Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The government is exploring the inclusion of electricity within the goods and services tax (GST) framework. The Union Power Ministry is actively assessing its potential effects on various fronts such as industry, state revenues, and household electricity expenses. Historically, electricity, along with commodities like petrol, diesel, and natural gas, has existed outside the realm of […]
Delhi’s GST revenue has achieved a significant increase of nearly 17% during the first half of the current fiscal year compared to the same period in 2022-23. This positive trend has instilled hope in the government, as it anticipates exceeding its estimated collection. According to data, during the initial two quarters of 2023-24, the Delhi […]
According to SANJAY KUMAR AGARWAL, the Chairman of the Central Board of Indirect Taxes and Customs (CBIC), the buoyancy in goods and services tax (GST) collections will persist throughout the rest of the year. In a conversation with Shrimi Choudhary at his office in North Block, Agarwal credits the increased collections to improved compliance. Having […]
A Mera bill app has been incorporated by Punjab Chief Minister Bhagwant Mann beneath the ‘Bill Liao Inaam Pao’ (bring a bill, get reward) scheme. As per the officials, the scheme would have the objective to increase compliance under GST and hence the revenue. Latest Update The goal of the scheme is to persuade customers […]
At present, natural gas is not included in the GST regime. It should either be taken under the GST regime or it would be considered for getting the input tax credit (ITC) upon the tax paid on its purchase even if it is under the VAT regime. Senior tax consultant Amit Dave, speaking at a […]
Overview of the Direct and Indirect Tax Proposals in Budget 2023 (Finance Bill 2023) presented by Smt. Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs. Key Highlights of Finance Bill 2023 for Direct Tax In Budget 2023, the Finance Minister announced a number of changes to personal income tax, including a rise in the […]
An 18% GST would be applied to the project management consulting services said by the Maharashtra Appellate Authority for Advance Ruling (AAAR). The two-member bench of D.K. Srinivas and Rajiv Kumar Mittal carried the ruling of AAR and sees that the services furnished via their professionals would be in the type of professional and technical […]
The government is prepared to draw the petrol and diesel under the GST ambit given that the states would have agreed on the same mentioned by the Petroleum and Natural Gas Minister Hardeep Singh Puri. The minister sees that various countries in the world are facing the fuel shortage and higher rises in cost however […]
Provisions for GST E-way Bill incurred via changing Rules 138, 138A, 138B, 138C, and 138D in the Central Goods and Services Tax Rules, 2017 (‘CGST Rules, 2017’). The same provisions would be initiated to validate the tax evasion. But the same would be used to harass the transported along with the people who are obligated […]
