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Good and Service Tax Network (GSTN) reported 10,000 new GST registrations and 8,000 refund applications on the portal during the lockdown. The report is of 10 days since the lockdown started (till 3 April). To handle the GST registrations and online applications Get to know the complete GST registration procedure online on the Indian government […]
The Gujarat High Court has granted bail to the applicant in the case of false, higher Input Tax Credit (ITC) claimed by the assessee. The applicant in the case of Amit Chandrakant Shah vs. the State of Gujarat, was granted bail on the precondition that he, Mr. Amit Chandrakant Shah, will not exploit the benefit […]
The truck transport service owners have requested the government to extend the due date of payments of road tax and Goods and Services Tax (GST) in view of the outbreak of COVID-19. The owners requested that the dates should be extended to 30th September 2020 because of low trade, insufficient profits and other problems faced […]
The government keeps on amending and updating the provisions related to different types of taxes. The reason could be anything, but in most cases, the changes are made for the ease of the taxpayers. In this article, you will get to know about such amendments related to GST Update. Goods and Services Tax (GST) in […]
Central Board of Indirect Taxes and Customs (CBIC) on 31st March 2020 released a circular with No.135/05/2020 in Subject of Clarification on refund related issues-Reg. The Circular actually provides clarification on some of the issues relating to GST refunds which have been received by Various representations. In order to clarify all the reported issues and […]
The mobile sector saw a hike in the rates of GST (Goods and Services Tax) from earlier 12% to now 18%. Simultaneous to this hike in the GST rates, mobile manufacturing units have increased the prices of their smartphone models. India surpassed the USA to become the second-largest mobile market in the world and an […]
The government has suggested some amendments to be made in the Goods and Services Tax (GST) to counter the increasing number of frauds in exports. The reports of investigations conducted have found that a large number of exporters overestimate the exports in the records in order to claim higher amounts of Input Tax Credits (ITC) […]
While the entire world is in the grip of COVID-19 disease, India is no exception. The country’s February Goods and Service Tax (GST) collection was only Rs. 98,000 crore till March 30, 2020, said sources. Prior to corona crises in India, the GST collection stood at Rs. 1 lakh crore mark that is again less […]
The amount of GST paid on purchasing the emergency health care equipment for the Kanyakumari government hospital has exceeded Rs. 10 lakh, said Rajya Sabha MP, A Vijaykumar. The aid of Rs, 1Cr was given from the Members of Parliament Local Area Development Scheme (MPLADS) fund to fight against the crises caused due to COVID-19 […]
