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Search results for: Goods and Services Tax

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 […]

Aadhaar Authentication Not Necessary for Foreigners

Relief in GST Registration for Foreigners & Government Entities

The foreign individual and the government entities from the compulsory need of Aadhar grounds authentication has been prolonged towards the goods and services tax(GST) enrollment. The Indian people will need to follow the Aadhaar authentication or personal verification route for GST registrationGet to know the complete GST registration procedure online on the Indian government GST […]

GST Collection in Feb 2021

Expectation of INR 1 Lakh CR GST Collection in February 2021

There is an expectation of Rs 1 lakh cr GST collection for the straight 5th month in Feb converting it to the highest sustaining collection ever where its indirect tax regime was launched in July 2017 which shows the reliable economic return. The early prompts like the GST e-way bills generated Get to know about […]

High Petrol and Diesel Prices

Towards Shouting Over Higher Petrol & Diesel Prices FM Directed it to GST

Towards shouting over the higher petrol and diesel prices the central finance minister, Nirmala Sitaraman directed that the center, as well as the state government, need to execute the mechanism to bring out the retail to the reasonable levels. The 60% of the retail petrol price which currently lies above Rs 100 in some areas […]

Order Related to GST Recovery for Official

Gujarat HC Orders GST Authorities for Any Recovery Mid Search Operations

There are several complaints of the urgent recovery through the GST officials in the search operations, Gujarat high court directed the central and state council for a stay as temporary in collecting or taking any due or amount from the businessman till search operation goes on. It is to be implemented if they are imposed […]

Natural Gas Under GST

Next Target to Convey Natural Gas Under GST Ambit, Indicates PM Modi

India is said to induce natural gas in the goods and services tax (GST) regime to mark prices lower and uniform all over the country, commented PM Narendra Modi. “We are committed to bringing natural gas under the GST regime; I want to tell the world come invest in India’s energy sector,” he commented. He […]

New Option to Furnish LUT

GST Network Adds New Feature of Furnishing LUT for FY 2021-22

The Goods and Services Tax Network (GSTN) has approved the functionality to implement the Letter of Undertaking (LUT) for the fiscal Year 2021-2022 on the GST Portal. Any enrollment individual claiming the option to provide the goods or services towards exporting the Special Economic Zone (SEZ) Get to know the complete details of supplies given […]

Companies vs NAA in Delhi High Court

Companies to Delhi HC: NAA Not Following Appropriate Process

The firms said to the Delhi high court that the National Anti-profiteering Authority (NAA) was not following the left process of law and was not starting the left procedure inside law with respect to them when there was no cut in the goods and services tax (GST) rates or any rise in the ITC. The […]

CBIC Fresh Instructions During Search Operation

GST: CBIC New Instructions Via Search Operation to Extend Rules & Procedures

The Central Board of Indirect Taxes and Customs (CBIC) mentioned the rules with respect to the process which is to happen through the Search Operation. The CBIC noticed that the proper process has not been undertaken in the search proceedings along the Panchnamas statements has not been listed according to the extant rules and instructions. […]

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