of firms
As per industry estimates, there are about 11,000 such cases of dual investigation by both the central and state authorities or under litigation. Several central GST zonal heads have sent an internal communique to officials, asking them to invite state officials to join their ongoing audits for better coordination, said officials.
Source: indiatimes.com
Who profiteered the most from GST tweaks? CCI has clues
Since last May, CCI has issued around 44 orders on complaints of businesses allegedly pocketing the benefits of GST rate reduction or tax credits meant for consumers
Source: livemint.com
GST authorities issue notices over input tax credit discrepancies
GST authorities have issued notices to companies for discrepancies in input tax credit claims, prompting scrutiny of annual returns against monthly filings. Notices under Section 150 of the CGST Act demand explanations for "short reporting" of ITC. However, businesses argue that some notices lack verification, imposing undue compliance burdens. Despite this, officials maintain that mismatches cannot be overlooked.
Source: indiatimes.com