After the implementation of GST Act in July 2017, there are number of changes are made by the government to stabilise the GST Act but still it is in hit and try phase. As seen in past few months, number of GST fake Input Credit rackets were detected by GST Department. After that, GST Department has started to make GST law stricter so that only genuine dealers will stay in market and all defaulters were detected and let them away from GST Stream.
In this drive, GST Department has cancelled a large number of GST registration Suo-Motto who has not filed GST Return for continues 6 Months. In this editorial, we will discuss, some latest changes in GST law which if not complied may invite penal action which may even led to cancellation of GST Registration.
Read more on: https://taxguru.in/goods-and-service-tax/mistakes-avoid-gst-registration.html
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