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Search results for: GST benefits

Nov 2020 Growth of GST E-invoicing

November 2020 Gets 17% More E-invoicing Under GST

The e-invoicing before GST has picked up the speed in its 2nd month with the generation of the bill stating a growth of 17% in November as compared to October. It indicates the 2nd phase for e-invoicing that is to make it important for those whose turnover exceeds Rs 100 cr and more from Jan […]

Tax Benefits for Private Buses

Tax Benefits to Private Bus Operators for Educational Services

On Wednesday near about 8000 private bus drivers establishing functioning buses for educational institutions on state carriage permits, is permitted the advantage with 100% privilege on the motor vehicle tax till December 31 which comes into force from March 23. The cabinet has opted for the decision as of covid-19 The union finance minister Nirmala […]

GST and Pandemic Create Difficulty for Pen Industry

Pen Manufacturers Under Pressure Due to GST & COVID-19 Pandemic

The pen industry is facing double problems of Rs 2000 cr due to ongoing covid-19 and from the GST said the officials. The pen manufacturer states that 18 % GST has been imposed by the central board of indirect taxes “Recently, many of the exporters have come under the tracing radar of tax authorities in […]

Problems Due to GST Framework

EEPC: GST Structure is Creating Difficulties for Engineering Companies’ Exports

The Engineering Export Promotion Council (EEPC) recently came up with a statement that the current rules-regulation and how they have been interpreted under the Goods and Services Tax (GST) framework are causing many difficulties for some engineering companies. The EEPC knocked on the door of the government and asked them to pay attention to this […]

GST Applicable for Housing Society Services

Maharashtra AAR: Housing Society To Levy GST on Certain Threshold Limit

In recent times, the finance ministry circular has again announced that the resident welfare association having 20 lakh or more annual turnover or if they charging INR 7500 per month must pay GST on certain conditions. Also, the Maharashtra Appellate Authority for Advance Ruling (AAAR) for GST has stated the same for all the RWA. […]

Quarterly GSTR Filing New Hurdles

Highlighted New Problems for MSMEs in Quarterly GST Returns

Quarterly Goods and Services Tax (GST) return filing is turning to be a bit of pain for small businesses. A major relaxation for micro, small, and medium enterprises (MSMEs) in compliance is resulting in blockage of input tax credit (ITC) A complete guide for understanding the basics of input tax credit and it calculation with […]

GST E-invoices 4.95 CR in OCT 2020

Taxpayers Create 4.95 CRORE GST E-invoices in October 2020

In the first month of the launch of the service, the assessee generated 4.95 crore GST e-invoices said IT and electronics officials. In October 6.41 crore GST e-way bills Know the details on blocking and unblocking e-way bill feature for non-filers of GST return. Also, we solved general queries through important frequently asked questions were […]

LTC Tax for Non-Central Govt Employees

LTC Cash Voucher Scheme Benefits Brought for Non-Central Employees

To increase the spending on the festive season the ministry of finance prolonged the advantages of LTC cash voucher scheme on Thursday to the government employees other than central. “In order to provide the benefits to other employees (i.e. non-central government employees)… it has been decided to provide a similar income-tax exemption for the payment […]

Illegal GST Assessment Notice to MSMEs

MSMEs Contacting Punjab CM Concerning Illegal GST Assessment Notices

Micro, Small and Medium Enterprises (MSMEs) should resemble the Punjab Chief Minister Captain Amarinder Singh about the illegal GST assessment notices granted by the State Goods and Services Tax (SGST) Get the brief introduction of SGST, IGST and CGST. We have mentioned their full forms, meanings and adjustments of input tax credit under GST in […]

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