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Mandatory to Mention 8 Digit HSN in Tax Invoice

GST: 8 Digit HSN Mandatory for 49 Chemical-based Product

The Central Board of Indirect Taxes and Customs (CBIC) stated that 8 digit HSN Code is important for particular goods such as chemicals used for several things to manufacture. On 28th June 2017, CBIC changed the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.12/2017 Central Tax. For the […]

Full Details of GST QRMP Scheme

Info GST QRMP (Qtly Return Filing & Monthly Payment) Scheme

The Central Board of Indirect Taxes and Customs (CBIC) had published the Quarterly Return Monthly Payment Scheme. CBIC states that the enrolled individual to whom the return in form GSTR-3B is to be filed while providing the eligibility for QRMP, and those whose average turnover is Rs 5 cr in the previous fiscal year are […]

GST and VAT Refunds by TG Government

TG Govt Passes SGST & VAT Refunds of INR 58.3 million for Two Companies

Telangana government while outwarding the budget for Rs 58.3 million (~$789,059) for the refund of two solar projects beneath the state goods and services taxes (SGST) as well as Value Added Taxes (VAT). Pratamesh Solarfarms Limited, a subsidiary of ReNew Power has been approved with the amount of Rs 26.072 million (~$352,847). Also to the […]

IGST for Online Tests or Examination

KAR AAAR: IGST Applicable on Tests Scored Online Due OIDAR Service

The Karnataka Appellate Authority of Advance Ruling (AAAR) ordered that the Integrated Goods and Service Tax (IGST) is to be applied on online tests scored after individual interference as it is divisible as an Online Information Database Access and Retrieval (OIDAR) Service. The NCS Pearson INC is the service provider of online examination, testing through […]

GST Revenue Collection in Nov 2020

More Than INR 1 Lakh Crore GST Collection in November 2020

The net GST revenue received in November month 2020 is Rs 1,04,963 cr where CGST comprises Rs 19,189 crore, SGST settled Rs 25,540 crore, IGST comprises Rs 51,992 crore along with Rs 22,078 crores received on import of goods and Cess is Rs 8,242crore as well as Rs 809 crores collected on import of goods. […]

Guidelines for UPI Payment Under GST

Central Govt Discloses Latest Guidelines for GST UPI Payment

The government has given the exemption in the penalty to those who seek business to consumer B2C transactions for 4 months duration from 1/12/2020 to 31/03/2021 to give invoices excluding dynamic QR code through the enrolled people with the turnover of more than Rs 500 cr says the Department of Revenue (DoR), Ministry of Finance. […]

Many Business May Lose GST Registration

5 Lakh+ Business May Lose GST Registration & Many Yet to File Returns

With the rise in the strictness done by the government, the 25,000 businesses who had not furnished the GST return in November will urge to quickly file the same as the council is sending text messages as well as emails required them to follow with the needs. Beyond this, nearly 5.43 lakh businesses have not […]

SOP for Physical Verification of Business

CBIC Ordres GST Officials to Collect Physical Verification of Business Premises

A physical clarification is to be conducted for business premises that have to be granted deemed GST enrollment amid 21st August and November 16 so as to make sure that the business running by them is real. The CBIC has told that those people whose Aadhar card number has not been authenticated will not be […]

Show Cause Notice in GST REG 23 Form

GST REG-23 Form Notice Cancellation of Revocation Application

The proper office will deliver the show cause notice Form GST REG-23 if he is not satisfied with the refusal application furnished by the assessee. There is a need to display the cause relied on which he thinks that the refusal of the application so furnished is entitled to get rejected. The situation beneath which […]

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