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Traders of Tamil Nadu urged to look into the GST (Goods and Services Tax) and make changes in it. They also demanded to remove the 18 per cent of the collection which is charged for bank transactions and to include the diesel and petrol under the GST. As on 5th May the Traders day was […]
The CBDT (Central Board of Direct Taxes) will make an agreement with the GSTN (Goods and Services Tax Network) about the formal data exchange mechanism so that the Income Tax department and GST authorities can automatically share the information of the taxpayer between each other. As per the CBDT order that has been issued on […]
As per the media reports, to give the opportunity to the small businesses, the IGNOU (Indira Gandhi National Open University) has started a programme. The School of Management of the IGNOU has associated with the BSE (Bombay Stock Exchange) to launch the GST programme. To join the programme, the candidate must be Higher Secondary qualified […]
GST officers are trying to figure out a solution for dealing with the B2C entities and small restaurants who are collecting tax from their customers but are not paying it to the government. This step is being taken because many customers filed the complaints about being charged GST from the small restaurants but instead of […]
In a report on Monday, it has been said that to promote the tourism sector, the government should simplify the hotel GST rates and must encourage the private participation because it has a huge potential to further increase the jobs and economic growth. By the year 2029, the Indian tourism sector could see a growth […]
What is GST E-Invoice System? GST e-invoice is the introduction of the digital invoice for goods and services provided by the business firm generated at the government GST portal. The concept of a GST e-invoice generation system has been taken into consideration for the reduction in GST evasion. The GST officers have come to a […]
An opportunity for all the businessmen whose registration were aborted due to non-payment of GST registration tax returns. They can now apply for the restoration of registration till July 22 subject to the condition that they first pay the outstanding tax along with filling the pending return. The revenue department has notified the permission and […]
Recently, the IT system has been refined to restrict the GST non -filers from generating e-way bills. To weaken the tax evasion practices this institutive step has been taken which prevents the Business – consignor, consignee, transporter, e-commerce operator or a courier agency, who have not filed the GST returns for the stipulated time period […]
It has been found that the GST rate cut has now come into effect as an online survey of 16,000 people have told that they are getting more benefits than earlier when the rate cut was actually done. The consumer reported that from the time period between June 2018 and April 2019 made the most […]
