Indian Tax Solution
Fed up with the easy bail conditions in the oences relating to the Goods and Services Tax ( GST ), the Central Tax department is all set to approach the Delhi High Court against the trend of relaxation of bail conditions by the lower courts.
According to sources, the Delhi Commissioners will challenge bail granted to accused persons who were arrested for making fake invoices to get GST Benets. "There were two such cases where ACMM granted easy bail," sources said.
The one-year GST is still struggling to make good numbers. One of the major reasons for such low revenue is, no doubt, evasion. After a six-month relaxation period, the GST department started investigations to discover the revenue leakages and tax defaulters. However, it seems that the easy bail conditions now made the department unhappy. The deterrence eort is diluted.
Huge relief for manufacturers -No GST payments on advances received for supplying goods
On Wednesday, the Central Government spared businesses from paying GST on advance amounts they have received for goods which are to be supplied later in the future. The step was aimed to help clear the confusion over tax liabiliti ...