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The states have welcomed the decision of the government to reduce the cost of the covid-19 testing kit whose price was Rs 2250 to Rs 1500 along with flexibility in the ambulance service rates. The private hospitals have requested the state government for compensation in GST on the covid-19 kits. “As the state government caps […]
The centre is willing to alliance with the states who have not chosen offered to fill the gap in GST the finance ministry states that the centre allows 20 states for borrowing ₹68,825 crores from the market to fill the financial shortage but some states show that they will go to the supreme court a […]
There was a GST Council meeting scheduled from 4-6 pm on Monday October 12, 2020, but ahead of that Union Finance Minister Nirmala Sitharaman addressed a press conference. The Finance Minister came up with several proposals to stimulate demand in the economy, which broadly fall under two heads consumer spending and capital expenditure. Latest Update […]
The Income-tax credit Rajasthan commercial tax department extended the date to verify till December 31, 2020. Under Act 18(2) of the Rajasthan Value Added Tax Act, 2003 the Commissioner of Commercial Taxes Rajasthan Jaipur, Abhishek Bhagotia delegated addressed with section 174 of the Rajasthan Goods and Services Tax Act, 2017 revised the Notification No. F.16 […]
The Central Board of Indirect taxes and Customs (CBIC) has now empowered the customs officers and with it now they got the power to amend any document for the purpose of conducting a Faceless Assessment Know about the government’s newly introduced faceless income tax assessment for providing relief to the taxpayers. Also, check its benefits […]
The business has started after the lockdown phase due to covid-19 and also after the closing on 5 August. It is concluded that the centre has collected 2nd highest GST from Jammu and Kashmir in the last month all over the country. It means that from the last few weeks in Jammu and Kashmir there […]
The Karnataka Authority of Advance Ruling (AAR) announces that it is taxed at the rate of 5% and 12% hiring e-bikes and bicycles for rent without an operator. The Applicant, Yulu Bikes Pvt. Ltd. has the business of renting vehicles like e-bikes (Miracle), bicycles (Move) in Bengaluru, Karnataka through a technical versatility platform Under the […]
From Oct 15, 2020, the Central Board of Indirect Taxes and Customs ( CBIC ) has explained that the generation of the E-Way Bill facility Get to know about GST E Way bill and its generating process through online and SMS in a simple manner. Also, we have attached original screenshots of official E way […]
The 43rd GST council meeting was held via video conferencing in New Delhi with other states finance ministers. The meeting was very important as the states’ ministers demanding GST rate cut and exemption of COVID-19 supplies via official letter. The union finance ministry has discussed on GST rate on COVID-19 related medical supplies along with […]
