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Key Events This Week:
1. CPI Inflation data- Wednesday
2. PPI Inflation data - Thursday
3. Jobless Claims - Thursday
4. Consumer Sentiment data - Friday
5. Q2 2023 bank earnings begin
6. Total of 8 Fed speakers this week
Expecting volatility this week.
Update for GST Registered Businesses
All GST registered businesses will now have to geocode their addresses: GSTN
GST Network on Friday said it has geocoded 1.8 crore addresses of registered businesses and the functionality is now live for all states and UTs. Geocoding will help in finding out the exact location of the registered entity and check bogus registrations
GST SCAMS IN HOTELS AND RESTAURANT
How to prevent this?
1.) First of all you have to check 15 digit gst number is mentioned on the bill or not
2.)Then go to (service.gst.gov.in)And entered the gst code, If it is invalid then you do not have to pay Good and Service Tax
3.) Then you have to check status of the gst number on the site if it's active then you have to pay tax if suspended then no tax
4.) Check taxpayer type if regular then ok if composition then again no tax
