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The lock-down of offices, shops and other businesses due to the outbreak of coronavirus will affect the GST collections for March and April. According to experts, the hit can not be embraced even by agreeing to the demands of taxpayers to extend the due date of filing GST returnsView the due dates of GST return […]
The Central Board of Indirect Tax and Customs (CBIC) announced in an official notification stating that all the foreign airlines working in the country will be exempt from filing the Reconciliation Statement & Certification in form GSTR 9C to Central Goods and Services Tax Rules, 2017. Under section Section 44(2) of Goods and Services Tax […]
Finance Minister Nirmala Sitharaman, head of Goods and Services Tax (GST) Council, on Saturday announced that the GST Impact on mobile phones Grab the knowledge of GST (Goods and Services Tax) impact on mobile phone manufacturers in India. The experts’ opinion puts light on the major areas of affect. Read More will be increased from […]
Tax Evasion is still prevalent on a very large scale in India as taxpayers are now deemed to have given false information of sales in self-declared returns to escape tax levy. Mentioned under the provisions of GST, all e-commerce portals (except service based websites) are expected to get their businesses registered under GST Network. No […]
On Tuesday, 3rd March 2020, a parliamentary panel proposed a reduction in GST rates for the Automobile Sector of the country. It recommended that the GST rates imposed should be reduced at least until the Automobile Sector revives in full. It also said that uniform road taxes What is One Nation One Road Tax? One […]
In commemoration of 44th Civil Accounts Day, the Finance Minister Mrs Nirmala Sitharaman addressed the public saying that the introduction of new Indirect Tax GST What is GST and why it matters to you? Read out all impacts, including pros and cons of Goods and Services Tax on you and Indian government economy. Read More […]
India Cellular and Electronics Association (ICEA) has foreseen that the government might increase the rates of GST on mobiles and electronic items. ICEA is basically a regulatory body for mobile and electronic industries. The organization has urged all the states not to entertain any proposal of GST rate increase (presently 12%) on such items. Adamant […]
The 39th GST Council meeting has been concluded on 14th March 2020 in New Delhi in the chairmanship of Union finance minister Nirmala Sitharaman and other panel ministers. The GST Council has taken some of the firm decisions based on the requirement of the market. Also, the Infosys which is the main developer of the […]
Recently, the senior officials for the Finance Ministry of India have announced that hacking the government GST database and its associated infrastructure present on the GST Network (GSTN) can lead to an imprisonment of 10 years. The finance ministry declared the GST database and its associated architecture as “protected systems” under the Income Tax Act. […]
