Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
On July 30, 2020, the Authority for Advance Ruling, Karnataka (AAR) put forward a ruling in which it stated that Good and Service Tax (GST) at 12% rate Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like 5%, 12%, 18% and 28% will […]
GST (Goods and services tax) is a major tax reform implemented in India on 1st July 2017 across all the states. The new tax scheme has subsumed around 17 indirect taxes of both central and state levels. It is said that the goods and services tax will end the currently prevailing cascading effects of taxation […]
The new e-invoice system has brought the policy in which there is no need for data entry of purchase invoice to be done by the buyer. The e-invoice states that the invoice will be shared electronically and viewed among the accounts department of the buyer. The invoice will present in the system before the arrival […]
The government officials have told that over 1,300 exporters have claimed false GST refunds Get to know about official GST refund process under GST regime as finalized by the GST Council. We have included terms and conditions of all aspects worth Rs. 1,875 Crores from different sources which are untraceable to their business. 7,516 other […]
The GST (Goods and Services Tax) Council had decided to provide a late fees waiver facility for the assessees who have not paid their GST returns from July 2017 till March 2020 on the condition that all such assessees will file their returns from 1st July 2020 till 30th September 2020. A lot of assessees, […]
The Central Government recently cleared the confusion over GST on Company Directors. The authorities also reflected their concerns regarding held-up input tax credit refunds A complete guide for understanding the basics of input tax credit and it calculation with detailed examples under GST (Goods and Services Tax) India. Read More, it is an issue that […]
At Present time, agents are liable to pay 18% GST on the invoices as per the GST law, and due to the epidemic situation caused by COVID 19 a huge spike in the number of the bad debts has been reported. In this matter on Tuesday, June 9, 2020, the Domestic Air Cargo Agents Association […]
Due to the COVID-19 pandemic and countrywide lockdown, the last dates of various compliances have been extended. After the Central government, the State government of Tamil Nadu is also on its way to extend the last dates for various GST compliances due to the Covid-19 The union finance minister Nirmala Sitharaman has finally taken some […]
The CBIC had issued a Standard Operating Procedure (SOP) on January 23, 2020, and it needs to be followed by such exporters, and on May 20, 2020 CBIC made some amendments in it regarding verification of IGST refunds and other related aspects. The Standard Operating Procedure (SOP) by CBIC was released to confirm the existence […]
