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The states have welcomed the decision of the government to reduce the cost of the covid-19 testing kit whose price was Rs 2250 to Rs 1500 along with flexibility in the ambulance service rates. The private hospitals have requested the state government for compensation in GST on the covid-19 kits. “As the state government caps […]
According to some data revealed recently, The CGST collection for April month was reported Rs 5,934 crore which is 87% less as compared to the same month last year’s collection (Rs 46,848). The Official data is concerned with the month of March in which only a few days are under lockdown. Some analysts also expressed […]
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 […]
In India, the COVID-19 pandemic has adversely affected the Goods and Service Tax collection. GST collection for the month of March and April have considerably fallen along with the decrease in the number of electronic permits and GST e-way bill generation Know the details on blocking and unblocking e-way bill feature for non-filers of 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 […]
The government recently rolled out an order declaring that it is going to grant GST Refunds Get to know about official GST refund process under GST regime as finalized by the GST Council. We have included terms and conditions of all aspects. Read more to all the businesses for the orders that were canceled by […]
Just like any other public agency, MCA is also trying hard to maintain everything and taking all the required steps in the wake of the rapidly spreading CoronaVirus. In the same effort, on April 10th, 2020 Friday, the Ministry of Corporate Affairs (MCA) come up with circular addressing Frequently Asked Questions (FAQs) on Corporate Social […]
The government has recently extended the deadlines for many important compliance as a statutory relief amid coronaviru crises in India. One of such important compliance is filing Form 15G and Form 15H. The form is usually submitted by April but since the entire nation is hit by the outbreak of this deadly disease, due dates […]
The government came up with the conclusion of extending the deadlines for the GST e-way bill validation until 30 April 2020. Amid corona crises due to which the entire market is stagnant, this is a sigh of relief for all the businesses that were struggling with the issues of goods supplies stuck in between the […]
