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In the wake of the country’s current situation where the entire economy has collapsed due to the COVID-19 outbreak, the Indian government has taken another big step favoring the businesses and taxpayers. The government on Wednesday declared that it is going to release ‘Custom Refunds’ for around 1 lakh businesses including MSMEs View the impact […]
In this pandemic time when our country is fighting against Coronavirus Outbreak, the medical organizations have asked the government to think about eliminating GST on sanitizer products and masks Grab the information of revised GST slab rates on consumer products in India, Although the GST council finalized the slab rates like 5%, 12%, 18% and […]
The government keeps on amending and updating the provisions related to different types of taxes. The reason could be anything, but in most cases, the changes are made for the ease of the taxpayers. In this article, you will get to know about such amendments related to GST Update. Goods and Services Tax (GST) in […]
Central Board of Indirect Taxes and Customs (CBIC) on 31st March 2020 released a circular with No.135/05/2020 in Subject of Clarification on refund related issues-Reg. The Circular actually provides clarification on some of the issues relating to GST refunds which have been received by Various representations. In order to clarify all the reported issues and […]
The mobile sector saw a hike in the rates of GST (Goods and Services Tax) from earlier 12% to now 18%. Simultaneous to this hike in the GST rates, mobile manufacturing units have increased the prices of their smartphone models. India surpassed the USA to become the second-largest mobile market in the world and an […]
Solely dedicated to the convenience of the taxpayers, the government has come up with the utility to track the ‘Refund Application Status’ from the GST portal GSTN portal has recently added an option to pre-fill an application form for the tax refund of the tax filed for the taxpayers. Read More. The said utility allows […]
The government denied giving any additional relief to the mobile sector apart from extended due dates in filing the returns. The sector will face a 6% hike in the rates that will add on to the already worsened situation due to the COVID-19 outbreak. The government’s only relief to the mobile manufacturers is an extension […]
Owing to the immense financial loss caused to the tourism sector due to the coronavirus outbreak, Tourism Ministry is now asking the government to eliminate Goods and Service Tax (GST) levy from the sector for the next six months, as declared by the sources. The proposal was made after combined recommendations drawn from several tourism […]
In an notification shared by the Central Board of Indirect Taxes and Customs (CBIC) the government has made it mandatory for all partnership firms, the Karta of Hindu Undivided Family and the other signatories of all types to link and authenticate AADHAAR number for the registration in Goods and Services Tax Get to know the […]
