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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 […]
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 […]
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 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 […]
The Appellate Authority of Advance Ruling (AAAR) in order number KAR/AAAR-17/2019-20 stated that the Applicant can avail input tax credit (ITC) A complete guide for understanding the basics of input tax credit and it calculation with detailed examples under GST (Goods and Services Tax) India. Read More of Good and Service Tax (GST) on the […]
