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The Central Government recently cleared the confusion over GST on Company Directors. The authorities also reflected their concerns regarding held-up input tax credit refunds A complete guide for understanding the basics of input tax credit and it calculation with detailed examples under GST (Goods and Services Tax) India. Read More, it is an issue that […]
The government launched a feature for filing the NIL GST Returns in Form GSTR 3B through SMS on Monday. The feature was added to make the tax compliance easier for the assessments. The assessees can now file their return through SMS instead of filing them online by logging in to their accounts on the common […]
The bench of Authority of Advance Ruling (AAR) ordered that from now on 18% GST (Goods and Services Tax) will be charged on the leasing charges of the cold storage for agricultural produce. The judgement was ruled in an application filed by M/s Gubba Cold Storage Pvt. Ltd. who deals with the storing and warehousing […]
Due to the Lockdown and COVID-19 Pandemic state governments are having a tough time to collect revenue, and by observing that the Central government had earlier released GST Compensation of INR 1,15,096 crore for the period of April to November 2019 and today additional INR 36,400 crore GST Compensation has been also released. Today, GST […]
According to some data revealed recently, The CGST collection for April month was reported Rs 5,934 crore which is 87% less as compared to the same month last year’s collection (Rs 46,848). The Official data is concerned with the month of March in which only a few days are under lockdown. Some analysts also expressed […]
Kannada Sahitya Parishat sent a letter to Union Finance Minister Nirmala Sitharaman, in which they pointed out that the Kannada publishing industry is going through a tough time and less than 1000 copies being printed of even some of the most popular books. They also requested for GST exemption on royalties given to the authors. […]
Read 40th GST council meeting, via video conferencing to phase out all the pending issues of before and after corona lockdown and certain industry aspects that have come to a heating point due to the pandemic calamities across the country. Check out the latest GST council updates as per direct official sources here at blog.saginfotech.com […]
COVID-19 Panadamic causing a bad effect on the collection of the states, due to it, their GST collection requirements is expected to reach Rs. 4.1 trillion in this Financial year, which is almost equal to 2.1 percent of the GDP of our country The biggest tax reform i.e. Goods and Services Tax is now a […]
In between all the ongoing Political drama, UP Government introduced the new migrant’s commission in the state with the aim of doing the registration and provide jobs to the migrant workers. Just after two days, on Tuesday Yogi Adityanath, Chief Minister of Uttar Pradesh announced that all the workers and labours who have returned to […]
