BOSE AND COUNSELS

15/08/2023

இனிய சுதந்திர தின நல்வாழ்த்துக்கள்! அக்கறையுடன் சுமந்து, பெருமை பூசி, அன்பில் தோய்த்து, மகிமையில் பறக்க, மகிழ்ச்சியின் நிழலில் சுதந்திரத்தின் தருணங்கள். இந்தியனாக இருப்பதில் பெருமை! 2023 இன் சுதந்திர தின வாழ்த்துகள்!

14/05/2023

𝐆𝐮𝐢𝐝𝐞𝐥𝐢𝐧𝐞𝐬 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐚𝐥 𝐀𝐥𝐥-𝐈𝐧𝐝𝐢𝐚 𝐃𝐫𝐢𝐯𝐞 𝐚𝐠𝐚𝐢𝐧𝐬𝐭 𝐟𝐚𝐤𝐞 𝐫𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧𝐬

The Central Board of Indirect Taxes and Customs (GST Policy Wing) had issued Instruction No. 01/2023-GST dated May 4, 2023, regarding Guidelines for Special All-India Drive against fake registrations– regarding.

Highlights
A nation-wide effort in the form of a Special Drive should be launched on All-India basis to detect such suspicious/ fake registrations and to conduct requisite verification for timely remedial action to prevent any further revenue loss to the Government.
It was decided that common guidelines may be issued to ensure uniformity in the action by the field formations and for effective coordination and monitoring of the action taken during this Special Drive.
Following guidelines are issued for such concerted action on fake dealers/ fake billers in a mission mode:
Period of Special Drive: 16th May 2023 to 15th July 2023.
Identification of fraudulent GSTINs: Based on detailed data analytics and risk parameters, GSTN will identify such fraudulent GSTINs for State and Central Tax authorities. GSTN will share the details of such identified suspicious GSTINs, jurisdiction wise, with the concerned State/ Central Tax administration for initiating verification drive.
Information Sharing Mechanism: Successful implementation of the Special Drive would require close coordination amongst the State Tax administrations, and between State and Central tax administrations. For this purpose, a nodal officer shall be appointed immediately by each of the Zonal CGST Zone and State to ensure a seamless flow of data and for coordination.
Action to be taken by field formations: On receipt of data from GSTN/DGARM through the Nodal Officer, a time-bound exercise of verification of the suspicious GSTINs shall be undertaken by the concerned jurisdictional tax officers. If, after detailed verification, it is found that the taxpayer is non-existent and fictitious, then the tax officer may immediately initiate action for suspension and cancellation of the registration of the said taxpayer in accordance with the provisions of section 29 of CGST Act, read with the rules thereof.
Additionally, the details of the recipients to whom the input tax credit has been passed by such non-existing taxpayer may be identified through the details furnished in FORM GSTR-1 by the said taxpayer. Suitable action may be initiated for demand and recovery of the input tax credit wrongly availed by such recipient on the basis of invoice issued by the said non-existing supplier.

14/04/2023

அனைவருக்கும் இனிய தமிழ் புத்தாண்டு நல்வாழ்த்துகள் 😊

13/12/2022

Improved Communication
Increased Productivity
Reduced Stress
Improved Decision Making

01/01/2021

30/12/2020

It has come to our notice that users are experiencing some difficulty in receipt of Aadhaar based OTP for the purpose of e-verification of ITRs filed. This issue has been taken up with the authorities concerned. However, it is reiterated that, while filing of ITR is to be done within the stipulated period, the e-verification of ITR filed can/may be done with Aadhaar OTP or other options within 120 days from the date of filing of the ITR

07/12/2020

Bring a unique perspective to business

02/12/2020

Given the risks of an expensive audit, paying strict attention to the rules is the only smart decision you can make.

18/11/2020

NextGen Tally Software is TallyPrime is ready now.