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The taxpayers in India have got a big relief ever since the government passed the new GST Act. With the implementation of the new GST Act, the cascading effect of various taxes has been diminished by the government to a greater extent. Thanks to the new GST regime based on the ‘One Nation, One Tax‘ […]
With the finalization of Lok Sabha election results, the finance ministry is full-fledged ready with the 100-day agenda for the new government. The preparation of this agenda is a step taken by the FinMin, after receiving orders from Prime Minister’s Office, with the antecedence motive of boosting the economy which declined to 6.6 per cent […]
As per the Economic point of view of the OECD, there will be an increase of 7.50 per cent in the strength of the Indian economy by the year 2020. A new income scheme will be set for the small farmers will help in rural utilization. There will be an increase in Investment growth because […]
While filing the returns, there are possibilities that the taxpayers might face the errors and there are also relevant GST error codes displayed on the screen. So to solve this problem we have come up with this GSTR 1 error code of JSON, under this article we will provide you with the solutions to such […]
The collection of GST (Goods and Services) was the highest in the month of April till now but this sudden increase in the GST revenue is far from the sight of becoming the permanent norm. In April 2019, the GST revenue increased by 10 per cent i.e. INR 1.13 trillion ($16 billion) as compared to […]
GST system is not likely to curtail the large deficits of State Government due to rising social sector expenditure and capital spending. According to reports, the Goods and Services Tax (GST) regime in India is improbable to eliminate the deficits of state governments significantly. The large and increasing expenditure requirement for the social sector and […]
CARE Ratings, the research and rating firm has estimated that the collection of the gross GST (Goods and Services Tax) for this FY will range between INR 12.60 lakh crore to INR 13.40 lakh crore for which the monthly collection must range between INR 1.05 to INR 1.12 lakh crore. The firm analysed the indirect […]
Traders of Tamil Nadu urged to look into the GST (Goods and Services Tax) and make changes in it. They also demanded to remove the 18 per cent of the collection which is charged for bank transactions and to include the diesel and petrol under the GST. As on 5th May the Traders day was […]
The CBDT (Central Board of Direct Taxes) will make an agreement with the GSTN (Goods and Services Tax Network) about the formal data exchange mechanism so that the Income Tax department and GST authorities can automatically share the information of the taxpayer between each other. As per the CBDT order that has been issued on […]
