Understand the Goods and Services Tax (GST) and its impact on businesses. Learn about GST rates, compliance requirements, and its role in simplifying taxation. Stay updated with the latest GST news and updates.
Goods and Services Tax : Steps and key details to file the GST Annual Return (GSTR-9) for FY 2023-24, including exemptions and reconciliation requirements....
Goods and Services Tax : Complete essential compliance tasks by 31st Dec 2024, including filing income tax returns, GST annual returns, CSR reports, and RB...
Goods and Services Tax : The Madras High Court ruled that appeal limitation begins from the rectification order date, not the original assessment order, en...
Goods and Services Tax : Learn about challenges in GST penalties and demands, misuse of provisions, taxpayer grievances, judicial intervention, and suggest...
Goods and Services Tax : GSTR 9 & 9C FY 2023-24 के लिए नवीनतम बदलाव, पुन: मिलान और फाइलिं�...
Goods and Services Tax : 55th GST Council meeting recommends tax reductions, exemptions, and compliance measures, including lower GST on fortified rice ker...
Goods and Services Tax : Simplify GST learning with memory techniques. Join live sessions, master CGST sections, and retain knowledge effortlessly. Registe...
Goods and Services Tax : New updates to the E-Way Bill and E-Invoice systems, including mandatory MFA and restrictions on EWB generation and extension, eff...
Goods and Services Tax : No plans to waive or reduce GST on Khadi products, but some Khadi fabrics and yarn are exempt from GST....
Goods and Services Tax : DGGI investigates 642 offshore entities in online gaming; no reciprocal info-sharing with foreign governments yet....
Goods and Services Tax : Calcutta High Court examines the blocking of IGST credit under Rule 86A in Basanta Kumar Shaw's case due to alleged mismatch in ta...
Goods and Services Tax : Allahabad High Court rules on Rule 86A of GST for blocking input tax credit. Clarifies scope, purpose, and limits of actions under...
Goods and Services Tax : Kerala High Court directed petitioner to prefer an appeal before GST Tribunal within one month of the constitution of GST Tribunal...
Goods and Services Tax : In a recent ruling, the Karnataka HC held that Notice and endorsement issued without waiting for expiry of the appeal period of th...
Goods and Services Tax : Gauhati High Court grants interim bail in a GST evasion case involving ₹10.29 crore. The court emphasized the judicious use of a...
Goods and Services Tax : GSTN announces changes to E-Way Bill and E-Invoice Systems from January 2025, including MFA requirements and EWB generation restri...
Goods and Services Tax : Learn about the new biometric-based Aadhaar authentication and document verification process for GST registration in Chhattisgarh,...
Goods and Services Tax : CBIC appoints GST adjudicating authorities for cases under sections 73, 74, 122, 125, and 127 of the CGST Act. Find details on not...
Goods and Services Tax : Due date for October 2024 GSTR-3B filing for Murshidabad, West Bengal, extended to 11th December 2024 vide GST Notification No. 30...
Goods and Services Tax : GSTN issues Clarifications on discrepancies in Table 8A and 8C of GSTR-9 for FY 2023-24 due to ITC reporting changes. ...
It is likely that the extant central and state levies of indirect taxes on the domestic production and sale of goods and on provision of services may be replaced by the levy of central and state Goods and Services Taxes from 1 April 2010.
States have finally reached a consensus on having two basic rates under the Goods and Services Tax, slated to be rolled out on April 1, 2010. There will be one standard rate of taxation and another low rate of taxation for essential commodities.
The Finance Minister announced a slew of amendments on both income-tax and service tax fronts to achieve the objective of generating economic activity in the present environment of economic slowdown
Asking the state finance ministers to resolve the pending issues expeditiously, the Centre on Thursday said introducing Goods and Services Tax was critical for economic reforms. “We also need to focus on the introduction of GST from April 1, 2010. This is a critical part of our economic reforms,” Finance Minister Pranab Mukherjee said while […]
At present, the tax, which is levied on inter state sale of goods, is at 2%. It was scheduled to be reduced by another 1%, starting April 1, 2009. At the time, the rate cut was postponed on account of the general elections and the Election Commission’s code of conduct. Recently, the empowered committee of state finance ministers wrote to the Union finance ministry recommending that the tax should be completely withdrawn when GST kicks in, as there is massive evasion of VAT (which goes to the states’ coffers).
Direct tax rates may be tinkered by new government that may present its first budget later next month, according to a study. This may be in line with changed taxation policies followed by most governments worldwide to beat slowdown and recession that set in following global financial turmoil.
The new foreign trade policy, which is being prepared by the commerce ministry, will be aligned with the Goods and Services Tax (GST) only after implementation of this indirect tax mechanism. The new policy is likely to be announced by the next government at the Centre by mid-2009, while the GST is likely to be […]
What is a SIM Card? A SIM card is a portable memory chip used in some models of cellular telephones. Features of SIM Card SIM holds personal identity information, cell phone number, phone book, text messages and other data. It can be thought of as a mini hard disk that automatically activates the phone into […]
Following an agreement between the Central Government and the State Governments, the rate of Central Sales Tax was reduced from 4 per cent to 3 per cent in this financial year. It is now proposed to reduce the rate to 2 per cent from April 1, 2008. Consultations are underway on the compensation for losses, if any, and once agreement is reached the new rate will be notified. I am also happy to report that there is considerable progress in preparing a roadmap for introducing the Goods and Services Tax with effect from April 1, 2010.
