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The news suggested that GOI is planning to increase the GST rate As per the recent update, The central government is planning to do changes in the slabs of Goods and Service Taxes (GSTs) soon. As per the rumors on various goods, in the same matter, the GST council is scheduled to meet on December […]
It is highly anticipated from the market experts that the GST council will increase the tax on mobile phones and fabric in the upcoming week. This action is likely to be taken from the government end in order to boost the revenue collection as well as correct the inverted tax structure. Presently, 12% GST is […]
According to a recent update, a contention related to GST and taxman’s power has reached the Delhi High Court. Promoters of companies which are suspected in evasion of Good and Services Tax (GST) are now knocking the door of the high court. Several promoters have filed a petition against the validity of GST statutory provisions […]
As per the recent update, The central government is planning to do changes in the slabs of Goods and Service Taxes (GSTs) soon. As per the rumors, the Good and Service Tax council can increase the GST from 5% to 6% on many essential goods. This plan is being considered to increase the revenue from […]
Constitutional lawfulness of the National Anti-profiteering Authority (NAA) has been challenged by some real estate developers due to the absence of judicial members as a part of authority while condemning the interest levied by NAA on penalties. Around 50 real estate developers throughout India had received notices from NAA on account of not passing the […]
The Central government, in a recently passed order (Order No. 09 /2019-Central Tax), has provided the provision to remove the difficulties in regards to appealing to the Appellate Tribunal against orders, examining the record of any order passed by the Appellate Authority by the Commissioner, and difficulties in timely filing of appeal/application because of the […]
The 38th GST council meeting has been concluded with several major and minor changes in the GST rates as well as in the annual return filing due dates, penalty and ITC related provisions. Let us check out the complete amendments done under the finance minister Nirmala Sitharaman in the 38th GST council meeting. All Updates […]
Finally, a rise in Goods & Service Tax (GST) collection in the month of November to INR 1.03 lakh crore has brought good news for GST officials who have been constantly working for measures to improve GST collection. This rise by 6% seems to reverse the last two month’s fall in GST collection. Experts are […]
Now the government has given another relief to the homebuyers by ordering the builders to return the additional GST taken from them. The Tamil Nadu Real Estate Regulatory Authority (TNRERA) has recently ordered this to builders community. But on the contradictory, it has ruled down the issues that the homebuyers can claim the input tax […]
