Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
It is now three months since the launch of the GST e-invoice system. The system turned out to be the game-changer for all the taxpayers and also for the authorities, it provided easy transition of taxpayers to the new platform. As per report, After the launch of NIC developed GST e-invoice system Get to know […]
Myth 01: The bigger number of the assessee will be influenced by the rule. Fact: For several privileges such as exporters, suppliers of goods of inverted duty structure, assesses who have a footstep in the Income Tax database, etc. it is thought that this rule will be applied to only 0.5% of the total assesses […]
Seeking protective data analytics through the firms, the government has initiated a restriction to the GST evasions where 7000 entities were actioned upon and arrested 187, it is a campaign to float the tax collection said Ajay Bhushan Pandey Finance Secretary. In December 2020 the net GST collection was Rs 1.15 lakh cr which was […]
In Dec 2020, GST revenue has received gross Rs 1,15,174 crore where Rs 21,365 cr is from CGST, 27,804 cr from SGST, Rs 57,426 cr from IGST and other includes Rs 27,050 cr received from the import of goods and Rs 8,579 crore on cess along with Rs 971 cr received on the import of […]
The due date for filing the yearly returns (GSTR 9 & 9C Form) of the goods and services tax (GST) 2019-20 is prolonged by the government by 2 months post demand of the interval sought by the companies on the basis of difficulties in compliance and interruptions because of coronavirus. Current Due Date for GST […]
A recent amendment to the Goods & Services Tax Rule 36, which is expected to help curb fake invoicing, has raised a storm of complaints from taxpayers across social media, who believe that the amendment will reduce the amount of Input Tax Credit A complete guide for understanding the basics of input tax credit and […]
Some known assesses are providing invoices post receiving the Invoice Reference Number (IRN) of Invoice Registration Portal (IRP) (usually regarded as ‘e-invoices’). Information from these e-invoices will be auto-populated in particular tables of GSTR-1. on 30/11/2020 the status will be updated on the auto-population. For those assessees who had begun to furnish the GST e-invoicing […]
According to the assessee, the government has prolonged the deadlines for the income tax goods and services tax along with Vivad se Vishwas direct tax conflict intention policy with context to the view of the challenges which is raised because of Covid-19 pandemic. “Considering the problems being faced by the taxpayers, it has been decided […]
The Maharashtra Goods and Services Tax Department (MGSTD) stated the usual method for GST audits below Section 65 of the MGST Act, 2017. Under Section 65 of MGST Act, 2017 the Maharashtra GST council is starting audits below Section 65 of the MGST Act in the case of chosen RTPs. This announcement is given to […]
