There might have been chances when you came across instances of the Directorate General of GST Intelligence (DGGI), issuing notices and alleging tax evasion. You might have questioned yourself what this organization is all about. In what way does it operate? In what way does the same discover the instances of tax evasion? The operations […] The post All About DGGI and Its Role in Preventing GST Evasion first appeared on SAG Infotech Official Tax Blog ..read more

In this article, SAG Infotech has added the benefits and critical challenges that taxpayers may encounter while re-filing their GSTR 3B form. This form is used for reporting monthly sales and purchases to the government. The GST department has sent an advisory to the particular taxpayers for the first opportunity provided to rectify the errors […] The post Benefits & Challenges of Revised GSTR 3B for Re-filing first appeared on SAG Infotech Official Tax Blog ..read more

It is important to buy a house and is a long-term investment of money. This article gives information on different GST rates and how they apply when buying flats that are either under construction or ready to use. In these transactions, GST needs to be acknowledged. Knowing whether or not GST is applicable will affect […] The post GST Rates on Under-Construction & Ready-to-Use Flat first appeared on SAG Infotech Official Tax Blog ..read more

The past six years have seen more than 1,000 notifications, circulars, and instructions for assesses and adjudicating authorities, therefore opening up the GST law to interpretation by assesses and authorities identical. The same interpretation has furnished an increase to the rising case laws across different judiciaries and writ petitions being filed to various High Courts […] The post Needful Action to Do Regarding GST Before 31st Mar 2024 first appeared on SAG Infotech Official Tax Blog ..read more

Section 50 of The CGST Act was revised to furnish that there would be no interest obligation on late filing of GSTR-3B to the extent of the balance in The Electronic Credit Ledger, the Courts in the following and other cases ruled that interest was subjected to be paid even after there was balance in […] The post Late GSTR 3B Filing: No Interest Liability If ECL Balance first appeared on SAG Infotech Official Tax Blog ..read more

Goods and Services Tax (GST) is a consumption tax charged on the footwear sale. The tax applies to each phase of the supply chain from manufacturing to retail. The major goal for applying the GST rate on footwear is to ease the process of tax, remove the cascading taxes, and build a clear and consistent […] The post GST Rates and HSN Codes on Footwear (Rubber & Plastics) first appeared on SAG Infotech Official Tax Blog ..read more

Understanding the impact of the Goods and Services Tax (GST) on personal loans can be somewhat complex. Whether you’re considering seeing a loan or repaying one, having knowledge of GST is crucial for your financial goals. familiarize yourself with how GST affects personal loans so that you can make informed decisions. How GST Impacts Personal […] The post Easy to Understand GST Impact on Personal Loans in India first appeared on SAG Infotech Official Tax Blog ..read more

Till after the 2024 general elections’ major announcements may be held. The forthcoming interim union budget shows the chance to address the lingering subjects and set the phase for the coming economic growth. This budget seems to prioritize fiscal discipline and prevent populist measures. In the domain of the personal income tax, there is optimism […] The post All Expectations in Interim Budget 2024 for GST and Tax first appeared on SAG Infotech Official Tax Blog ..read more

Overview of TCS Refund Under GST The Goods and Services Tax (GST) system in India has undergone several revisions aimed at simplifying taxation and fostering economic growth. One notable change that has garnered considerable attention, particularly in the e-commerce sector, is the implementation of the Tax Collection at Source (TCS) provision. This article explores the […] The post Easy to Understand TCS Refund Concept Under GST Regime first appeared on SAG Infotech Official Tax Blog ..read more

Verifying the legitimacy of issued Show Cause Notices and Orders under GST holds utmost importance within the sphere of tax compliance. This article explores the importance of closely examining these documents, bringing attention to essential aspects of the CGST Act, 2017: What is the Need to Verify the Served Show Cause Notice and Order Validity […] The post Validity of served Show Cause Notices and Orders under GST first appeared on SAG Infotech Official Tax Blog ..read more