The central government has declared the impending alterations in GSTR-1 Table-12 on GST Portal. The government has instructed that from 1st April onwards, it will become compulsary to report minimum 4 digit or 6 digits of HSN (Harmonized System of Nomenclature) Code in Table-12 of GSTR-1 and in Tax Invoice. In this article, we will … Read more
The Central Goods and Services Tax (CGST) Act was authorized, the Punjab and Haryana High Court implied prime facie concern that Parliament was certified under the Constitution to appear with special laws on the issue. In this article, we will discuss Parliament empowered to enact special laws. Parliament empowered to enact special laws Four years … Read more
Goods and Services Tax (GST) is an indirect tax. It is imposed on the supply of goods and services across the country. It has brought uniformity in the indirect tax hierarchy by replacing all the indirect taxes that existed in the pre-GST regime. In this article, we Discuss GST on Banquet and Catering Services. About GST … Read more
As we know GST presently has no such provision to revise or modify a return once it has been filed. While the current system for amending returns is proposed. Therefore, he has to be incredibly alert while filing his GST returns to avoid the suffering of unnecessary reconciliations. In this article, we will discuss the … Read more
The Ministry of Finance has announced the 19th weekly instalment of Rs. 2,104 crore to the States to engage the GST compensation shortfall. Out of this, an amount of Rs. 2,103.95 crore has been acquitted to 7 States and a proportion of Rs. 0.05 crore has released to the Union Territory of Puducherry. In this … Read more
GST stands for Goods and services tax, which replaces the former indirect tax system in India like VAT, E-Duty, Service Tax, and many other indirect taxes. Here, we have given an Overview of GST which includes the definition, its benefits and other information. The GST got an approval on the 29th of March 2017 in the … Read more
The Central Board of Indirect Taxes & Customs has issued an alert for taxpayers. The alert is for various divisions of taxpayers who have not filed their taxes for February. In this article, we will discuss the CBIC Issues Deadline for file GST Return filing. CBIC Issues Deadline The Central Board of Indirect Taxes & … Read more
The GST Council has noticed to earn an extra Rs 1.87 lakh crore in FY21 from the Rs 13-16/litre further cess and surcharges imposed on auto fuels in March/May 2020. In this article, we will discuss on GST Council will decide on oil-in-GST. GST Council will decide on oil-in-GST Amid an objection for the cut … Read more
The Government of India launched the Goods & Services Tax in July 2017. The introduction of GST is the beginning of a new tax regime in India. By shifting to a single taxation rule for all goods and services, the government aims to provide uniformity and determine multiple or compounded tax rate issues. In this … Read more
For one more time, GST collections have increased Rs 1 lakh crore mark for the fifth month in a row in February, rising 7 per cent yearly to over Rs 1.13 lakh crore, symbolising economic recovery, the finance ministry stated. In this article, we will discuss the GST collection in February 2021. GST Collection February … Read more