As we know the security services play a vital role in every sector like technical Security Services, personal security services, event management security services etc. Also, it ensures to protect against crimes. From the date of the implementation of GST i.e 1st July 2017 till 31st December 2018, GST on security services was payable by … Read more
The 41st GST council meeting was held on Friday under the leadership of honourable Finance Minister Nirmala Sitharaman. The meeting was conducted via video conferencing. The GST council meeting members discussed “GST compensation to states”. Here are key 41st GST Council Meeting Updates. Important 41th GST Council Meeting Updates GST Collection has been critically impacted … Read more
With the period of time, the GST department took several steps to smoothening and fasten the GST registration process for the business taxpayers. Now, the Central Board of Indirect Taxes issued new guidelines that require Aadhar mandatory for GST Registration and Aadhaar Authentication by an OTP in the GST Registration application. The government has issued … Read more
As we all know, Transportation plays a vital part in the economy, as any difficulty in transportation disrupts the entire business channel. However, as per the National Highways Authority of India, about 65% of freight and 80% of passenger traffic is transported roads. Transportation of goods by road taken by transporter or courier agency. In … Read more
The GST department has recently announced that the ban on deemed approval of GST Registration shall now be lifted soon. As we know that the country was under complete lockdown since 25th March 2020, on account of COVID-19 pandemic. There were many people who had filed applications for GST Registration, which were being deemed approved … Read more
The 40th GST council meeting had cleared regarding the late fee on GST return filing. We shall today discuss the minutes regarding the GST late fee. Great Relief! Businesses can file GSTR-3B without DSC during COVID-19 Lockdown Interest on Late GST return filing Taxpayers can file returns thanks inside March, April, and May 2020 by … Read more
The Ministry of finance of the Indian government has passed one announcement. This is regarding the revocation of the cancellation of GST registration. Let us understand in detail regarding the one time chance for revocation of cancellation of GST registration. Guidelines for Cancellation of GST registration As per the subsection (2) of section 29 … Read more
Now, you will need to pay for ready-to-eat Popcorn 18% GST. The Gujarat Bench of the Authority of Advance Ruling (AAR) has stated that the rate of the GST on popcorn in India should now be raised to from 5% to 18%. Let us understand this new concept GST on popcorn in India. Authority … Read more
GST Authority has now said that now overseas sale and purchase of Goods is subject to GST. It is observed that domestic organizations buy goods from foreign countries and sell to other countries. Now those firms who are into export business will have to pay GST on relevant transactions. Even if the firm says that … Read more
With the spread of the coronavirus, GST registration is facing huge delays. Obtaining a new GSTIN has become a bit difficult due to the COVID-19 lockdown. Delay in New GST Registration Process due to the lockdown New GST registration has been getting delayed to an extent of 60 days and if the situation gets … Read more