The most recent GST update is that as per the new criteria, Interest on PPF and Savings Bank Deposit shall be accounted for deciding threshold for GST registration. Let us understand this update in detail. Role of Interest on PPF, Savings Bank Deposit in GST registration The value of some of the non-taxable incomes … Read more
Those traders who had filed the cancellation of their GST registration can easily restore their GSTIN in time. Recently, the 40th GST Council Meeting was held. The GST Council has given several recommendations on GST Law & Procedural changes. One of them is that time-limit to file a revocation of the canceled GST registration is … Read more
Have you ever thought how much GST on Roti and Paratha is there? The Karnataka Government has recently given ruling regarding the same. In the view of the Karnataka Government, the Rotis and Parathas that people order online for their meals must be subject to different GST rates, as they are 2 distinct kinds of … Read more
The 40th GST council meeting was held on Friday under the leadership of FM Nirmala Sitharaman. Here are key 40th GST Council Meeting Updates. The meeting was conducted via video conferencing. Important 40th GST Council Meeting Updates The GST Council has given several recommendations on GST Law & Procedures changes. Here are the key … Read more
The GST department has given a major relief to taxpayers by making GST Return Filing easier like never before! The tax department has allowed them to file NIL GSTR-3B Return easily through SMS. This is indeed a great relaxation for the 22 lakh taxpayers having GST registration who earlier had to log in to the … Read more
The Delhi government has announced that Special Corona Tax on Delhi Liquor shall be now lifted. In the wake of the Novel Coronavirus disease or COVID-19, the government had further extended the Lockdown till 30th June 2020, under the Disaster Management Act, 2005. The sale of alcoholic beverages was permitted during the lockdown, but the … Read more
Amid the COVID-19 crisis, petrol and diesel price have shot up drastically. Here we will be discussing the rise in petrol and diesel price. The country is currently in the 4th phase of a nationwide lockdown with few relaxations to curb the spread of the deadly COVID-19 disease. How have the petrol and diesel … Read more
The Government has exempt GST on PPE kits, and this has both negative & positive sides. As we all know the Coronavirus pandemic is unceasingly growing and no vaccine has been developed as yet. One of the essential commodities during this time is the PPE kit. The government has exempt GST on PPE kits. However, … Read more
The GST department has now extended the due date of filing GSTR-9 & 9C for all the taxpayers having the annual turnover of INR 5 crore. As we know, the entire world is facing the blight of the Novel Coronavirus pandemic, or the COVID-19. The increasing number of cases of Coronavirus infection is a matter … Read more
The Government has introduced various GST relaxations amid the Lockdown 3.0 that will continue till 17th May 2020. As we know that the world is caught into a great economic depression due to the COVID-19 pandemic. Due to the adverse impacts of the economic recession on the Indian small businesses during COVID-19 lockdown, the Indian … Read more