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New GST Rule for Recovery from 1 Jan 2022

New GST Rule: Officers Can Make Without Notice Visits from 2022

The government has the power to furnish its recovery councils to your premises to obtain GST excluding any notice if your tax liability has been established in the necessary form is lower with respect to the invoices which is written in the outward supply form must bring. In the concerned GST framework, there are 2 […]

Overview of GST CT Notifications No. 38 and 39/2021

Explanation of Central Tax GST Notifications No. 38 & 39/2021

The 2 GST notifications are furnished dated 21st Dec 2021 so as to draw the specific GST amendments into the compliance imposed from 1st Jan 2022. GST Central Tax Notification No. 38/2021 The same ask for drawing down the imposition of the particular sub-rules of Rule 2 Central Goods and Services Tax (Eighth Amendment) Rules, […]

18 Percent GST Rate Applicable for Govt Contracts

18% GST Rate on Govt Contracts May Impact Infra Projects

GST surge with 18% for the government contracts shall come into compliance in January 2022 and might influence the infra projects and maintenance of the work in states. In the current times, the GST rate for the government is 12%, and the rate towards the private work contract is 18% GST rate. The same point […]

CBIC Clarification Over 5 Percent GST Rate on ECOs

CBIC Notifies GST Cir 167 / 23 /2021 for Clarification of ECOs on New Rate

E-commerce operators (ECOs) such as Swiggy and Zomato shall be subjected to furnish 5% GST upon the restaurant services supplied from 1st January may be heckling with the generation of invoices on their own excluding the restaurants and third parties. In September 2021 it was circulated that the tax liability shall be on ECOs for […]

Important Amendments Under GST

Lookout Tremendous GST Amendments in 2021 for Taxpayers

The GST council and government had released some of the best and exciting amendments and changes to bring forward the most required features to the GST applicability for the common people as well as organizations alike. Some GST amendments in compliance are late fee relaxation, lowering down of provisions doubts and more. You can check […]

Current Scenario of GST E-invoicing for MSMEs

Ups and Downs of GST E-invoicing System for MSMEs Business

The simplicity of business operation for MSMEs In October month the electronic invoicing system (e-invoicing) completed its one-year journey. Towards the micro, small and medium enterprises (MSMEs) business faces the rise and fall through this journey. The framework is tough to work on for the newly arrived people. E-invoicing has been executed by the Indian […]

Every Detail About Salary Slip

All About Salary Slip with Format and Its Important Parts

The Proper Definition of Salary Slip Employee salary slip is a document given by the employer to the employee upon receiving of income every month and has complete details including gross salary to net salary with deductions. All information can be seen in a proper salary format which is prescribed by the government. It shall […]

No GST Levy on Recoveries From Employees

AAAR: Employees Not to Pay GST on Salaries, Insurance, Bills in Lieu of Notice Period

Recently the AAAR again held the decision on the fact GST not applicable on notice payment and allowed canteen services ITC. The judgement of the AAAR Madhya Pradesh has been done in the regarding of M/S. Bharat Oman Refineries Limited [Advance Ruling No. MP/AAAR/07/2021 dated November 8, 2021]. The reversed fact is done on multiple […]

V S Krishnan Views Over GST Rate Rationalization

Important Message on GST Rate Rationalization & Effective Reforms: V S Krishnan

The government, through the approval of GST officials, made a group of ministers beneath the leadership of the Karnataka chief minister so as to build the recommendations upon the GST rate rationalization. The motive behind this is to make a balance between GST revenue collection with respect to industrial competition effectiveness. The effective GST design […]

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