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GST Revenue Impacted on Retail Sector

GST Revenue at Loss From Lockdowns Which Directly Impacted on Retail Sector

The third Lockdown is going to end on 17th May 2020 but PM Narendra Modi on 8th May already indicated that the next lockdown is on its way. With back to back lockdowns, everything except shops for essential products was closed for over a month. Due to lockdowns caused by Covid-19 Panadamic, every sector is […]

Center Seeks India Inc's View On Economy

Center Tries to Economic Revival, Seeks India Inc’s Suggestions

The Central Government of the country is desperately trying to revive the country from the impact of the outbreak of coronavirus. The demands and suggestions made by the industry include reducing custom duties, more liquidity, reduction in GST (Goods and Services Tax) Have a look at the major issues/problems being faced by Indian people after […]

Stimulus Packages and GST Relief for MSMEs

ASSOCHAM Represents MSMEs for Stimulus Packages & GST Relief

The 21 days lockdown announced by the Prime Minister on 24 March 2020 has been extended now till 3 May 2020 looking at the increasing cases of corona positive patients in India. Not only India but the entire world is struggling with COVID-19 crises and the government of every country is coming up with possible […]

Latest Updates Under GST by the Government

Latest Official Announcements on GST by the Govt of India

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 […]

February 2020 GST Collection

February 2020 GST Collection Dropped Down Due to COVID-19 Outbreak

While the entire world is in the grip of COVID-19 disease, India is no exception. The country’s February Goods and Service Tax (GST) collection was only Rs. 98,000 crore till March 30, 2020, said sources. Prior to corona crises in India, the GST collection stood at Rs. 1 lakh crore mark that is again less […]

GST Collection March & April Due Coronavirus

GST Collections March & April Maybe Hit Due to Coronavirus

The lock-down of offices, shops and other businesses due to the outbreak of coronavirus will affect the GST collections for March and April. According to experts, the hit can not be embraced even by agreeing to the demands of taxpayers to extend the due date of filing GST returnsView the due dates of GST return […]

Insolvency & Bankruptcy Code Bill in Second Amendment

2nd Amendment in Insolvency & Bankruptcy Code Bill, 2020, Check Out!

The Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020 has now been cleared from both the houses of Parliament. It was already cleared by the lower house of Parliament, Lok Sabha, earlier and was pending in the upper house of Parliament but now the Rajya Sabha has also cleared the bill with the majority. The […]

Parliamentary Suggests Lower GST Rate for Auto Sector

Parliamentary Panel Proposed a Cut in GST Rates for Automobile Sector

On Tuesday, 3rd March 2020, a parliamentary panel proposed a reduction in GST rates for the Automobile Sector of the country. It recommended that the GST rates imposed should be reduced at least until the Automobile Sector revives in full. It also said that uniform road taxes What is One Nation One Road Tax? One […]

GST Rate Cuts on White Goods in Budget 2020 Proposal

Budget 2020 Proposals: GST Rate Cuts on White Goods Manufacturers & Incentives for Local Makers

Goods and Services Tax (GST) rate cut has been sought for the white goods by the concerned sector from the Budget 2020 along with the incentives for manufacturing goods locally from the same. “Make in India” incentives are sought for the consumer durable from 1st February i.e. with the application of the Budget in order […]

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