Search results for: GST council

CBIC said to the field officer to do prudence as well as maximum caution in attaching the assessee’s property and directed that these are the precautions that are to be acknowledged for GST evasion. Bogus invoicing and lateness of more than 3 months in depositing the tax received. Through some regulations, the CBIC had come […]

Various states are ready for petrol and diesel to come under the GST regime opposite to the perception that they are against the concrete proposal which includes the compensation mechanism through the center. West Bengal Finance Minister Amit Mitra directed besides problem discussion says the union might not be interested to take the amendment as […]

For the 5th continuous month, the Centre’s goods and services tax (GST) collection attained at Rs 1 trillion marks in Feb month. As per the government, this was the outcome of the implemented activities so to enhance the recovery inside the economic activities. With the same speed, the government can effectively meet the amended GST […]

The government’s resolution to abolish the GST annual audit with some important GST will assist at least 10 million firms to save their audit fee whose worth is nearly Rs 30k cr yearly and while cutting the compliance burden 2 councils with direct knowledge of the matter stated upon the anonymity. But the accountants are […]

Office bearers of the Institute of Chartered Accountants of India meet Finance Minister Nirmala Sitharaman so as to have the consequences of the move to dispense with audit beneath GST act. They urged the government’s move to rectify the compliance of the law for the easy functioning of the trade and business sector. They show […]

The tax council was checking out the country’s biggest Pvt hospital to find that they have to file the GST on food provided to get admitted the patients. As per the present guidelines GST will not be applied towards any service which is given by the hospitals except they are concerned with cosmetics, including cosmetic […]

Rajasthan High court has canceled the classification provided through the Union government that had permitted the council to impose the goods and services tax (GST) on a particular section of the power supply. There is zero GST rate Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized […]

There is an expectation of Rs 1 lakh cr GST collection for the straight 5th month in Feb converting it to the highest sustaining collection ever where its indirect tax regime was launched in July 2017 which shows the reliable economic return. The early prompts like the GST e-way bills generated Get to know about […]

Towards shouting over the higher petrol and diesel prices the central finance minister, Nirmala Sitaraman directed that the center, as well as the state government, need to execute the mechanism to bring out the retail to the reasonable levels. The 60% of the retail petrol price which currently lies above Rs 100 in some areas […]