• twitter-icon

Search results for: direct tax collection

Many Business May Lose GST Registration

5 Lakh+ Business May Lose GST Registration & Many Yet to File Returns

With the rise in the strictness done by the government, the 25,000 businesses who had not furnished the GST return in November will urge to quickly file the same as the council is sending text messages as well as emails required them to follow with the needs. Beyond this, nearly 5.43 lakh businesses have not […]

Registration Process of One Person Company

One-Person Company: Annual Filing Compliance with FAQs

Various newer concepts have been initiated in the law, and alterations has come across to run the companies in India in 2014 within the Companies Act 2013. One of them is the One Person Company in India (OPC). The One Person Company section refers to a company with only one person or member. This can […]

15th Finance Commission on GST Dues to States

15th FC: GST Compensation to States Could Reach INR 7 Lakh CR in 2022

The bridge between the collection of GST cess along with the revenue shortfall seen by the states to implement the goods and service tax can lie between anywhere from Rs 5 lakh crore to Rs 7 lakh crore as by June 2022 as from Rs 2.35 lakh crore expected for this year, the 15th finance […]

0 Percent Growth Rate Till March 2021

Expected Growth Rate 0% Till March 2021 & No GST Rate Cut Possible

Due to corona, another package for the economy which gets canceled is now again launched by the government said by finance secretary Ajay Bhushan. Although he has not stated the time when it will be provided. Indeed he also says that the Indian Economy might reach a 0% growth The biggest tax reform i.e. Goods […]

GST Revenue Collection in October 2020

More Than INR 1 Trillion GST Revenue After 8 Months in Oct 2020

INR 1 trillion GST has been collected for the very first time in the eight months in October post unlocking from September. Any month GST collection resembles the business received in the previous month. There is only a 10% rise at Rs 95,379 cr from the previous year which stood at Rs 1.05 trillion which […]

Rectify GST Return Filing Defaults

GST Return Filing Pendency Needs to Cleared Soon: CBIC

The Central Board of Indirect Taxes and Customs (CBIC) asked businesses to make sure that their due taxes need to be filed as not doing that might prevent them from the transportation of goods. The assessee whose income is more than Rs 5 crore in the last financial year are advised to file their pending […]

Income Tax Provisions of TCS

Know Applicable New IT Provisions of TCS from 1st October 2020

Here we will go through all the latest tax collected at source (TCS) provisions as listed by the tax department. The department has made clear all the points in detail. The Finance Act 2020 has launched three new provisions under Tax collected at source The Central Board of Direct Taxes (CBDT) has amended the provision […]

Issues of Tax Faceless Assessment Scheme

Major Problems Can Occur under Faceless Assessment Scheme

The problem of criticizing the decisions for the bureaucratic opacity and ambiguous fiscal regulations has been seen at several times in India. The country has improved its business index from 134 in 2013 to 63 in 2020 owing to the e-governance which includes the initiation of electronic MOA and AOA, one program for communicating in […]

Punjab GST Amendment Bill 2020

Punjab GST Amendment Bill 2020 Proposal Approved by the Cabinet

On August 25, 2020 the proposal of introducing the Punjab Goods and Services Tax (PGST) (Amendment) Bill 2020 was approved by the Punjab Cabinet. The cabinet is also simplifying the provisions and process to impose and collect the taxes as per the Punjab Goods and Services Tax (PGST). As per a source from the Chief […]

Follow Us on Google News

Google News

Latest Posts

Best Offer in 2026

Powering India's Taxation Experts with Innovation

Upto 20% Off
Tax, ROC/MCA, XBRL, Payroll, Online GST

Limited Offer, Hurry

Easy to File Tax/GST Returns

Upto 20% Off on Tax Software

    Select Product*

    Current GST Due Dates