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The union minister Nirmala Sitharaman has announced multiple relief packages to the industry and taxation sector in the view of coronavirus pandemic. Under the latest announcement, the union finance minister has relaxed due dates of income tax returns, goods, and services tax. Also, the ministry has offered help in the finance sector with relief packages. […]
GST department is soon going to come up with measures to duly verify the exports and are also planning to install a standard operating procedure (SOP) for on the stop verification of suspected taxpayers. This would prove to be an excellent step towards eradicating tax evasion from the country. In the National GST Conference of […]
The Authority of Advance Ruling (AAR) stated in a ruling that all the goods supplied under the Turn-key Contract– having some independent contract- out of which those contract that does not come under the nature of works contract, will not be categorized under the value of the contract- in the nature of works contract just […]
The new indirect tax, GST (Goods and Services Tax), has been in the economy for more than two and a half years now. It was launched claiming that its implementation will be beneficial for the economy and will bring smoothness in the process of tax payments, but the micro, small and medium scale industries (MSMEs) […]
The details about the GST rate on the sale of the printing press are provided here. You will get all the up-to-date information, changes and notifications in this post. But before knowing the GST rates we need to know about the meaning and definition of Job Work. 19th September 2022 Meaning and Definition of Job […]
The Goods and Services Tax Network announced that it has successfully released a new help and customer care desk to solve and listen to the grievances of the general public related to the latest indirect tax GST. The line will be open for all days despite any holidays for both the taxpayers and the general […]
During judgment of a recent case, the Customs Excise and Service Tax Appellate Tribunal (CESTAT), Bangalore has stated that Service Tax Refund paid are not applicable to subsequent GST invoices In a recent announcement, the Finance Ministry has said that no GST invoice will be required for the goods that were taken abroad for exhibitions […]
The panel head and Finance Minister Nirmala Sitharaman declared that there will soon be alterations in the GST rates for various goods and services that are expected to be the yearly affair rather than a subject of frequent amendments. Further stating strong defiance against the process of frequent amendments in GST rates she said that […]
It’s been a few days left for the Union Budget 2020 presentation to take place in Parliament and the trade body Federation of Indian Chambers of Commerce & Industry (FICCI) has put forth another proposal. FICCI is sighing for excise duty benefits for the producers in the petroleum sector What will the scenario if petrol […]
