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GST Council to Amend GSTR 3B & New Platform for E-invoices

GST Council May Concern GSTR 3B Changes & E-invoices Platform

Goods and Services Tax officials would discuss some amendments in the law it is seeing to introduce, notified by CNBC-TV18. The same shall consist of the changes to GSTR-3B the monthly GST return which is to get furnished via assessee among the others. GST officials would notify the ease compliance bottlenecks for the e-commerce suppliers […]

Best and Worse of 5 Years GST Compliance

Summary of Best and Worse in 5 Years GST Compliance Period

5 years before, on July 1, 2017, India had started the biggest amendment in its indirect tax system through the GST that would improve the complete indirect tax structure and lastly amend tax administration and compliance. In the former 5 years, the GST implementation proves to be a ride like a roller coaster for the […]

GoM to Discuss GST Rates Shifing - 5% to 7% & 18% to 20%

GoM Meeting Fixed on 17th June to Shift GST Rates, 5% to 7% & 18% to 20%

Karnataka Chief Minister Basavaraj Bommai-led group of ministers (GoM), GST council has set up the same in the former year to recommend the methods towards increasing the revenue by rationalizing tax rates and amending the anomalies in the tax framework, seems to meet on June 17. Ministers would discuss the proposal to transfer the rate […]

Maharashtra AAR's Order for Monalisa Co-Operative Housing Society Limited

MH AAR: GST Levy on Receipt of Voluntary Charge from Members

The Maharashtra Authority of Advance Ruling (AAR) including T.R. Ramnani and Rajiv Magoo held that GST is subjected to pay on receipt of gratuitous payment from outgoing members. The petitioner has a co-operative housing society registered under the Maharashtra Co-operative Housing Society Act (MCHS Act) holding 48 flats that impose its member’s maintenance charges according […]

4 States' GST Collection Report in May 2022

May 2022 GST Revenue of Maharashtra, Odisha, Kerala, Gujarat

Odisha, Kerala, Gujarat and Maharashtra GST revenue collections are shocked as per the May 2022 report by suddenly increasing and dropping big differences in last month’s same year’s percentage. The post includes all the revenue generated by state governments in the given time period. One can determine the overall GST collections and can compare them […]

Exemption May Soon on GST Registration

GST Registration Exemption Rule May Soon for Small E-commerce Traders

In a provision that increases the space of small companies via e-commerce, small online sellers might be privileged from GST enrollment and the discussion is amid the union and state governments on the same subject. “Tax experts specified that Representations have come from the industry and trade to bring parity between online and offline sellers […]

UP Tops in Small Entrepreneurs' GST Registrations

UP Beats MH, KA and GJ in Counting of Entrepreneur GST Registrations

The state of Uttar Pradesh has the largest number of businesses in the country enrolled to furnish GST with the small businesses accounting for the portion. The same build the most populous state in the country for the small entrepreneurs. There are nearly 357000 small businesses in Uttar Pradesh that are enrolled beneath GST which […]

GST Instructions on Force Recovery in Time of Investigation

CBIC Notifies GST Instructions 01/2022-23 on Force Recovery

The tax counsel would now suffer the execution when an assessee makes the voluntary payment of the tax in an investigation. The Central Board of Indirect Taxes and Customs (CBIC) rendered its field formation that the tax recovery dues must be executed by complying with the last legal process post to issuing the adjudication order […]

Delay GST Rate Rationalisation Due to Inflationary Problems

High Inflation Rate May Slow New GST Amendments on Products: Sources

As the current inflation is running it is not expected to change the GST rates on the goods and services.  Goods and services would get taxed in four slabs of 5%, 12%, 18%, and 28% beneath the GST regime. It was acknowledged to diminish these tax slabs reaching three, a practice that engaged raising the […]

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