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GST on Composition Scheme Final Costing

Impact of GST on Composition Scheme Final Costing

The composition levy scheme is an optional scheme for small taxpayers to reduce their tax burden in the easiest, legal and convenient way. It is a voluntary scheme by the Central Board of Indirect Taxes These types of taxes paid on Consumption by the consumer but they do not pay directly to the government (unlike […]

Digital Payment to Step-up GST Revenue

GOI to Bolster Digital Payment to Step-up GST Revenue

Tax officials lay a bad trip on B2C sales as a major reason behind emanation of government revenue that comes in the form of goods and services tax (GST). B2C transactions are prone to tax skipping as consumers pay in cash for products & services to the shopkeepers without generation of bills by them. To […]

Bengal FM Calls GST Council Meeting

Bengal FM Calls GST Council Meeting Over Tax Frauds

Urging on the need to call for a GST council meeting, Bengal Finance Amit Mitra said that there should be a meeting to discuss the unsteady GST collections, various GST rates Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like 5%, 12%, 18% […]

New GSTR Filing System

Country-wide Demonstration of New GSTR Filing System on Dec 7th 2019

The new filing system is starting up on April 1, 2020, the demonstration session about the same shall be first conducted by the Goods & Services Tax (GST) department adhering to the orders of Finance Minister Nirmala Sitharaman.  FM has given orders to the GST dept to organise demo & consultation sessions for new return […]

Solved Questions Income Tax Return Filing

Solved! Major Queries Related to Income Tax Return Filing

Income tax is a mandatory return to be filed by every taxpayer once a year and here we will gain some basic as well as important insight into the Income tax-related question with the help of relevant frequently asked questions on income tax returns. We will go through the FAQs with an easy and meaningful […]

Facility Re-open to File or Revise Tran-1

GST: Facility Re-open to File or Revise Tran-1 Form on Punjab & Haryana HC Orders

Supreme Court Stayed Punjab Haryana GST Tran 1 Form Orders In a recent turn of event, the supreme court has stayed the orders of Punjab and Haryana high court which had asked the GST department to reopen the facility of filing and revising the GST TRAN 1 form in both manual or electronic format. Goods […]

GST Review Panel

GST Review Panel to Explore Ways to Increase Revenue & Catch Defaulters

Discussion will be held in its 1st meeting among the centre & state official of GST review panel which formed last week, regarding the measures to heat up the administration against the Goods & Service Tax (GST) offenders caught by the software especially invented for detecting the deceitful acts such as tax evasion and false […]

Digitalisation of GST Refunds

Complete Digitalisation of GST Refunds With Single Authority Disbursement

Refund application goes online and the authority for the payment of these refund goes in a single hand. Now the taxpayers shall file refund application online/ electronically in form RFD-01 whereas the disbursement of GST refund will be done through the Public Financial Management System (PFMS) by the certified bank of Central Board of Indirect […]

Revise Tax Invoice Under GST

All About Revise Tax Invoice Under GST with Debit & Credit Note

Filing GST is a massive task involving document compilations, computations, GST calculations, verification and so on. People with deficit knowledge are often seen struggling with GST filing and reviewing documents for accuracy. GST invoice is one of the major components used while computing tax, one wrong invoice will affect the figures in GST returns leading […]

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