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Search results for: Covid-19

GST Relief Morbi Clock Industry

Morbi’s Clock Industry Seeks at Least a 50% Reduction in GST Relief

There are a number of companies that make a plethora of unbranded clocks units. And some well-known brands like Ajanta India, Oreva Group, Sonam Clock and Rikon Clocks Manufacturing Co produce around 15 million of clocks per annum. Just like any other industry in India, clock industry was going through a recession and now due […]

IAMAI Appeals Equality in GST Rates

IAMAI Appeals Equality in GST Rates for Digital Advertising Sector

The digital advertising sector is urging the government to give them relief in goods and services tax rates amid the corona crises. The Internet and Mobile Association of India (IAMAI) has raised concerns on behalf of the digital advertising sector demanding GST rates View the post GST impact on online advertising business in India. Also, […]

Govt to Release GST and Custom Refunds

Govt to Discharge GST & Custom Refunds to Businesses Including MSMEs

In the wake of the country’s current situation where the entire economy has collapsed due to the COVID-19 outbreak, the Indian government has taken another big step favoring the businesses and taxpayers. The government on Wednesday declared that it is going to release ‘Custom Refunds’ for around 1 lakh businesses including MSMEs View the impact […]

Startups for GST Refunds and Liquidity Support

Startups Request FM for GST Refunds & Liquidity Support

The startups in India have written a letter to the office of the Finance Minister of India, Mrs. Nirmamla Sitharaman, asking for liquidity support because of the lockdown announced by the government after the outbreak of COVID-19. The letter stated that more than half of the startups will go bankrupt because of the lockdown if […]

No GST on Sanitizers & Mask: Medical Fraternity

Medical Dept Requested the Govt to Remove GST on Sanitizers & Mask

In this pandemic time when our country is fighting against Coronavirus Outbreak, the medical organizations have asked the government to think about eliminating GST on sanitizer products and masks Grab the information of revised GST slab rates on consumer products in India, Although the GST council finalized the slab rates like 5%, 12%, 18% and […]

GSTN Officers Process Tax Refun Applications

GSTN Allows Secure Access to Officers for Processing the Tax Applications

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 […]

Truck Associations: Extend Road Tax & GST Payment Date

Truck Associations to Govt: Extend the Last Date of GST & Road Tax

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 […]

IT, Bank & Other Changes from 1st April

Income Tax, Bank, Petrol & Other Changes Started From 1st April, Check Out

The whole country is trying to fight the outbreak of COVID-91 in its own way. The government is also taking the necessary decisions to control the further spread of coronavirus. Lockdown is imposed by the government for the same. The whole country will be locked down till 14th April, 2020, but some changes will be […]

High Loss of GDP Corona Outbreak

High Loss of GDP Because of Corona Outbreak Tax Relief

The recent outbreak of Coronavirus Covid-19 is expected to affect the Gross Domestic Product (GDP) of all the countries in the world. India is also not left out of this. The government is coming up with exceptions and is extending the due-dates of the returns for the convenience of the taxpayers because of the outbreak. […]

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