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With the Notification No. 49/2019 – Central Tax dated 09-10-2019 w.e.f. 01-07-2017 authorities made amendments in Rule 61(5) of CGST Rules. Which now states that If return in form GSTR 3B has been filed by a person referred to in rule 61(1) then he/she doesn’t have to furnish the return in from GSTR 3. Due […]
Differently-abled People or Divangjans were facing various problems in vehicle registration, after observing all the problems the Search Results Ministry of Road Transport & Highways (MORTH) has made some changes in the vehicle registration form that will help Divangjans to utilize various financial benefits including but not limited to benefits under GST. Government also updated […]
Find GST rates for scrap material with HSN Code; including plastic, rubber, wood, and paper waste by reading this informative post. What is the Meaning of Scrap? Scrap is nowhere related to GST Laws. One could only see its meaning as per the normal mode of business. However, as per the dictionary, scrap means the […]
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 […]
A scam has been recently revealed by the Good and Service Tax administration, it found that several businesses having businesses with an annual turnover of more than 5 crores wrongly declaring themselves to be below that threshold, to avail several compliance-related relaxations. It is identical to a previous trend where businesses were under-reporting their turnover […]
With the straight fall in the economy, states like Gujarat, Andhra Pradesh, Kerala and Tamil Nadu look out with the highest slump in the first quarter of the financial year compared to the previous financial year. Facts and figures of GST decline of these states show that the Indian economy seems to highly depend on […]
Niranjan Hiranandani, the president of Assocham India, said during an interview that it is the need of the hour to promote and revive the demands for all sectors and the government should take the necessary steps instead of waiting for the COVID 19 vaccine. He also said that the rate of GST (Goods and Services […]
The Central Government is on the way to allow end-to-end private participation in the space sector but experts responded that the country’s legal and policy obstacles can cause some serious trouble. Recently an online discussion was organised on “Unlocking India’s Private Space Sector: Legal and Policy Challenges”, it was organized by the NALSAR University of […]
