Search results for: gst

After a steep downfall in GST Revenue collection in the month of February 2019, March has raised a flag to fetch an honour for the GST department and the Government as well by making a record collection in terms of revenue collection this month.

The start of the new financial year 2019-20 has also come with slight changes in the income tax and GST rules from April 1. The changes that were announced during the interim budget 2019 will come into effect from April 1, 2019.

The GST authorities have clarified that transfer or change in the ownership of business would happen in the case of death of the sole proprietor and would include the transfer or change in the ownership of a business.

The e-way bill system in the coming time would be enabled to calculate the distance for movement of goods bases the postal PIN codes of the source and destination locations but, there would be a 10% variation allowed.

The GST Council and the Government of India has received orders by the High court to get the online portal opened for the submission of TRAN-1 form of GST before March 31, 2019.

Many of the exporters have come under the tracing radar of tax authorities in India for claiming the tax credit two times for the same export under the inverted duty structure.

The Goods and Services Tax (GST) Council is a federal body between the States and the Centre, but according to the States, Centre is enjoying the creamy side of this arrangement and letting the states wait for the dues.

The West Bengal Chief Minister, Mamata Banerjee gearing up for the upcoming election has announced the Election Agenda and with this has tried to assure the national audience for a thorough review of the GST system.

It is 18% GST which is being charged on all the outdoor and industry catering services. The caterers urged that the GST tax levy of 18% on outdoor and industry catering services should be brought down to 5%