Recent Notification issued by the Government of India notified on new eligibility, and guidelines for Udyam Registration for Micro Small & Medium Enterprises(MSME). Every business has to obtain GST registration and file Income tax return on or before 31st march 2021 to sustain the validity of the MSME Certificate. According to the Government’s revised guidelines, MSME is now placed under the … 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
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
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