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Due to the COVID-19 pandemic and countrywide lockdown, the last dates of various compliances have been extended. After the Central government, the State government of Tamil Nadu is also on its way to extend the last dates for various GST compliances due to the Covid-19 The union finance minister Nirmala Sitharaman has finally taken some […]
The CBIC had issued a Standard Operating Procedure (SOP) on January 23, 2020, and it needs to be followed by such exporters, and on May 20, 2020 CBIC made some amendments in it regarding verification of IGST refunds and other related aspects. The Standard Operating Procedure (SOP) by CBIC was released to confirm the existence […]
The CBIC had early received some complaints from exporters that in some cases the Integrated Good and service tax (IGST) refunds are being held for over 6 months. In this matter, the Central Board of Indirect Taxes and Customs (CBIC) recently directed the GST risk management wing to identify risky suppliers to exporters and submit […]
In his recent speech to the nation, the Prime Minister announced that the government will be sanctioning a special fund of whooping INR 20 lakh crore under the ‘Atmanirbhar Bharat’ scheme. The scheme is being launched with the primary aim to help the nation’s economy recover after the recent hit of the global COVID-19 pandemic. […]
Our country was already facing an economic slowdown and the Covid-19 pandemic makes the situation worsen. Due to the continuous shortfall of Good and Service Tax (GST) caused by various reasons, the central government is now is questing ways to compensate states. The States were guaranteed to be paid for any loss of revenue in […]
So DVDs and CDs are in the news again, Actually, AAR (Authority for Advance Rulings) Get to know about AAR (Authority for Advance Rulings) under GST India along with its mechanism. Also, we have described its objectives, powers, orders. Read More Tamil Nadu released order and clarifies that the Licensed Software’s CDs and DVDs can’t […]
There were rumours that the Government will reduce the GST rates 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% for six months to boost demand after the lockdown, but if we take some time and think about […]
Due to the countrywide lockdown, there is some strict restriction imposed on various activities, and everyone has to maintain social distancing. To handle the situation business houses and government boards are doing changes in their work process and they are utilizing a digital mode of communication. In this same view Virtual hearing over Whatsapp has […]
The Appellate Authority of Advance Ruling (AAAR), Karnataka released an order dated 04 May 2020 and ruled that the maintenance and landscape development of gardens for government undertakings come under subcontract work and thus the GST will be applicable on it. M/s The Nurserymen Cooperative Society LTD, Lalbagh, Bangalore is the applicant in this matter […]
