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Search results for: CAIT

Need Extension of GST Payment & Return Filing Due Dates

Startups & MSMEs Request Govt for the Extension of GST Returns & Payment Deadlines

Beneath covid impact, the MSMEs and startups have been asked by the government to prolong the GST payment along with the last date of furnishing the returns for the month of March, April, and May to June 30, 2021. As per the analysis of MSMEs and startups through community social media platform LocalCircles as many […]

GST Revenue Impacted on Retail Sector

GST Revenue at Loss From Lockdowns Which Directly Impacted on Retail Sector

The third Lockdown is going to end on 17th May 2020 but PM Narendra Modi on 8th May already indicated that the next lockdown is on its way. With back to back lockdowns, everything except shops for essential products was closed for over a month. Due to lockdowns caused by Covid-19 Panadamic, every sector is […]

Experts Working to Simplify GST

Experts of 12 Countries Working to Simplify GST: FM

Finance Minister Nirmala Sitharaman told that the government will iron out issues bothering traders under the Goods and Services Tax (GST) regime and that GST would be additionally simplified, on Tuesday in a CAIT (Confederation of All India Traders) program. Budget preparation is in full swing, keeping the relief for the taxpayer at greatest importance. […]

FM Assures Traders

FM – Several Steps for More Simplified GST Assures

Finance Minister Nirmala Sitharaman at the National Traders Convention of the Confederation of All India Traders (CAIT) spoke in favour of traders, taking cognizance of the problems faced by the traders in the present taxation system. FM highlighted that the traders bring in tax revenue and the government would never want to annoy them with […]

Charted Accounted Software for Firms

Free Download Chartered Accountant Software for Tax Firms

In the digital era, when many new chartered accountant software eventuates regularly, it becomes quite difficult to pick the most reliable, ingenious and relevant. Smart decision-makers purchase tried & tested products and that should be the way. Availing of a free trial is the best way to make a quick uptake decision. SAG Infotech – […]

New GSTR Filing System

Country-wide Demonstration of New GSTR Filing System on Dec 7th 2019

The new filing system is starting up on April 1, 2020, the demonstration session about the same shall be first conducted by the Goods & Services Tax (GST) department adhering to the orders of Finance Minister Nirmala Sitharaman.  FM has given orders to the GST dept to organise demo & consultation sessions for new return […]

E-commerce Portals Under Tax Scrutiny

Two Major E-commerce Portals Under Scrutiny By The Tax Department

The Income Tax Department is intending to scrutinize the business of Flipkart and Amazon starting with the details of their top five sellers in India. The motive behind the scrutiny is to check whether these top and most competent online e-commerce portals are obedient to the Goods and Service Tax regime. Alternatively, it appears to […]

GST Collection Jammu and Kashmir

GST Collection Hindered in Provinces of J&K Due to Poor Internet Connection

The most prominent complaint of the J&K residents after repealing section 370 is internet malfunctions. Failure of internet connections in most of the regions of J&K has not only affected the common people but also the businessman, traders and other professionals for whom tax filing has now become a cumbersome task. Even the Chartered Accountants […]

GST Rates on Aluminium Vessels

Stress Upon Cutting Higher GST Rates on Aluminium Vessels

Vessels are very common yet essential in every kitchen. No family in the country is unaware of its usage, importance and noise. A similar echo is in Union Government appealing to reduce GST on vessels. Deputy Speaker Pollachi V. Jayaraman who attended the annual meeting of the federation on Sunday told media that the vessel […]

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