News & Update

June 24, 2019
GST Commistioner

GST Commissioners are Continuously Watching and Monitoring Your Business

The National Anti-profiteering Authority (NAA) has proposed a Standard Operating Procedure (SOP) for all Central and State GST officers to keep an eye on top 20 […]
June 22, 2019
Hignlights of 35 GST council meet

Highlights of the 35th GST Council Meet

After swearing in of the Modi led new Government, the 35th GST Council Meeting was the first meeting of the Council that took place under the […]
June 21, 2019
ITR Filing

Know All About ITR: Last Date, Penalties & Other Details

Due Date and Eligibility The last to file your ITR for FY 2018-19 is approaching – July 31st 2019. Individuals and the Hindu Undivided Family (HUFs) […]
June 20, 2019
Electric vehicles gst rate

Electric Vehicles May be Brought Under 5% GST Rate Slab

India may cut the Goods and Services Tax on electric vehicles to 5% from 12% to boost the sector that’s a high priority for the new […]
June 19, 2019
GST Issues

The 8 Issues Fixed By GSTN To Ease The Burden On The Taxpayers

Although the Goods and Services Tax (GST) is all set to complete 2 years of implementation, the issues or defects are still in existence. These issues […]
June 18, 2019
gst complience

How is the Government Improving GST Compliance?

India is now set to complete two years of the GST regime, the biggest tax reform since independence. The authorities are constantly working on improving the […]
June 17, 2019
GSTR9 Mismatch

How Can You Avoid The Credit Mismatches While Filing GSTR-9?

Taxpayers are preparing themselves to file their annual returns in form GSTR-9 this month. The annual return includes the data filled in by the taxpayer in […]
June 14, 2019
GST Rates

GST Rate on Footwear Might be Lowered to Promote Growth & Exports

With a view to promoting growth and exports, the leather exporters have urged the finance ministry to lower the rate GST on footwear. P R Aqeel […]
June 13, 2019
GST Slab

More Items are Likely to be Phased out from the Highest GST Slab

India could review the GST structure to reduce the number of items in the highest slab of 28% as it attempts to stop the decrease in […]
June 12, 2019
GST Return

Government Introduces New GST Return System for Taxpayers

The Govt. has introduced a transition plan for taxpayers under the Goods and Services Tax to switch to new simpler return forms. With a view to […]
June 10, 2019
GST Turn Over Threshold for e-Invoice

GST Turnover Threshold for e-Invoice may be Fixed at ₹ 50 Cr in the Next Meet

The GST council would next meet on June 20, 2019, and is likely to propose ₹ 50 cr as the t/o threshold for entities to generate […]
June 7, 2019
Last-Date-GSTR-Filing-30-June-Blog

The Last Date to File GST Annual Return will Continue as June 30

The Union Finance Ministry, on Tuesday, issued a detailed clarification on the GST annual return filing. The last date to file returns will remain June 30. […]
June 6, 2019
Form-16-Date-Extended-Blog

Last Date for Employers to Issue Form 16 Extended by CBDT

The Central Board of Direct Taxes has extended the last date for the employers to issue Form 16 to July 10, 2019 (earlier June 15). Consequently, the […]
June 4, 2019
Govt-begins-Identifying-and-Investigating-shell firms-BLOG

Govt. Investigates Income Tax Returns and GST Claims Discrepancy: Identifies Thousands of shell Firms

The Govt. is now fully prepared to take adequate action against tax and money laundering with the help of data analysis to detect overstated Goods and […]
June 3, 2019
GST-rate-cut-may-reduce-blog

Companies Pitch for GST Rate Cut as the New Govt. Takes Charge Second Time

Companies across sectors like durables, automobiles and real estate have been lobbying hard for a Goods and Services Tax cut as the Narendra Modi-led NDA Govt. […]
May 31, 2019
From TDS, TCS to Filing ITR

5 Important Dates – From TDS, TCS to Filing ITR

An individual or company is required to share their incomes and gains in a statement to the department. The rules and norms of Income Tax are […]
May 30, 2019
GST Changes

Five GST Fixes that Modi Government Needs to Implement

On July 1st, 2019, the Goods and Services Tax (GST) shall be completing its two years of getting implemented. Inspired by the idea of ‘One Nation […]
May 29, 2019
GST Return New Form

GST Council Implements New Return Forms In a Phased Manner

Big businesses will have to start filing GST Returns in the new form before others, with the authorities planning a gradual approach for all future changes […]
May 28, 2019
GST Compensation

Finance Commission Does Not Intend To Extend GST Compensation

The 15th Finance Commission does not have any plan to heed the request of state governments to extend the period for the Goods and Services Tax compensation […]
May 27, 2019
GST Returns new form

Phase-wise Implementation of GST New Return Forms

As per the planning of GST council, in the first phase, only large businesses are required to start filing GST Returns in the new form before […]

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