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Currently, almost all the tax filing solution providers offer cloud services through which all the confidential data is being stored in the company’s server. Generally, cloud data servers are now widely used by every company, but, there is a significant loophole in this data storage. We have talked about foreign investors who are equally staking […]
The Tamil Nadu Authority for Advance Ruling (AAR) ruled on allowing easement rights as a service moreover goods and services tax (GST) at the rate of 18% should be liable. For the easement of the right, the owner of the selective property next to which he does not own. Chennai metro rail limited CMRL who […]
Read this informative post to find GST rates for scrap material with HSN Code, including plastic, rubber, wood, and paper waste. 54th GST Council Meeting – A 2% TDS will be deducted when a registered person sells metal scrap to another registered business. Latest Update What is the Meaning of Scrap? Scrap is nowhere related to GST […]
In the upcoming GST council meeting, there are speculations that the gold and other gemstones will be brought under the limitations of the GST eway bill. As per the sources, the government has taken this decision in order to curb the gold theft. There are multiple sources and issues that arose in the recent past […]
Rs 87,422 crore GST revenue has been collected in July out of which SGST counts on Rs 21,418 crore, CGST is 16,147 crore, IGST is Rs 42,592 crore which includes Rs 20,324 crore that is negotiated on import of goods and Cess stood at Rs 7,265 crore which includes Rs 807 crore collected on goods […]
With the straight fall in the economy, states like Gujarat, Andhra Pradesh, Kerala and Tamil Nadu look out with the highest slump in the first quarter of the financial year compared to the previous financial year. Facts and figures of GST decline of these states show that the Indian economy seems to highly depend on […]
The new e-invoice system has brought the policy in which there is no need for data entry of purchase invoice to be done by the buyer. The e-invoice states that the invoice will be shared electronically and viewed among the accounts department of the buyer. The invoice will present in the system before the arrival […]
The government has decided to continue the existing GST (Goods and Services Tax) return filing system for the time being. In place of launching the new GST return filing system, the government will try to introduce advanced features to the older system. The government will be launching from GSTR 2B for the Input Tax Credit. […]
The Central Government is on the way to allow end-to-end private participation in the space sector but experts responded that the country’s legal and policy obstacles can cause some serious trouble. Recently an online discussion was organised on “Unlocking India’s Private Space Sector: Legal and Policy Challenges”, it was organized by the NALSAR University of […]