For the one more time, GST collections in January reached over Rs 1.2 lakh crore, crossing Rs 1 lakh crore targets since December, November and October last year. In this article, we will discuss on GST collection January 2021. GST Collection January 2021 The Central Government has announced the gross GST revenue collected in January … Read more
Budget Finance Minister Nirmala Sitharaman announced Union Budget 2021-22 on the 1st of February, 2021. This Budget assumes enormous importance and effective as it comes amid the novel coronavirus pandemic, which has led to massive economic disruption in India and around the world. In this article, we will discuss on Union Budget 2021 and its … Read more
The Central Board of Indirect Taxes and Customs (CBIC) has proposed a new rule to provide restrictions on utilization of the amount available in electronic credit ledger. Rule 86B is already made effective from 1st January 2021. In this article, we will discuss Rule 86B on Input Tax Credit and Its Impact In GST. Rule … Read more
The Central government has announced the notification to bring natural gas under the Goods and Services Tax (GST) regime to realise Prime Minister insight for a gas-based economy and boosting the stake of the environment-friendly fuel in India’s energy basket. In this article, we will discuss on Tax liability on the supply of CNG. Tax … Read more
The CBIC has published the decision to mandatory declare the HSN code for goods and the SAC code for services was taken in 42nd GST Council Meeting held on 5th October 2020. In this article, we will discuss on Declaration of HSN Code for Goods and Services. Declaration of HSN Code for Goods and Services … Read more
For the one more time, GST acquisitions in December reached over Rs 1.15 lakh crore, crossing Rs 1 lakh crore targets since November and October this year. In this article, we will discuss on GST collection December 2020. GST collection December 2020 The Central Government has proclaimed the gross GST revenue collected in December 2020 … Read more
The Department of Expenditure has issued the statement for the twelfth weekly instalment of Rs 6,000 crore to the States and Union Territories to reach the GST compensation shortfall. In this article, we will discuss on 12th GST compensation shortfall Instalment of Rs. 6000 cr. 12th GST compensation shortfall Instalment of Rs. 6000 cr The … Read more
CBIC has issued the notification for the Aadhaar Authentication facility, which has now available on Goods and Service Tax (GST) Portal. Also, it will help the taxpayers to authenticate Aadhar of Partner, Promoter and Primary Authorised Signatory. In this article, we will discuss on Aadhar Authentication for Existing GST. Know about Aadhaar Authentication Aadhaar authentication … Read more
As we know, Hydroponic farming is setting uproots all across India. Hydroponics and other soil-less farming methods can assist to take the agriculture and farming industry to the next level. Also, there is a lot of confusion about the concern of Hydroponic Farming, if it is taxable or not. In this article, we will discuss … Read more
The Central Board of Indirect Taxes & Customs (CBIC) initiated Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme under Goods and Services Tax (GST) to assist small taxpayers whose turnover is less than Rs.5 crores. The QRMP scheme enables the taxpayers to file GSTR-3B on a quarterly basis and pay tax every month. … Read more