Big relief for composite GST taxpayers, the Institute of Chartered Accountants of India (ICAI) has written to the GST Council asking for an extension of GST annual return filing for FY19. Let’s understand in detail – Due to the COVID-19 pandemic, The Institute of Chartered Accountants of India (ICAI) has written to the GST Council … Read more
As we know Advertisement plays an indelible part of business growth and acts as a tool for communicating the products and services offered by the seller to its prospective buyers. Since there are diverse ways in which advertisement services are provided, it becomes important to understand their taxability provisions from the GST perspective. In this … Read more
The Central Board of Indirect Taxes and Customs (CBIC) have provided the new GST functionalities for TCS, Composition Taxpayers and e-commerce operators. Let’s understand in detail – Recently the goods and services network (GSTIN) portal has made some new GST functionalities for TCS. This has made some relaxation in the GST return filing procedure for … Read more
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
In the era of digitalization, many online platforms have opened the door for an online platform to sell and purchase goods and services. As we all know, Amazon is one of the highly-rated e-commerce portals where one can easily sell and buy products online. Amazon India was launched in the year 2013 and presently trades … 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