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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 […]
As per recent updates received yesterday, Philips India was found guilty by the GST anti-profiteering authority for not providing benefits of the GST rate Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like 5%, 12%, 18% and 28% cut which is estimated over […]
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 […]
Companies are going through a tough time due to fewer to no customers, lack of liquidity, and restrictions. Companies and representatives are looking at Government for some rate-cut in GST and now some Consumer-facing companies including makers of biscuits, Ayurveda products, soaps, and shampoos reached the government and requesting to reduce the goods and services […]
There were some rumors in the air that the central government is planning to impose COVID cess on GST to improve the economic condition of the country which is getting down day by day due to the COVID-19 and lockdowns. Now some of the sources clearly declined all these rumors and stated that The Finance […]
