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Companies are going through a tough time due to fewer to no customers, lack of liquidity, and restrictions. Companies and representatives are looking at Government for some rate-cut in GST and now some Consumer-facing companies including makers of biscuits, Ayurveda products, soaps, and shampoos reached the government and requesting to reduce the goods and services […]
The CBIC had early received some complaints from exporters that in some cases the Integrated Good and service tax (IGST) refunds are being held for over 6 months. In this matter, the Central Board of Indirect Taxes and Customs (CBIC) recently directed the GST risk management wing to identify risky suppliers to exporters and submit […]
Our country was already facing an economic slowdown and the Covid-19 pandemic makes the situation worsen. Due to the continuous shortfall of Good and Service Tax (GST) caused by various reasons, the central government is now is questing ways to compensate states. The States were guaranteed to be paid for any loss of revenue in […]
There were rumours that the Government will reduce the GST rates Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like 5%, 12%, 18% and 28% for six months to boost demand after the lockdown, but if we take some time and think about […]
As you know already that the Release of GST Collection data for April month has been postponed. And now in this matter, Finance Secretary Ajay Bhushan Pandey on 13th May stated that the clear picture of the GST collection of April month is possible only on 30th June 2020. 30th June is also the last […]
Transportation is completely halted in the lockdown period imposed by the government to contain the spread of the Coronavirus. There are still some strict restrictions on people’s traveling. Thus it is obvious that cab and autorickshaw drivers are going through a tough time. That’s why cab and autorickshaw drivers from Madurai (Tamil Nadu) urge the […]
The Authority of Advance Ruling (AAR), Karnataka, ruled that 5% GST will be charged on the Poha Bran & Fried Gram, 2.5% State Goods and Services Tax & 2.5% Central Goods and Services Tax on each of the items. However, if the fried gram is not branded, then it will be exempted from both kinds […]
The states led by the opposition parties like Punjab, Haryana, and Delhi have asked the central government to provide an extension in compensation released from the collections of Goods and Services Tax (GST) for a period of two years beyond 2022 to help the states in countering the effects of the outbreak of coronavirus. The […]
The National Anti-Profiteering Authority (NAA) recently gave its verdict saying that if the discount rate remains the same pre and post-GST reduction then it is not subject to profiteering. Here is the case of a reduction in the GST rate on Ceramics Glazed Wall Tiles, Printex Crema from 28% to 18% (valid under Notification dated […]
