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According to a senior official at the Centre, faced with the competing objectives of raising revenue and containing inflation, the government is likely to propose a gradual hike in the GST rates over time rather than reducing the slab sizes as they are at the moment. The same would be told to the states, who […]
International Women’s Day (IWD) is observed every year on 8 March to celebrate the cultural, political, and socio-economic achievements of all women. It is a momentous day for the country, which achieved a major milestone last year, with India’s sex ratio improving to 1020 per 1000 males in 2021. A country that is still tackling […]
The essential electronic invoicing of business to business B2B transactions towards the firms that have a turnover exceeding Rs 20 cr would raise the GST enrollment by 75%. The latest system which will be applicable from 1st April would add 180,000 GST identification numbers (GTINs) increasing from the current 240000 to nearly 420000. Beneath GST […]
The government must draw the natural gas under GST compliance to discover the vision of the PM Narendra Modi on the subject of the economy of the gas and making the environment friendly fuel for India, the industry council that shows the likes of the Reliance Industries and the companies owned by the state. Natural […]
Under the GST regime, the finance ministry has circulated a notice dated 1st Jan 2022 as the date towards the norms pointing 100% invoice matching essential for GST ITC (Input Tax Credit). Towards every taxpayer, the framework computes GST ITC based on the return furnished through his or her supplier. “These curb the chance of […]
Telangana Industries Minister KT Rama Rao asked the Union government to refuse the proposed plan of GST hike from 5 to 12 per cent upon the garments and fabrics dated 1st Jan 2022. In the letter to Central textiles, Rama Rao mentioned that for the former 2 years the handloom sector passes through the tough […]
The GST council and government had released some of the best and exciting amendments and changes to bring forward the most required features to the GST applicability for the common people as well as organizations alike. Some GST amendments in compliance are late fee relaxation, lowering down of provisions doubts and more. You can check […]
The simplicity of business operation for MSMEs In October month the electronic invoicing system (e-invoicing) completed its one-year journey. Towards the micro, small and medium enterprises (MSMEs) business faces the rise and fall through this journey. The framework is tough to work on for the newly arrived people. E-invoicing has been executed by the Indian […]
Policyholders do not have the major intention about the personal accident insurance covers. However, it is an essential cover for the majority of the people it is not being purchased normally. If in the union budget 2022 they mentioned that provide the tax deduction towards the premium furnished to buy the Personal accident insurance then […]
