News & Update

April 22, 2019

Delhi HC issues a notice regarding Circular levying GST on Renewable Energy Certificate Scrips

Delhi HC issued a notice to Revenue in writ challenging Circular No. 46/20/2018-GST levying 12% GST on Renewable Energy Certificate (REC) scrips. It noted the Petitioner’s […]
April 17, 2019

List of Major Changes made in the ITR Forms

Some major changes in the Income Tax Returns (ITRs) were notified by the Govt. The taxpayer will now have to provide additional details such as days […]
April 15, 2019

Vidhi Centre report recommends legislative changes to strengthen GST

The launch of GST evoked an unprecedented range of emotions and eagerness about the legal and political schemes to transition to the GST regime. Given the […]
April 15, 2019

GST most likely to undergo a change irrespective of the election result

The controversial Goods and Services Tax (GST) is all set for a refit regardless of who comes to power in the forthcoming elections. Top finance ministry […]
April 12, 2019
GST Changes

What are The Major Changes in GST w.e.f 1st April 2019?

With the beginning of the new Financial Year of 2019-20 CBIC (Central Board of Indirect-Taxes and Customs) has issued some important notifications to bring the GST […]
April 11, 2019

E-Way Bill Reporting Mechanism to be Improved [Report]

Owing to the mismatches in e-way bill submissions, the Centre is scrutinizing GSTN data to see if it should consider withdrawing the facility of generating multiple […]
April 10, 2019

BJP Manifesto to continue with GST simplification ensuring stable tax regime

The BJP economic policy aims at lowering the tax rate, improving compliance, and broadening the tax base. The improved compliance and increased tax base have resulted […]
April 5, 2019
gst return

Roll-out of new GST return filing format delayed

The roll-out of new GST return forms from April 1 has been delayed. The same would be made available once the software is ready. The GST […]
April 4, 2019

Sun-cured tobacco leaves classifiable under HSN 2401 and taxable at 5%

Kerala AAR held that sun-cured “Tobacco leaves” known as “Kannipukayila” only used for chewing is classifiable under HSN Code 2401 liable to 5% GST (2.5% CGST […]
April 3, 2019

AAR classifies polypropylene mats under Chapter 46 is taxable at 5%

Kerala AAR held that polypropylene mats (plastic mats, commonly known as ‘satranji’) manufactured by plaiting together polypropylene mono-filament strips and the like of plastics fall under […]
March 29, 2019
Goods demand after GST

No Consensus on ‘Why Consumer Goods Demand Increased After GST?’

As the supply-chain emerged from the initial commotion caused by Goods and Services Tax, the number of consumer goods makers increased surprisingly. There is no consensus […]
March 19, 2019
GST Affecting India

Is GST Affecting India’s Clean Energy Transition?

India is undergoing a clean energy transition. This transition must not only advance climate commitments but also development needs and economic priorities. However, as we tread […]
March 18, 2019
Revolutionary Effects of GST

Revolutionary Effects of GST in India: Pros V/s Cons

There were certain basic objectives behind the introduction of GST. One was to substantially reduce (if not eliminate), the cascading of taxes by providing a seamless […]
February 18, 2019

6 Major changes in GST Portal to Help Small Businesses

Some of the most significant updates have been made to the GST Portal in last week which contains various specific features. These advanced updates will bring great […]
December 22, 2018
31st GST Council Meet

Highlights of the 31st GST Council Meet

The 31st GST Council Meet concluded on December 22nd, 2018 at Vigyan Bhawan in New Delhi. It was chaired by Finance Minister, Sh. Arun Jaitley along […]
December 21, 2018
GST AAR Maharashtra

Judgments by Maharashtra Authority for Advance Rulings (AAR) under GST

AAR: Rules in applicant’s favor, reimbursement of salary on behalf of a foreign entity, not liable to GST Maharashtra AAR held that the applicant engaged in […]
December 17, 2018

The GST Council to Further Rationalize the Highest Tax Slab of 28%

As per the announcement made by India’s Finance Minister Mr. Arun Jaitley in the Budget 2017, ‘the Indian Government is highly focused on absolute development of […]
December 8, 2018
gst annual return due date

Extension of GST Annual Return Due Date

Although GST has successfully covered a long walk in India, yet a large number of taxpayers across the nation feel it be difficult. Lack of awareness […]
November 30, 2018
GST Due Dates

Extension of GST Return Due Dates

The entire social and business life have got badly affected due to the catastrophic cyclone appeared recently in two Indian states i.e. Tamil Nadu and Andhra […]
November 27, 2018
e way bill fastag

E-Way Bills will now be linked with FASTag and LDB

With a strong view to making the E-way Bill mechanism more efficient and transparent, the Govt. of India is going to introduce new terms to E-Way […]

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