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GST Council 38th Meeting concludes on 18th December 2019 under the Chairmanship of the Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman. The meeting was also attended by Anurag Thakur (Union Minister of State for Finance & Corporate Affairs) and Finance Ministers of States & UTs and some senior officers of the Ministry of […]
Proposals to come in next GST council meeting on Delhi HC Order. Grievance Redressal Committees will be set up at the state and zone levels soon to assist trader and industrialists combating the technical issues on GST portal. The committees will also have representatives from central and state GST officials, GSTN, tax professionals and trade-industry. […]
Finally, Business Process Outsourcing industry is out of the dilemma that was created by the Government of India (GOI) months ago by issuing the circular that imposed 18 percent GST on Information Technology (IT) as well as Information Technology Enabled Services (ITES) companies which cater broker & intermediary services to foreign clients. GOI has now […]
The Central government, in a recently passed order (Order No. 09 /2019-Central Tax), has provided the provision to remove the difficulties in regards to appealing to the Appellate Tribunal against orders, examining the record of any order passed by the Appellate Authority by the Commissioner, and difficulties in timely filing of appeal/application because of the […]
Finally, a rise in Goods & Service Tax (GST) collection in the month of November to INR 1.03 lakh crore has brought good news for GST officials who have been constantly working for measures to improve GST collection. This rise by 6% seems to reverse the last two month’s fall in GST collection. Experts are […]
First of all, it should be made clear that GSTR 3A is not a form to file returns, instead, it is a form that is sent by the government of India (GOI) as notice. GSTR 3A refers to the form in which the government sent notice to the taxpayer for not furnishing the GST returns, […]
The composition levy scheme is an optional scheme for small taxpayers to reduce their tax burden in the easiest, legal and convenient way. It is a voluntary scheme by the Central Board of Indirect Taxes These types of taxes paid on Consumption by the consumer but they do not pay directly to the government (unlike […]
The government has to put in extra efforts to achieve its tax collection targets for FY 2019-20, stated by Lok Sabha. As per the data accumulated for the first seven months of the current fiscal year, the direct tax These types of taxes are directly imposed and paid to the government of India. Example of […]
According to the latest amendment in the said notification, an explanation shall be added in the Table. The explanation reflects the inclusions under the term “bus body building“. The explanation shall be entered against serial number 26, in column (3), in item (ic), in the table. The explanation reads, “For the purposes of this entry, […]
