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Digital Technique for Fast GST Compliance

Fully Digitalization for Reducing GST Compliance Burden to MSMEs

Towards the improvement in the GDP and the employment generation in the country small and medium-size businesses gives effective contributions. It is mandatory for them that their health and growth are nourished uniformly. But beneath GST the MSMEs are feeling the burden. Various businesses in India shall not able to quote their rates upon their […]

All-time High GST Collection in March 2021

Gigantic & Historical INR 1.24 Trillion GST Collection in March 2021

The government exchequer collected from Goods and Services Tax (GST) has been on the peak/pinnacle since its journey started in July 2017 across the entire nation. The revenue collection from GST was a whopping Rs 1.24 trillion in a single month of March 2021 — a historical and a mammoth figure in the history of […]

CAG Report Suggested Simplified GST Returns Forms

CAG: GST Technical Problems Responsible for ITC Fraud in System

The Comptroller and Auditor General of India (CAG) has reported technical glitches in the entire mechanism of Goods and Services Tax (GST) even after 3 years of its implementation and further advised computerisation of legal processes and legal procedures in addition to fixing the roll-out plan of a simplified GST regime. Starting from the legal […]

Parliamentary Panel Recommends for Structural GST Changes

Panel Advises Center for All Possible Changes to Increase GST Revenue

The parliamentary panel has recommended to the finance ministry that the government needs to make breakthrough /structural changes in the mechanism of goods and services tax (GST) and should step up the compliance procedure to boost revenues and fill up the gap in states GST revenue receipts. Due to the CORONA pandemic, several states have […]

GST Collection in March 2021

March GST Collection May Set New Record of INR 1.30 Lakh Crores

Tax revenue from Indirect Tax collected by the Government i.e. Goods and Services Tax (GST) is mushrooming every month after the corona situation is in control. In January 2020 also, it soared to INR 1,19,875 crore and in March 2021, it might cross the record of January (INR 1,19,875 crore) i.e. by at least INR […]

GST Revenue Target in FY21

Govt May Focus Revised GST Target in FY21 on Upcoming Meet

For the 5th continuous month, the Centre’s goods and services tax (GST) collection attained at Rs 1 trillion marks in Feb month. As per the government, this was the outcome of the implemented activities so to enhance the recovery inside the economic activities. With the same speed, the government can effectively meet the amended GST […]

15th FC Report Regarding GST Annual Loss

15th FC: Annually Lose May Reach INR 4 Trillion If Reduced GST Rates Continues

The 15th Finance Commission, which is conducted by N K Singh, has recommended that the 12% and 18% slabs beneath the Goods and Services Tax (GST) be united into one conventional rate, and GST is deliberated into the 3 rate platform accompanied by the 5% merit rate and 28-30% failure rate. For a long time, […]

13th Installment of INR 6k Cr

FM Declared the 13th Installment to States for GST Coverage

The finance ministry shows mentioned the 13th weekly installment of INR 6k crore to the states on Monday, January 25, to bridge the GST shortage. From that Rs 5,516.60 crore was delivered to 23 states and a value of Rs 483.40 crore was delivered to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu […]

Budget 2021 for Education Sector

Govt Must Consider Low GST Rate for Education Sector in Budget 2021

Due to the Covid-19 pandemic, online classes and work from home protocols become the new normal. Due to these changes, a spike has been reported in demand for digital infrastructure across each and every sector of the country. Mr. Nitin Potdar, a Corporate Partner at J. Sagar Associates, and leading the education practice of the […]

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