Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Contradictory advance rulings is now a common word in the goods and services tax world as there was a lot of litigation against the indirect tax regime in the appellate authority.
GSTR 9C is an annual audit form for all the taxpayers having the turnover above 2 crores in a particular financial year. Along with the GSTR 9C audit form, the taxpayer will also have to fill up the reconciliation statement along with the certification of an audit.
The government has directed the E-commerce companies to start collecting up to 1 percent TCS in the course of making any payment to suppliers under GST.
GST and lack of input credit followed by some other factors have affected the profitability of inbound tourism this year as compared to last year when a record 10 million inbound tourists were reported visiting India.
The GTSR-9A is an annual return form that has to be mandatorily filed by composition scheme taxpayers under GST. The GSTR 9A form constitutes consolidated details of SGST, CGST and IGST paid during a given Financial Year.
After the havoc created on Tuesday due to increased petrol and diesel prices, the government has frozen the fuel prices for Wednesday and it remained fixed to Rs.86.72 and Rs.75.74 for petrol and diesel respectively.
After the decision of introducing and full implementation of GST in India for the Businesses, however big or small, near about 1,800 businesses which were earlier registered under VAT and service tax regime have taken initiative and have applied for their migration to the GST system in the latest migration window.
The GST launch event was a glittering event that unfolded at the Central Hall of the Indian Parliament. The Midnight of Friday, July 1st, 2017, was an event that was etched into public memory for decades to come.
IGST is levied on the interstate supply of goods and services as well as Indian imports and exports. Exports are zero-rated under the IGST Act.
