Reading Time: 3 minutes INTEREST CALCULATOR IN GSTR3B, To facilitate taxpayers in doing self-assessment, the new functionality of interest calculator is being released in GSTR-3B. This functionality will assist taxpayers in calculating the interest applicable for delayed filing of returns. Taxpayers will have to verify and discharge the correct interest liability as per law, as payment of interest is
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Reading Time: 2 minutes Mandatory Aadhaar Authentication, CBIC has made mandatory Aadhaar authentication for registered person as a measure to check anti-evasion and gaps, the CBIC has made Aadhaar authentication mandatory for the purposes of registration and claiming of refund. It has further notified that GST refunds shall be disbursed only in bank accounts which have been linked with the same
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Reading Time: 2 minutes Arrest under GST, Father Son arrested in case of fraudulent issuance of GST invoices, Central Tax, GST Delhi East Commissionerate arrested a Shahdara based father son-duo on 22.05.2018 in case of fraudulent issuance of Input Tax Credit invoices involving evasion of approximately Rs. 28 Crores relating to the Copper industry. As per Section 132 of the
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