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Samsung India comes under the probe of the GST officials as recently the GST department had sent notices to the Samsung office in India to give a detailed sales report including GST charged. It was found by the GST officials that the Samsung had not passed the GST rate cut benefits to the consumers even […]
Recently the Telangana High Court didn’t consider the writ petitions of the companies which were facing arrest charges from the GST Commissionerate officials for unethical activities in their return filing.
GSTR 9 is an annual return form for all the taxpayers which has to be filed before 31st December every year. The annual form consists of all the SGST, CGST and UTGST transactions and has to be included in the form GSTR 9 mandatorily.
A slump of 3.46% is witnessed in Apparel exports in F.Y. 2018-19 in comparison to the year-earlier period. Last financial year the Apparel exports were worth $16.13 billion while in the year-earlier period it was worth $16.71 billion.
The government has announced that it will hold a webinar in English based on the topic – GSTR 9C Reconciliation Statement to cover all the necessary questions and filing procedure in order to make easy for taxpayers to file the GSTR 9C reconciliation statement.
GSTR 9C is an annual audit form under goods and services tax which has been released for all the business units having turnover more 2 crores annually. The form undertakes auditing part of such business transactions.
R. Kalyanasundaram, president of Tamilnadu Pumps and Spares Manufacturers’ Association (TAPMAA) claimed that the GST (Goods and Services Tax) has taken their business to another level and GST is a boon to the small-scale units.
A smart humanitarian step regarding GST elimination on the equipment, including wheelchairs, crutches and hearing aids by an 11 years old schoolboy.
The provision under Section 80C and 80D of the Income-tax Act is that specified taxpayers could claim for deductions to the Insurance company on the total amount paid to them for specified insurance schemes.
