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The government has recently again shifted one of the states from one group to another. This has been done to the state of Uttar Pradesh. In a freshly issued corrigendum, the ministry of finance has said that the Uttar Pradesh has been shifted to the 7th Feb 2020 filing due date instead of the earlier […]
GST RET 1 form is newly introduced form by the GST council for the easy return filing of GST returns. The normal GST RET 1 form has arrived with the revised details and columns. The new RET 1 form under GST has been released on the GST portal and is ready to be filed on […]
Payroll is the most required management software by the corporate offices and large business houses for the overall maintenance of employees and their designated profiles. The payroll software also helps in generating salaries and arrears for the employees along with the attendance and other statutory compliance required by the government for the companies. Here we […]
Even when the taxpayers are demanding the lenient process under the GST return filing system, there are very few assesses which are coming up to submit the audit conciliation statement for the FY 2017-18 (FY 18). Just for the reminder the due date to submit the audit conciliation statement FY 2017-18 (FY 18) is 31st […]
GSTN portal has recently added an option to pre-fill an application form for the tax refund of the tax filed for the taxpayers. The portal has included the columns for the information required by the taxpayer to file the tax refund. The columns for the tax refund details require certain information such as: Aadhar Number […]
The government finally crossed the 1 lakh crore mark of GST revenue from a long time in the month of December 2019 with INR 1,03,184 of gross GST revenue. If we divide the GST revenue as per category than the CGST comes at INR 19,962 crore while the SGST accumulated at 26,792 crores. The IGST […]
Recently in a bid to wake up the motivation to go for a clean fuel green vehicle, the oil ministry asked for a rate reduction on the CNG vehicles from 28% to 5%. The lower 5% GST is applicable to electric vehicles as of now and the ministry thinks that the lowered rate may help […]
Recently there is an issuance of a strict rule which states that if the taxpayers do not file the goods and services tax returns, there will be an attachment of bank account and there may be registration cancellation too. This has been decided to be Standard Operating Procedure (SOP) as recognized by the Finance Ministry […]
The GST department has scheduled the webinar based on the topics, Appeal – Model 2 states Taxpayers on 2nd January 2020 at 2.30 pm IST. Further, the webinar will cover certain points such as Type of cases for which Appeals can be filed, Demand order is raised against the taxpayer, Revocation order is rejected by […]