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The Central Board of Indirect Taxes and Customs (CBIC) has refunded a total of more than Rs. 10,700 crores as refund under the Goods and Services Tax (GST) and Customs. The refund amounts for the period from 8th April 2020 to 23rd April 2020. The CBIC has done a marvellous job in refunding the claims […]
The experts have informed that the government is considering a policy to remove the GST payment compliances for the sectors which are impacted the most by the outbreak of coronavirus. A policy to remove any GST (Goods and Services Tax) payment liabilities for a time period of 6 months arising on the sectors which are […]
As per a recently released order, AAR stated that a separate Goods and Service Tax (GST) registration is not necessary for another state for continuing the contract in that state. The Order clearly states that if an entity has a proper GST registration then /he/she/they don’t need separate GST registration to execute the contract in […]
According to the Goods and Services Tax (GST) Act, 2017, all the assessees filing the GST returns Check out due dates of payment under GST for general and composition taxpayers in India. We have included penalty charges on late payment with interest. Read More All the assessments are suggested that they should issue the GST […]
Sessions are to be held by the Economic Advisory Council of the Fifteenth Finance Commission on April 23-24 2020 regarding the current position and the revival of the Gross Domestic Product (GDP) growth The biggest tax reform i.e. Goods and Services Tax is now a part of Indian Economy. A new and unified tax structure […]
India is going through Lockdown part 2, and most of the people are working from their homes. The finance ministry a few days ago denoted some points to Infosys for improvement in the GST Network enhancement project. If you don’t know, The GST Network portal (GSTN) Read out the complete guide of official GST return […]
The Central Government of the country is desperately trying to revive the country from the impact of the outbreak of coronavirus. The demands and suggestions made by the industry include reducing custom duties, more liquidity, reduction in GST (Goods and Services Tax) Have a look at the major issues/problems being faced by Indian people after […]
The government sources informed the media that the exemption of GST (Goods and Services Tax) on personal protection equipment like medical test kits, masks, sanitizers, and ventilators will neither benefit the manufacturers nor the customers. Presently, the GST is charged on masks at the rate of 5%, on ventilators and medical testing kits at the […]
The experts have said that providing an exemption of Goods and Services Tax (GST) on products and services being used to fight coronavirus like Medical Test Kits, Personal Protective Equipment (PPE), Masks, etc. might turn out to be counterproductive. GST on PPE is charged at the rate of 5% if the cost of the product […]
