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Extension of GST Compensation

States Ask Centre for Extension of GST Compensation Beyond 2022

The states led by the opposition parties like Punjab, Haryana, and Delhi have asked the central government to provide an extension in compensation released from the collections of Goods and Services Tax (GST) for a period of two years beyond 2022 to help the states in countering the effects of the outbreak of coronavirus. The […]

Amnesty Scheme Launch by Kerala Govt for Pre GST

Amnesty Scheme Launched by Kerala Govt to Settle Pre-GST Tax Arrears

The Government of Kerala has launched an Amnesty Scheme 2020 to settle the liabilities of the tax arrears arising during Pre GST (Goods and Services Tax). The government has introduced the scheme for the purpose of settlement of tax liabilities of arrear assessees before the introduction of GST to clear the backlog of taxes. The […]

MH GST Dept Asks for Tax Estimates

MH GST Dept Asks the Taxpayers to Give Estimates of the Taxes

The nationwide lockdown still prevalent in India has adversely affected the GST revenue of the center as well as states. To this, Maharashtra GST authorities want the taxpayers to disclose the amount they would be paying so that the state is able to create a roadmap for combating coronavirus. The notifications sent to the taxpayers […]

GST Relief for Business Service Sector

FICCI Writes to FM Asking GST Relief for Business Service Sector

FICCI writes a letter to FM Nirmala Sitharaman highlighting the saturated position of the business service segment due to the COVID-19 outbreak in India. The business association (FICCI) stressed upon the urgent need for relaxations like GST rate cut, PF contribution support for the business service segment. The sector having the total employee accumulation of […]

Latest Updates Under GST by the Government

Latest Official Updates Under GST by the Indian Government

The government keeps on amending and updating the provisions related to different types of taxes. The reason could be anything, but in most cases, the changes are made for the ease of the taxpayers. In this article, you will get to know about such amendments related to GST Update. Goods and Services Tax (GST) in […]

GST Circular 135/2020 for Refund Issues

GST Circular (135/2020) for Clarification on Refund Issues

Central Board of Indirect Taxes and Customs (CBIC) on 31st March 2020 released a circular with No.135/05/2020 in Subject of Clarification on refund related issues-Reg. The Circular actually provides clarification on some of the issues relating to GST refunds which have been received by Various representations. In order to clarify all the reported issues and […]

Local MPs Urge the Govt to Quit GST

COVID-19 – MP Urges the Govt to Quit GST on MPLADS Funds

The amount of GST paid on purchasing the emergency health care equipment for the Kanyakumari government hospital has exceeded Rs. 10 lakh, said Rajya Sabha MP, A Vijaykumar. The aid of Rs, 1Cr was given from the Members of Parliament Local Area Development Scheme (MPLADS) fund to fight against the crises caused due to COVID-19 […]

Exports Valuation Via SOP

GST officers to Investigate Exports Valuation SOPs for Doubtful Taxpayers

GST department is soon going to come up with measures to duly verify the exports and are also planning to install a standard operating procedure (SOP) for on the stop verification of suspected taxpayers. This would prove to be an excellent step towards eradicating tax evasion from the country. In the National GST Conference of […]

Msmes Stil Struggling With GST

MSMEs Still Struggling with New Indirect Tax Under GST

The new indirect tax, GST (Goods and Services Tax), has been in the economy for more than two and a half years now. It was launched claiming that its implementation will be beneficial for the economy and will bring smoothness in the process of tax payments, but the micro, small and medium scale industries (MSMEs) […]

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