GST return filing

Oxygen Imports Exempted From GST, With Caveats

COVID-19 Vaccine, Oxygen Imports Exempted From GST, With Caveats

With the rise of the second wave of Coronavirus, the Government of India took several steps to bring the situation to a normal condition, and still, the battle is going on. Recently, it has been observed that demand for Covid materials such as vaccines, Remdesivir medicine, and oxygen has significantly increased and most of the … Read more

Compliances under GST for NRIs

Compliances under GST for NRIs

The goods and services tax is the biggest milestone in the history of taxation. Earlier, various forms of taxes were put on the citizens and the distribution of taxes between the state and center was complicated. So, the concept of tax on common goods and services was introduced in the entire country to simplify the … Read more

GST on Imported Oxygen Concentrators Slashed

GST on Imported Oxygen Concentrators Slashed

This post deals with a subject directly related to the Covid-19 crisis. We would urge readers to read it until the end to keep themselves updated on the latest developments. GST on Imported Oxygen Concentrators Slashed On May 1, 2021, most Indians woke up hearing a piece of good news, ‘GST on Imported Oxygen Concentrators … Read more

Penalty / Interest Waive off on GST Late Return filing

CBIC extends GST Return Due Dates Waives Late fee for GSTR3B

While the country is grieving from the COVID-19 pandemic, the Government has provided great relief to the taxpayers by extending the deadlines to file various GST returns. The Government also waived off the late fee payable for the delayed filing of GSTR-3B. In this article, we will discuss on Penalty / Interest Waive off on … Read more

TDS payment and return filing due date extended

TDS payment and return filing due date extended

Due to the Covid-19 pandemic, the CBDT has issued the notification for For filing of belated tax returns and revised return for the assessment year 2020-21, which was required to be filed on or before 31 March 2021, the extra time has now been given till 31 May 2021. In this article, we will discuss … Read more

The due date for GST Return extended under COVID Pandemic

Due Date for GST Return extended

Due to the Covid-19 pandemic, the government has extended key compliance timelines for goods and services tax (GST) and waived late fees to ease the compliance burden which will ultimately benefit the taxpayers. In this article, we will discuss on Due date for GST Return extended under COVID Pandemic. The Due Date for GST Return … Read more

Relaxation in Company GST Return Filing without DSC

GST Return Filed with EVC

In a relief to several businesses, the Central government on Tuesday said that it has allowed llp companies to verify through electronic verification code monthly GST returns filed till May 31. The recent notification reading ‘filing Relaxation in Company GST Return Filing without DSC’ is making headlines all over. In this article, we will discuss … Read more

How GST applies to flat owners, RWAs

How GST applies to flat owners

How GST applies to flat owners is the new question as there’s an important update by the government. Therefore, In this article, we will discuss the critical query of How GST applies to flat owners, RWAs and What GST is. What is GST? As the name suggests, The Goods and Services Tax (GST) is a … Read more

GST Collection April 2021

GST Collection April 2021

According to a report published by SBI ahead of the official GST revenue data release on May 1, the GST collection April 2021 figure is likely to hover around ₹1.15 lakh crore to ₹1.2 lakh crore. It is good news, considering the country has been in a continuous state of multiple lockdowns. In this article … Read more

GST revenue likely to come down

As we know the second wave of Covid-19 pandemic and possible lockdown-like restrictions in several parts of the state are likely to dent the government’s GST earnings in the new fiscal. After the general lockdown, the revenue growth was almost restored to ordinary in the last quarter of 2020-21. In this article, we will discuss … Read more