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The budget 2021, which was announced by the Finance Minister on Feb 1, 2021, proposed many changes in a range of finance sectors. The sectors which were affected the most by the recent Indian budget are taxation, personal finance, pensioners, etc. A number of proposals for amendment in certain GST rules were also proposed by […]
The Kerala High court ruled that the decided order is now being passed which is in Form GST ASMT-13 in which form GST DRC-07 is the only report. The applicant Hash constructions ask the petitioner order passed through the joint commissioner and plead beneath the central goods and services tax act through the refusing the […]
The union government has given Rs 84k cr till date to states beneath the specific borrowing window to bridge up the GST shortfall, while the provisional consideration of the GST stands at Rs 2.06 lakh cr amid April-November 2020. The GST consideration of Rs 40k cr has been furnished towards the states and UTs so […]
Learning that “the facts of the case are very gross and shocking”, the Gujarat High Court said on Friday (05th February) uprooted the GST officials for allegedly “coercing and pressurizing” an individual to shift an amount of Rs.9 Crore to the account of the field. The two Judges Justice J. B. Pardiwala and Justice Ilesh […]
Budget 2021, which was officially announced by Finance Minister Nirmala Sitharaman on February 1, 2021, introduced multiple changes to the tax regime, including the goods & service tax (GST) system – the indirect tax system of India. The new GST changes, which include relaxation in mandatory audits for registered businesses, aim to help SMEs recover […]
The 15th Finance Commission, which is conducted by N K Singh, has recommended that the 12% and 18% slabs beneath the Goods and Services Tax (GST) be united into one conventional rate, and GST is deliberated into the 3 rate platform accompanied by the 5% merit rate and 28-30% failure rate. For a long time, […]
There is no intention of the tourism industry to seek help for the reduction in the goods and service tax towards the hotel rooms to 12%, stated by the Union Tourism Minister. The minister knew from the tax imposed on several tourism products as well as services which consist of hotels because this will affect […]
The FM Nirmala Sitaraman during the Budget 2021-22 urges the provisional attachment of the assets of the individual who has hands behind the bogus GST invoices exceeding Rs 2 cr. FM said that “A new provision is being inserted in the Customs Act (section 114AC) to prescribe penalty in specific cases where any person claims […]
The finance minister of India Nirmala Sitaraman during the presentation of the budget 2021 i.e today inside the parliament said to ignore the need of filing the GSTR audit report in the GSTR-9C form. The assessee is needed to file the GSTR-9C reconciliation statement Get the easy guide to GSTR 9C along with complete online […]
