The 43rd GST Council Meeting was a much-anticipated meeting considering the demands of the industry for extension of compliance requirements and other relaxations and benefits in imports etc. The first few months of year 2021 were one of the best in terms of GST revenue for the government despite the havoc created by the ongoing […]
The Central Government with an intent to provide relief to the taxpayers to a certain extent has issued the below set of notifications granting relief in the form of waiver of interest, late fee, extension of various GST compliances etc. The below table captures a gist of the notifications: Notification No Details of the notification […]
Turnover is the very essence of every business in existence. In common parlance, it is the total volume of sales, be it of goods or services or both, done by the company during the year. In GST, the turnover bears greater significance as it is what defines whether the business has to register in GST or not.
With it objective to make India an ‘Atmanirbhar Bharat’, another initiative was approved by the Central Government in the form of Production Linked Incentive (‘PLI’) Scheme for White Goods (Air Conditioner and LED Lights) with a budgetary outlay of 6,238 crore. Period of implementation – The scheme will be implemented over the period FY 2021-22 […]
