Economies across the world have been struggling with tax frauds as long as the taxes have existed. It is a two headed-snake. Because of the non-compliance of a few, honest
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GSTIN is an abbreviation for Good and Service Tax Identification Number, which is a 15 digit, unique registration number given to every taxpayer registered under GST.
GST officials have successfully counteracted multiple defaulters who, with the help of fake invoices and GSTINs, were caught robbing the nation of its financial assets.
The implementation of GST, has probably been the biggest taxation reforms in independent India. Besides uniting the country under a single tax regime, the roll out of GST has also laid the path for the formalisation of the economy.
Monthly/quarterly GST return filing requires a lot of time and attention. It is important that you, as a taxpayer, keep a tab on all the latest GST updates and file the GST returns timely following all the rules or else there are high chances that your GSTIN may possibly get cancelled. Read the article to know why your GSTIN can get cancelled…
We are delighted to share with you all that IRIS Peridot is coming up with a new version yet again! If you wish to become a beta user for IRIS Peridot, read the steps that will aid you in the process.
The 4.0 Version which is right now in Beta Launch will soon be released on Playstore for user download. Main Features: Search GSTIN by Name | Search GSTIN by PAN | Create watchlist of frequently searched GSTINs | GST Updates and Notifications and much more with Peridot 4.0
Know Your Supplier’ scheme that will enable every registered person to have some basic information about the suppliers with whom they conduct or propose to conduct business was introduced in the 39th GST Council Meeting that happened on March 14th. IRIS Peridot does the same for you.
As per the proposed plan, a lottery scheme shall be introduced to lure taxpayers to pay their GST. For the initial period, the GST panel shall hold daily and monthly lotteries for customers who indulge in a B2C transaction and take a copy of the bill after paying applicable GST.
