Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Goods and Services Tax (GST) completed three years on July 1, 2020, it was introduced to keep the taxation system simple and beneficial for taxpayers. It brings various changes and also the compliance rate has been improved. But still, there is a major issue Central as well as the State government are complaining about, and […]
On Wednesday, July 1st, Amit Mitra, Finance Minister of West Bengal stated that the idea of borrowing from the market to give compensation amount to states for their loss was not a workable solution. In June 2020, GST Council had a meeting in which it had been decided that they will organize a one-agenda meeting […]
The collection of advance tax has seen a massive decline resulting in more than 30% reduction in the Gross Tax Collections. The dip shows that the businesses have been impacted very harshly by the coronavirus lockdown. All the companies and other “big” assessees are required to pay an advance tax On June 15th, 2020, the […]
The officials are pressurizing the government to rework the Goods and Services Tax (GST) slabs and increase the rates of GST. The officials have also been suggesting that the government should correct the inverted duty structure on fertilizers, footwear, and garments as there are signs of high economic activity in the sectors. The suggestions were […]
The centre described the current abnormal situation as an “act of God” and also indicated that there was no insurance for the growth of 14% in the GST Collections during this situation. In July 2017 when the GST was introduced, the centre provided insurance to States against any “revenue loss”, if the growth of revenue […]
Due to the Lockdown and COVID-19 Pandemic state governments are having a tough time to collect revenue, and by observing that the Central government had earlier released GST Compensation of INR 1,15,096 crore for the period of April to November 2019 and today additional INR 36,400 crore GST Compensation has been also released. Today, GST […]
Read 40th GST council meeting, via video conferencing to phase out all the pending issues of before and after corona lockdown and certain industry aspects that have come to a heating point due to the pandemic calamities across the country. Check out the latest GST council updates as per direct official sources here at blog.saginfotech.com […]
COVID-19 Panadamic causing a bad effect on the collection of the states, due to it, their GST collection requirements is expected to reach Rs. 4.1 trillion in this Financial year, which is almost equal to 2.1 percent of the GDP of our country The biggest tax reform i.e. Goods and Services Tax is now a […]
As per the recently released Government reports and statements a 13% drop has been reported in Gross Direct Tax These types of taxes are directly imposed and paid to the government of India. Example of Direct Tax is Income Tax, TDS, Securities Transaction Tax, Fringe Benefit Tax, etc collection in this year up to May […]
