Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
GST - Goods and Services Tax »
Open DEMAT Account in 24 hrs
 5 years of GST: Why the indirect tax regime may not see big-bang reforms
 Highest tax slab on online gaming may stunt growth
  Infosys directed to fix glitches on income tax e-filing portal
 Infosys directed to fix glitches on income tax e-filing portal
 GST Filing Deadline Extended After Portal Glitch; Know New Date to File Form GSTR-3B
 GST ITC Fraud: Delhi HC holds Debiting through Electronic ITC Ledger is valid Deposit to Fulfill Bail Condition
  95 LPA Opening General Manager Finance. Pref. from Ecommerce
 Finance Ministers faces queries from students on GST, Income Tax relief to defence personnel
 Coming soon, a structural revamp of GST
  The Top Five GST Changes Budget 2022
 CAIT urges Centre to exempt GST registration for e-commerce sales

Central and State officials discussimplementation of GST Acts
July, 30th 2021

Senior officials of the Revenue Department of Andhra Pradesh, led by its Special Chief Secretary Rajat Bharagava, and Central and State GST officials discussed the strategy to be adopted for effective implementation of the GST Acts, at the State Tax Chief Commissionerate here on Thursday.

The participants stressed the need for close coordination between the Centre and the State tax departments in sharing the data on outward and inward supplies as well as the returns furnished by the taxpayers every month.

They insisted that information collected through market intelligence should be collated and shared. Besides, orders passed by the officers of the Central and State government departments on contentious issues had to be shared seamlessly so that the officers could present strong arguments in courts if the taxpayers take legal recourse.

It was observed that unlawful or bogus claims of input tax credit with fictitious invoices had been a major source of revenue leakage under the GST Acts. The officers said it was also necessary to closely monitor those defaultIng in filing returns and on the collection of tax arrears.

The meeting took various decisions on the modalities of sharing the data, intelligence, orders, joint investigations and periodic analysis of different sectors.

 

Principal Chief Commissioner (Customs & Excise, Visakhapatnam Zone) P. Naresh, Chief Commissioner of State Tax Peeyush Kumar, Principal Commissioner at Central Board of Indirect Taxes (Guntur/Vizag Commissionerate) S. Faheem Ahmed, Special Commissioner of State Taxes Sadhu Narasimha Reddy and others were present.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2022 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting