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This portal provides effective GST (Goods and Services Tax) news about what is going in the financial world such as filing, taxes, evasion of taxes, etc. The financial news will bring you the knowledge and are helpful for the CAs.
The Blogs on this portal will also tell you about the trending GST news and financial updates whether it might be from any government or non-government portal. You can also stream into the GST articles relevant to the GST REG, the updated scheme for the people of India, and awareness about how to manage or provide consultancy to the people of India in managing their businesses.
The blog will regularly provide press releases of the GST council meetings held by the finance minister of India. Moreover, people can also seek information about the petitions imposed by the applicant and the progress or the result of the cases.
Pressuring the government to lessen the GST on health insurance policies, the opposition would protest in parliament. Trinamool Congress leader Derek O’Brien raised the issue. During the Zero Hour in Rajya Sabha, Mr O’Brien mentioned a letter sent by Union Minister and senior BJP leader Nitin Gadkari to Finance Minister Nirmala Sitharaman, in which he […]
Goods and Services Tax (GST) registration of over 3.49 lakh business establishments has been withdrawn in Haryana, Punjab, Himachal Pradesh, and UT Chandigarh in the last 3 years as of different reasons, including closure of business. Over 2.20 lakh businesses encountered GST cancellation in Haryana beginning the financial year 2021-22 till June 30, as per […]
Indian businesses are facing difficulties in complying with GST, particularly concerning self-invoicing and the reverse charge mechanism (RCM) for services obtained from overseas companies. To address such concerns the government via issuing circulars is taking measures but the speed of such development is not dynamic. Infosys has obtained partial relief from the demands raised by […]
The rent received from renting out the building to the Department of Social Welfare for running the boys’ hostel for the weaker section is waived from the GST (Goods and Services Tax), Karnataka Authority for Advance Rulings (KAAR) noted. The petitioner, K.A. Sujith Chandan, leased a building to the Department of Social Welfare, Government of […]
The Allahabad High Court in a ruling, addressed an issue related to the E-way bill under the Goods and Services Tax (GST). The court remarked that furnishing a different address in the E-way bill rather than the consignee’s address can be attributed to human error. Mentioning the absence of intent to evade tax, the court […]
The Karnataka Authority for Advance Rulings (AAR) held that “Pushti,” a powdered mixture of cereals, pulses, and sugar, is waived from GST (Goods and Services Tax). The petitioner, Raibag Taluka MSPC is registered as a “Society” under the Karnataka Societies Registration Act of 1960. They are in supplying supplementary products to Anganwadi centres via the […]
The Karnataka State authorities in the Rs 32,400 crore Goods and Services Tax (GST) demand on Infosys, have withdrawn the pre-show cause notice to the company. In a regulatory filing, the company said: “The company has received a communication from Karnataka State authorities, withdrawing the pre-show cause notice and has directed the company to submit […]
The collection of GST revenue has surged by 10.3% year on year to Rs 1.82 lakh crore in July, it is the third highest monthly mop-up, led by a robust rise in taxes collected from imports, as per the official data. The GST revenue collection in July was 4.75 per cent more increased than June’s […]
The Madras High Court in a case held that the GST obligation confirmed for non-providing of documents not asked in the SCN ( Show Cause Notice ) is not valid. The court remanded the case for reconsideration. The bench of Justice Senthilkumar Ramamoorthy noted that concerning the second issue, the tax proposal was confirmed on […]