Showing posts with label GST Registration. Show all posts
Showing posts with label GST Registration. Show all posts

Thursday

GST Registration in Delhi | Return, Search, Payment, Check, Documents, Process Online Law Portal, CA




GST Registration, Consultants in Delhi India | Return, Search, Payment, Check, Documents, Process Online Law Portal, CA


Companysetupindia is a prominent name of GST Registration and Return, Process of Filing Services in Delhi India offers several types of services such as New GST Registration and GST Return, Search, Payment, Cancellation, Documents, Limit, Status, Check, Notification, Help, Process, Procedure, Govt Fees, Online, Goods and Services Tax, Requirement, Register, Services, Site, News, Council, Rate, Law, Number, PAN, GSTIN, Format, Verify, Details, Income Tax, DSC, State Code, Annual, Free, Company Audits, SGST, CGST, IGST, Implementation, CA, Chartered Accountants, Charge, Indirect Tax, Invoice, File, Application, Certificate, Download, Eligibility, Expert Help, Accountancy, Due Date, Login, Name, Remittance, Refund, Articles, Outsource GST Compliance, Returns Under GST, Penalties, Types, Portal Services in Delhi India.
There are following Best GST Registration, Consultants Services in below lines:
1.       GST Registration
2.       Income Tax Return
3.       Process of Filing Services
4.       GST Returns
5.       GST Return Forms
6.       GST Registration Limit
7.       GST Registration Documents
8.       GST Consultancy Services
9.       GST Registration Procedure
10.   Digital Signature Certificate
11.   Trade Mark Registration
12.   Company Registration
13.   GST Registration Consultants
14.   Documents Required for GST
15.   GST Registration Process
16.   GST Return Filing
17.   GST Registration Fees
18.   Penalty for not doing GST Registration
19.   Eligibility Criteria for GST
20.   Online GST Registration
 Address: 220, 2nd Floor, Vats Market (Kajaria Showroom), Madhuban Chowk, Pitampura, Delhi India

Tuesday

GST Registration & Income Tax Return | Company Audit | TAN PAN

GST Registration & Income Tax Return
Companysetupindia is one of the leading online service providers of Income Tax Returns and GST consultancy and Company Audit Services in Delhi India. We provide reliable services at reasonable prices whole area of Delhi.
There are the following services in the below lines:
1. Income Tax Return
2. Company Audit
3. PAN & TAN,
4. Accounting & Book-Writing
5. Online GST Registration
6. Company Setup
7. Internal Audit
8. Company Incorporation
9. Compliance Audits
10. Business Registration
11. Foreign Direct Investment
12. Company Formation
13. Company Register
14. Company Opening
15. Transfer Pricing
16. New GST Registration
Contact Us | 216-318,2nd Floor, Vats Market, Madhuban Chowk, Pitampura, New Delhi-110034

Friday

GST Evasion Worth Rs 38,896 cr Detected During April-Oct

GST Evansion
The government has detected GST evasion worth Rs 38,896 crore in 6,585 cases in the April-October period of 2018-19, Parliament was informed Friday.

Minister of State for Finance Shiv Pratap Shukla said while central excise evasion of Rs 3,028.58 crore in 398 cases was unearthed during the seven-month period, service tax evasion of Rs 26,108.43 crore was detected in 3,922 cases.

Customs evasion was detected in 12,711 cases involving Rs 6,966.04 crore and Goods and Services Tax (GST) evasion worth Rs 38,895.97 crore was unearthed in 6,585 cases, he said in a written reply in the Lok Sabha.

The total amount of evasion in indirect taxes (GST, service tax, excise and customs) during April-October adds up to about Rs 75,000 crore.

During the seven-month period, the Central Board of Indirect Taxes and Customs (CBIC) recovered evasion worth Rs 9,480 crore in GST, Rs 3,188 crore in service tax, Rs 1,600.84 crore in customs and Rs 383.5 crore in central excise, Shukla said.


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Contact Us | Company Setup India | 316-317, Vats Market, Pitampura, New Delhi-110034 | T: +91-11-41117200, | M: 9953810054 | E: info@companysetupindia.com | W: www.companysetupindia.com

Tuesday

GST Roadmap To Be To Work Towards A Single Rate Between 12%, 18% | Arun Jaitley

GST Roadmap

Finance Minister Arun Jaitley said the country should look towards having slabs of zero, five percent and a standard rate for luxury and sin goods.

Highlights

  1. Government aims to simplify Goods and Services Tax Structure
  2. A single standard rate instead of two rates of 12%, 18% on the cards
  3. Government to also look at transferring cement into a lower GST Rate


The government is working towards a single national sales tax rate which could be a mid-point between 12% and 18%, Finance Minister Arun Jaitley said on Monday, in an effort to simplify the tax structure. The government set the range for the  Goods and Service Tax (GST) from 28 per cent to 5 percent on most items when the signature reform was introduced last year.

"Multiple slabs were fixed transiently in order to ensure the tax of no commodity goes up radically. This contained the inflation impact," Mr Jaitley wrote in his blog.

A future road map could well be to work towards a single standard rate instead of two standard rates of 12% and 18%. It could be a rate at some mid-point between the two."

He also said the country should look towards having slabs of zero, five per cent and a standard rate for luxury and sin goods (alcohol, drugs, cigarettes, etc.).
The government will also look at transferring cement into a lower tax slab as the next priority, he wrote.

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Contact Us | G. K. Sureka & Co. | 316-317, Vats Market, Pitampura, New Delhi-110034 | T: +91-11-41117200, M: +91-9953810054 | E: delhi@gksureka.com| W: www.gksureka.com | W: www.companysetupindia.com

Monday

GST Intelligence Unit Unearths Rs 2.2-Billion Fake Tax-Invoices Scam


The Directorate General of GST Intelligence (DGGI) has busted a racket of fraudulent companies engaged in raising fake tax invoices worth Rs 2.2 billion to avail input-tax credit. According to the DGGI, searches were conducted at several official as well as residential premises last Thursday in Chennai and Coimbatore in Tamil Nadu and busted the racket and arrested two persons. "Several incriminating documents, including copies of fake invoices, issued on the letter heads of several firms that existed merely on paper, were seized", an official release issued on Sunday by Additional Director General K Balaji Majumdar said.

The modus operandi was that several bogus companies and bank accounts were created using PAN and Aadhaar number of family members and employees, and complex transactions were made without the supply of goods, the release said. According to the documents seized, fake invoices covering goods worth more than Rs 2.2 billion were issued without supply of goods, it said.The officials seized chequebooks with pre-signed cheque leaves pertaining to 45 bank accounts, rubber stamps in the name of 30 companies and computer hard disks, the release said. Two persons have been arrested on Saturday and the DGGI provisionally attached bank accounts that were operated by the imposters, it said, adding that the arrested had been remanded to judicial custody.


The Business Standard, 24th December 2018

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Contact Us | G. K. Sureka & Co. | 316-317, Vats Market, Pitampura, New Delhi-110034 | T: +91-11-41117200, M: +91-9953810054 | E: delhi@gksureka.com| W: www.gksureka.com

Tuesday

Will Try to Get 99% Items in 18% Slab or Lower, says PM Narendra Modi

GST Registration Services

Prime Minister Narendra Modi said on Tuesday the government would make efforts to bring 99 per cent of items under the goods and services tax (GST) into the 18 per cent slab or lower. The next GST Council meeting is four days away.

“Only 0.5 to 1 per cent of the items — luxury goods such as aircraft, cigarettes, alcohol and SUVs — will be taxed at 28 per cent,” Modi said.

Currently, 39 items, or about 3 per cent, of about 1,280 items that draw the GST attract a levy of 28 per cent. If Modi’s announcement turns into reality, only up to 13 items would remain in the 28 per cent bracket, pushing goods such as two-wheelers, cars, cement, and computer screens into the 18 per cent slab.

However, this announcement has drawn severe criticism from finance ministers (FM) of Opposition-ruled states. Manpreet Badal, finance minister of Punjab, said that a suo motu announcement by the PM without the approval of the GST Council, a constitutional body, was unwarranted. “The PM should not make unilateral announcements like this… since even the agenda for the coming GST Council meeting is not yet finalised,” he said.

Badal Criticised the Union Government’s Frequent Changes to GST Law. 

The New GST Test

“This is a badly designed GST, difficult to fix. The Congress viewpoint is that if we come to power, we will bring in GST 2.0,” he added.

Experts have voiced a concern that rate cuts might not be the only solution to make the GST seamless. “Taxing nearly all items at less than or equal to 18 per cent will be challenging. Businesses also want simplicity of return filing and ease in claiming input-tax credit refunds,” said Archit Gupta, founder and chief executive officer of ClearTax.

M S Mani, Partner, Deloitte India, pointed out the reduction in revenue after cutting rates remained a concern. “The move would surely herald the movement to fewer rates in future, but then there might be headwinds in revenue collections. The overall collections would reduce in the short term, but lead to tax rationalisation on the one hand and fewer disputes on the other,” he said.

Kerala Finance Minister Thomas Isaac also voiced these concerns on Monday

Will make efforts to bring 99% things in sub-18% GST slab, says PM Modi Badal said the Union government should be patient and wait for issues arising out of GST implementation to stabilise. Modi, however, said the exact opposite.

“The GST as a system has stabilised and as a result, we are reaching a situation where 99 per cent of the items can be brought within the tax bracket of up to 18 per cent,” he said at the Mumbai event.

He added the number of registered enterprises rose from 6.6 million before GST roll-out to 12 million now, justifying the rate cut.

The November 2017 meeting of the GST Council — which preceded Gujarat assembly elections — had reduced the tax rate on items in the top slab. Eight months later, the July 2018 meeting chaired by the interim FM Piyush Goyalhad too generously pruned the 28 per cent slab.

Union Finance Minister Arun Jaitley Had Lauded the Move, Back Then. 

Multi-State GST, Input Tax Credit fraud worth Rs 2 billion detected “The GST Council within a record period of thirteen months has almost phased out the 28 percent category items remaining in this category are only luxury items or sin goods. It is only a matter of time that the final obituary of the ‘Congress Legacy Tax’ is written,” he had written in his blog.