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Solely dedicated to the convenience of the taxpayers, the government has come up with the utility to track the ‘Refund Application Status’ from the GST portal GSTN portal has recently added an option to pre-fill an application form for the tax refund of the tax filed for the taxpayers. Read More. The said utility allows […]
The Bombay High Court said that the credits of Goods and Services Tax (GST) collected by the taxpayers are monitored by the Central Board of Indirect Taxes and Customs (CBIC). The board decides the time limit and way of the utilization of the credits. The experts said that as the HCs of Haryana, Delhi, Calcutta, […]
IRPs stand for Interim resolution professionals which are managing various companies under the insolvency process, released a notification recently. In its IRP flagged several issues, requiring separate GST registration for such companies to file a totally new or fresh return from the time the insolvency proceedings began. IRPs who are designated under the Insolvency and […]
The Authority of Advance Ruling (AAR) Bengal, that Goods and Services Tax (GST) at the rate of 12% will be applicable to the supply of works for Metro and Monorail Construction contracts. The order was given under the case of an application raised by ABB India Ltd., under which the authority found that it was […]
The government denied giving any additional relief to the mobile sector apart from extended due dates in filing the returns. The sector will face a 6% hike in the rates that will add on to the already worsened situation due to the COVID-19 outbreak. The government’s only relief to the mobile manufacturers is an extension […]
Owing to the immense financial loss caused to the tourism sector due to the coronavirus outbreak, Tourism Ministry is now asking the government to eliminate Goods and Service Tax (GST) levy from the sector for the next six months, as declared by the sources. The proposal was made after combined recommendations drawn from several tourism […]
Paying heed to the current scenario, FM Nirmala Sitharman has granted a considerable relief to non-resident Indians. The threshold limit has been set to Rs. 15 lakhs per year (income from assets in India) for a tax levy while exempting global incomes. FM Nirmala Sitharaman recently gave relief to REITs and InvITs through changes in […]
The union finance minister Nirmala Sitharaman has finally taken some relief measures on the basis of currently widespread coronavirus pandemic. The decisions are taken to provide relaxation to the various sectors as well as to the taxation industry. In her video conference with all the state finance ministers and panel, she has talked on all […]
In an notification shared by the Central Board of Indirect Taxes and Customs (CBIC) the government has made it mandatory for all partnership firms, the Karta of Hindu Undivided Family and the other signatories of all types to link and authenticate AADHAAR number for the registration in Goods and Services Tax Get to know the […]
