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The government is planning to allot a bit of GST relief to SEZ (Special Economic Zones) for their supplies to Domestic Tariff Area (DTA), declared by a Finance Ministry Official. Above that, the GST department is planning to give some concessions to MSMEs that qualify for the composition dealer category so that they are taxed […]
The government recently rolled out an order declaring that it is going to grant 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. Read more to all the businesses for the orders that were canceled by […]
FICCI writes a letter to FM Nirmala Sitharaman highlighting the saturated position of the business service segment due to the COVID-19 outbreak in India. The business association (FICCI) stressed upon the urgent need for relaxations like GST rate cut, PF contribution support for the business service segment. The sector having the total employee accumulation of […]
The digital advertising sector is urging the government to give them relief in goods and services tax rates amid the corona crises. The Internet and Mobile Association of India (IAMAI) has raised concerns on behalf of the digital advertising sector demanding GST rates View the post GST impact on online advertising business in India. Also, […]
Today, the Rajasthan High Court refused the demands made by the Department of Goods and Services Tax for Rajasthan opposite to the company of Ultratech Cement for unpaid dues of Binani Cement. Binani Cement had faced huge losses in the preceding financial year, and so was not able to repay the loans taken from Bank […]
In the wake of the country’s current situation where the entire economy has collapsed due to the COVID-19 outbreak, the Indian government has taken another big step favoring the businesses and taxpayers. The government on Wednesday declared that it is going to release ‘Custom Refunds’ for around 1 lakh businesses including MSMEs View the impact […]
The startups in India have written a letter to the office of the Finance Minister of India, Mrs. Nirmamla Sitharaman, asking for liquidity support because of the lockdown announced by the government after the outbreak of COVID-19. The letter stated that more than half of the startups will go bankrupt because of the lockdown if […]
In this pandemic time when our country is fighting against Coronavirus Outbreak, the medical organizations have asked the government to think about eliminating GST on sanitizer products and masks Grab the information of revised GST slab rates on consumer products in India, Although the GST council finalized the slab rates like 5%, 12%, 18% and […]
The mobile sector saw a hike in the rates of GST (Goods and Services Tax) from earlier 12% to now 18%. Simultaneous to this hike in the GST rates, mobile manufacturing units have increased the prices of their smartphone models. India surpassed the USA to become the second-largest mobile market in the world and an […]
