Blogs & Articles

GST taxpayers who do not furnish bank account details to GST authorities will be barred from filing outward supply return GSTR-1 from September 1, GST Network (GSTN) has said in an advisory.

GST investigation arm DGGI has suggested reciprocal arrangements with foreign governments for information sharing and enforcement measures as well as blocking of websites to prevent tax evasion in OIDAR services like e-gaming, online education and advertisement. The move has been necessitated as it has come to DGGI’s notice that there are entities, including online casinos that are based out of tax havens and also those which operate through offshore VPNs and cloud-based platforms. These entities are non-cooperative and appear to intentionally avoid tax compliance, and hence an information exchange with global law enforcement agencies would help crack down on any evasion.

New Delhi: What’s the difference between a roti and a paratha? Is yogurt different from curd? Are papad and fryums really all that different? No, these aren’t off-brand philosophy questions, but rather all-too-real vexatious tax issues under India’s Goods and Services Tax (GST) regime. The issue of GST on food items made headlines, again, following an interaction last week between Union Finance Minister Nirmala Sitharaman and stakeholders in Coimbatore. During the interaction, the owner of a restaurant chain appealed to her to look into diverse GST rates applied on different food items that can often appear on the same bill.

The Group of Ministers (GoM) on Goods and Services Tax (GST) rate rationalization is likely to push for phasing out the 12 percent tax slab by gradually shifting items to either the 5 percent or 18 percent slabs to simplify the tax framework and ease compliance for businesses, people familiar with the development said.