Inspired by the continuous increase in tax compliance ever since the launch of the goods and services tax regime, the GST Council has set the target for GST revenue for the ongoing financial year (FY19) at Rs 12 trillion.
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Inspired by the continuous increase in tax compliance ever since the launch of the goods and services tax regime, the GST Council has set the target for GST revenue for the ongoing financial year (FY19) at Rs 12 trillion.
The data for tax revenue generated for the financial year 2017-18 has been released and the increase in tax revenue post-GST implementation has not met the expectation of the Delhi government.
The food coupon providers, catering industry and companies arranging food for employers are facing difficulties in filing GST as the tax rate varies from 5% to 18% which is not particular and rely on the category you consider them.
GST E-way Bill which is implemented starting 1 April for interstate and 15 April for intrastate transportation of Goods will see some relief as the apex authority can simplify the verification process.
The agenda for the 27th meeting of the GST Council on 4th May 2018 has been set. The primary agenda that would occupy a major part of the discussions is the simplification of return filing process.
According to the plans for rolling out significant GST E Way Bill system for the intrastate transportation of goods, it is the time to roll out the 3rd phase of GST for the states like Arunachal Pradesh, Madhya Pradesh, Meghalaya, Sikkim, and Puducherry.
Indian newsprint manufacturers have asked to clarify GST rules regarding newsprint, including the definition of newsprint, the condition of ‘actual user’ and producer and its applicability in the post-GST regime, and whether third parties can sell or buy newsprints.
Under the goods and services tax regime, every taxpayer is supposed to file their taxes as of 20th August 2024 which is the due date for the filing of GSTR 3B and GSTR 5A without penalty. GSTR 5 form due date is 13th August 2024 for the month of July 2024. GSTR 5 is filed […]
The recent action of Supreme Court in regard sending notices to Ultratech Cement Ltd. for credit reversal is an indication of gazing on another manufacturer.