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In the congratulating letter to the P.M. on his big triumph in the last Lok Sabha Elections, Punjab Chief Minister Captain Amarinder Singh has presented 101 suggestions to Prime Minister Narendra Modi for simplifying the GST Tax mechanism and abbreviating the issues faced by businesses due to the implementation of GST 1.0. He also suggested […]
IGST stands for integrated Goods and Services Tax. It is the provision in the GST (Goods and Services Tax) which manages the movement of Goods and Services in the interstate. IGST is not an additional added tax and neither it substitutes the Central Sales Tax. In simple words, it is the sum of CGST (Central […]
The Indian companies from all the sectors including consumer durables, real estate and automobile manufacturers are currently trying hard to get GST rate cut on their goods and services. The consumer durable industry had said that the high 28 per cent GST rate must be reviewed. As per the official from a reputed consumer durable […]
The central government had finally announced the revenues for May month under GST era reaching up to INR 95,610 crores. The amount will be divided into the central and the government of the state proportionately.
The Tamil Nadu Advance Ruling Authority has stated that there is a reduction in the slab of the polypropylene mats that are plated with the help of the polypropylene straw. From 1st January 2019, the GST of it will be 5 per cent i.e. 2.5 per cent for Central Goods and services tax (CGST) and […]
The Goods and Service Tax is going to complete Six years of implementation on Mar 22, 2023. It was introduced in the country with the idea of one nation one tax and succeeded in replacing 17 taxes and cesses with only five tax rate slabs, ranging from 0 to 28 per cent. Introduced with the aim of making […]
New GST (Goods and Services Tax) return forms have been proposed which are ready to bring an end to the most popular and widely used tax evasion method which is “claiming rebate for the tax that was not paid in the first place”. These new forms will be rolled out soon and will start from […]
GSTR 4 return filing has to be done on the GST portal along with the JSON file which is thoroughly checked by the system. It is a very complex method to find out all the issues related to the JSON file validation. There are certain points which has to be checked while uploading the JSON […]
Witnessing the downturn phase of the economy, convulse in the manufacturing sector and youth’s famine for jobs; Revenue minister RV Deshpande on Sunday petitioned Prime Minister Narendra Modi for barbering goods and services tax (GST) rates as the high GST rates are cornerstones for the grievous slump in the manufacturing sector today. He appealed to […]
