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The government has recently extended the return filing due dates for the GSTR 1, GSTR 3B GSTR 6 and GSTR 7 for few states of India due to flood and other reasons. The taxpayers and businesses having a turnover of more than 1.5 crores have taken into consideration. The extended due date for filing these […]
Only 20% of Visakhapatnam Traders have filed central goods and services tax (CGST) returns till the date and 80% of them need to urgently file the returns before the due date of 31st August 2019. The due dates for filing GST returns have been extended many times due to the complexities and cumbersome process involved […]
India’s economy is currently running towards 1 lakh crore or 1 trillion and fluctuates sometimes due to multiple reasons. The government is also on its toe to fetch as much as tax from the businesses. Countries biggest industrial chief Mukesh Ambani recently made some of the staggering announcements at its 42nd annual general meeting held […]
Rewards to homebuyers is a new hatch by the union government to innervate the growth of stagnant real estate sector along with other measures which include a proposal by homebuyers about marginally elevating the Goods and Services Tax (GST) on housing projects and cutting down the overall cost, people having deep knowledge about the development […]
According to the specialists, the manufacturers and wholesalers who supply a discount to retailers to pass on to the customers, GST on which is creating confusion and pushing towards possible legal proceedings. The retailers say that GST on discount can put them into a difficult situation following the government’s recent decision. In June 2019, the […]
Now, the change in the price of Goods and Services according to the business cycle is not an issue any more. The government has liberated the companies from the applicability of anti-profiteering provision in the Goods and Services Tax (GST) law, provided they have turned over the benefits of GST rate abbreviations to consumers. An […]
Not later than a few years, there will be a resonance of ‘Electric Vehicles‘ everywhere in Indian Markets. One of the electric vehicle manufacturers in India, Ather Energy conveys that it will give the entire benefits to its customers of reduced GST rates entirely supporting the government’s initiative to lower the Goods and Services Tax […]
Financial institutions have been fending off the service taxes and GST notices since April 2018 and this has again led to a dysfunctional relationship between banks and Government of India. The Government has levied Rs 18,000 crore goods and services tax (GST) on banks for their services like wealth management, zero-fee lockers, ATM facilities etc. […]
Haryana has created a benchmark by contributing the highest of 4.7 percent in the national GST collection. It is one of the 29 states in India owning just 1.8 percent of the geographical land of the country and accommodating the 2.9 percent of the national population. State’s finance and tax minister Captain Abhimanyu declared that […]
