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MSMEs Sector Expectations in Union Budget 2022

MSMEs Expect More Easy TDS and GST Compliance in Budget 2022-23

On Feb 1, 2022, Finance Minister Nirmala Sitharaman would announce Union Budget 2022-23 MSMEs are urging the government to seek the recovery of the sector GST reduction, relaxation in compliance, discuss the problems of late payments and simplicity of the access to capital. It is to be urged by the central government to focus on […]

Expect Low GST on Jewellery Items in Budget 2022-23

Budget 2022-23: GJC Assoc. Suggests FM for 1.25% GST from 3%

The All India Gem and Jewellery Domestic Council (GJC) requested the government to diminish the rate of GST (goods and services tax) to 1.25%. Inside the pre-budget 2022-23 suggestions to the central finance minister Nirmala Sitharaman said that GJC seeks the cumulative GST rate with 1.25% relied on the revenue equivalence principle on gold, precious […]

Reduce GST on Used Cars & Two-wheelers

FADA Demands GST Reduction on Vehicles in Budget 2022-23

The majority body Federation of Automobile Dealers Association (FADA) showing the automobile dealers and retailers towards the country provided its suggestions to assist the automotive industry in the coming Union budget. “We urge the government if the concerns are accommodated in the upcoming budget this could reenergize the auto retail trade, which in turn will […]

MH AAAR Judgment for Cummins India Limited

MH AAAR: Head Office Can’t Claim GST ITC on Common Services

Does the chief executive of large companies headquartered in Mumbai towards the firm or just the head office? Are there any common expenses like salary, marketing, branding, or legitimate expenses be circulated to the branch offices or taken by head office only? In a recent ruling via appellate authority for the advance ruling (AAAR) mentioned […]

CAIT Urges FM to Waive GST Registration

CAIT Requests FM to Exempt GST Number for E-commerce Product Sale

The confederation of all India traders urged the Union Finance minister Nirmala Sitharaman to refuse the essential GST enrollment towards selling the products via e-commerce platforms. In a statement, it is mentioned that the GST steers on the other side of the digital India vision of Prime Minister Narendra Modi and asks the Finance Minister […]

Need Regular Reconciliation in GST 2022

Proper Reconciliation Mandatory for Running As Per GST 2022

Performing reconciliation is required before filing returns towards monthly, quarterly, or annual returns. It does not have any influence as to what methods or when the business executed a reconciliation. Thus now there is a right time to know and discuss the reconciliation task as the government makes important amendments to the GST law which […]

Process to Appeal for Revocation of GSTIN

Full Process to Appeal for the Revocation of GST Number

In which the GST registration number does not accept suo moto through officer upon assesses failure to file the GST return for straight 6 durations and the time limit to apply for the GST revocation of the application of the GST number prior to the adjudicating authority (Jurisdictional Officer / Proper Officer) gets missed then […]

Issues with GST Returns While WFH

WFH May Create Issues for GSTR 1 Filing and ITC, But How!

It came into the concern of the businessmen when Delhi Disaster Management Authority announced to keep private offices shut. While several of them have argued that it is not possible or feasible to work from home in every business. They also explained that it would not possible especially for the small business to work from […]

Recovery Process Due to Mismatch in GSTR 1 and 3B

Self-assessed Tax Recovery for Mismatch in GSTR 1 vs 3B Returns

Process for a Recovery Towards the Mismatch in GSTR 1 & 3B The Central Government presented modification to Section 75 (12) of the CGST Rules, 2017 through inserting an illustration so as to retrieve self-assessed tax without having to resort to proceedings u/s 73 or Sec 74 of the CGST Act, 2017. The illustration describes […]

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