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In India, most of us the educated and lucky are inclined to pay just taxes. However, the uneducated or the poor are unable to meet ends and would like to avoid taxes. Let us list out some of the common factors why GST is evaded by the industry/ trade:

1. Change management of the unorganised SME, revenue officers and IT literacy in a big way can make the advantages of being in the mainstream, ease of complying a reality. This has failed miserably. Maybe an outsourced service provider to...

KEY CHANGES IN GOODS AND SERVICES TAX ACT 2017

1. Insertion in the definition of Union Territory

– Section 2(114) of CGST Act 2017

The definition of Union Territory is amended to replace/include the UTs of Dadra and Nagar Haveli and Daman and Diu; and Ladakh. This amendment would be effective from a future notified date.

Our Comments: This amendment was made to give effect to making Ladakh a Union Territory with effect from 31.10.2019 and making Dadra and Nagar Haveli...

In recent years, the issue of Service Tax/GST liability on the Notice period recovery is a subject matter of dispute. While certain conservative employers have made a choice to pay service tax on such recoveries, certain employers have made bold choices of not paying taxes which were followed by the issuance of the demand notices/orders confirming the service tax demand by the Revenue department. The demands are agitated before various forums and very recently the...

The concept of self-assessment in tax administration was introduced in India with an expectation to usher in a new era of trust-based partnership with the assessees leading to greater facilitation of compliant assessees.

“Circular Trading”, “Fake Bill issue”, “enhanced bill” unfortunately are methods of tax evasion not new in India. Under GST bogus invoices are raised without any actual supply of goods or services or both in several stages culminating finally in no supply or...