News & Update
July 8, 2022
Published by Team @HostBooks at July 8, 2022
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GST E-Invoicing to Be Mandated Soon for the Business Having Rs. 10-Cr or More and Then 5-Cr Turnover
Businesses having turnover more than Rs. 5-Cr will soon come under the GST invoice. To this day, the threshold limit of e-invoicing is Rs. 20 Cr. Businesses that exceed the […]
July 1, 2022
Published by Team @HostBooks at July 1, 2022
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GST council has revised GST rates for many items that may affect the pockets of common men. The revised GST rates will be applicable from July 18, 2022. The changes […]
May 21, 2021
Published by Law@HostBooks at May 21, 2021
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The Central Board of Direct Taxes (CBDT) has extended the deadline to file Income Tax Return in view of the current coronavirus pandemic. This is a huge relief for the […]
May 11, 2021
Published by Law@HostBooks at May 11, 2021
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GST is a dynamic law. It has gone through many additions, changes and alternations ever since its inception. We as business owners, taxpayers, and tax consultants are required to stay […]
March 25, 2021
Published by Law@HostBooks at March 25, 2021
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Under section 469 of the company act, the central government has made it mandatory for every company/business to use only such accounting software that has the feature of recording the […]
February 2, 2021
Published by Sunil Dutt at February 2, 2021
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The Union Budget 2021-22 has been passed out at the time when India’s economy is reeling under the aftereffects of the coronavirus lockdown, the budget was presented by our Finance […]
October 6, 2020
Published by Sunil Dutt at October 6, 2020
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The 42nd GST Council meeting held under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman through video conferencing held on 05-Oct-2020. The meeting was also attended […]
March 16, 2020
Published by Sunil Dutt at March 16, 2020
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The 39th GST Council meeting held on Saturday 14 March under the chairmanship of Union Finance & Corporate Affairs Minister Mrs. Nirmala Sithraman. Along with the finance minister, Union Minister of […]
February 20, 2020
Published by Arpita@HostBooks at February 20, 2020
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Source: livemint As the season for submitting proof of investments in tax-saving products nears, your employer might soon ask to furnish them. Tax benefit on premiums paid for life and […]
February 19, 2020
Published by Sunil Dutt at February 19, 2020
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Source: Economic Times The Central Board of Indirect Taxes and Customs (CBIC) issued a circular clarifying that registered taxpayers are required to declare GST Identification Number (GSTIN) on their EXIM […]
February 18, 2020
Published by Sunil Dutt at February 18, 2020
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Source: Business Standard To provide a procedure for taxpayers to settle pending income tax disputes, Vivad se Vishwas scheme was announced in the Union Budget 2020. Under the scheme, taxpayers […]
February 17, 2020
Published by Arpita@HostBooks at February 17, 2020
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Source: India Today The Goods and Services Tax (GST) Council is likely to meet soon to discuss the compensation paid to states for the loss of revenue after the implementation […]
February 13, 2020
Published by Arpita@HostBooks at February 13, 2020
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Source: The Economic Times The Central Board of Indirect Taxes and Customs (CBIC) has asked tax officials to collect almost ₹46,000 crores as interest on account of delayed GST payment. […]
February 12, 2020
Published by Arpita@HostBooks at February 12, 2020
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Source: The Hindu In a written reply to Rajya Sabha, Minister of State for Finance Anurag Singh Thakur said that the Centre has released ₹81,043 crore as GST compensation to […]
February 11, 2020
Published by Arpita@HostBooks at February 11, 2020
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Source: telegraphindia.com To collect disputed taxes of pre-GST era such as VAT, central sales tax and entry tax, the Bengal government has introduced an amnesty scheme. According to the industry […]
February 10, 2020
Published by Sunil Dutt at February 10, 2020
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Source: Times of India The Finance Minister Nirmala Sitharaman on Sunday said that the Goods and Services Tax (GST) Council is set to revise tax rates of goods and services […]
February 5, 2020
Published by Arpita@HostBooks at February 5, 2020
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Source: Economic Times In order to encourage customers to ask for bills while making purchases, the government is planning to introduce a lottery system under the Goods and Services Tax […]
February 4, 2020
Published by Sunil Dutt at February 4, 2020
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Source: Economic Times The Central Board of Indirect Taxes and Customs (CBIC) has extended the deadline for filing the annual GST return forms – GSTR-9 and GSTR-9C for the financial […]
February 3, 2020
Published by Arpita@HostBooks at February 3, 2020
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Source: Business Standard Goods and Services Tax (GST) revenue mop-up in January has crossed the ₹1 trillion-mark for the third month in a row thanks to the anti-evasion measures taken […]
January 31, 2020
Published by Sunil Dutt at January 31, 2020
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Source: The Hindu The finance minister Nirmala Sitharaman is going to present the Union Budget 2020 at a time when the economy is struggling with the worst period of slowdown. […]