GST return filing

GST on Gold

GST on Gold

The Government of India introduced 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 solve multiple or compounded tax rate issues. In this … Read more

GST on Furniture

GST on furniture

As we know, the GST rates in India are determined by the GST Council from time to time. GST rates will be levied in 5 rates, particularly, NIL, 5%, 12%, 18% and 28%. With GST to be implemented in India from 1st July 2017, the GST rate for all goods and services have been notified. … Read more

GST on Export of Goods & Services

GST on Export of Goods & Services

As we know, Exports have been the field of focus in all strategic initiatives of the Government for more than 30 years. Now with the Make in India drive, exports continue to appreciate this special treatment because exports should not be burdened with domestic taxes. In this article, we will discuss the GST on Export … Read more

GST Rates on Construction Materials

GST on Construction Materials

Construction is the second-largest Industry after Agriculture in India. India’s construction industry is rapidly increasing. Therefore it is essential to know GST on Construction Materials. In this blog, we will read about GST rates on various construction materials in detail. Understand About GST GST stands for goods and services tax. It is a type of indirect tax … Read more

Zero-rated Supplies under GST after Budget 2021

Zero-rated Supplies under GST after Budget 2021

The Union Budget 2021 was proposed by the Finance Minister on 01.02.2021 in the parliament. Also, the Finance Minister applauded the parliament on GST and summarized the measures taken by the Government in the last 4 years of implementation GST to further streamline it. In this article, we will discuss the Zero-rated Supplies under GST … Read more

Changes Proposed In GST – Union Budget 2021

Changes Proposed In GST – Union Budget 2021

The Finance Minister Nirmala Sitharaman has introduced certain changes in CGST Act, 2017 & IGST Act, 2017 to curb input credit frauds and safeguard Government revenues. Also, multiple changes to the goods and services tax framework aimed at helping small and medium businesses to tide over pandemic-induced disruptions. In this article, we will discuss on … Read more

GST Collection January 2021 crosses ₹1.2 lakh crore in FY 2021-22

GST collection January 2021

For the one more time, GST collections in January reached over Rs 1.2 lakh crore, crossing Rs 1 lakh crore targets since December, November and October last year. In this article, we will discuss on GST collection January 2021. GST Collection January 2021 The Central Government has announced the gross GST revenue collected in January … Read more

Union Budget 2021-22

Union Budget 2021-22

Budget Finance Minister Nirmala Sitharaman announced Union Budget 2021-22  on the 1st of February, 2021. This Budget assumes enormous importance and effective as it comes amid the novel coronavirus pandemic, which has led to massive economic disruption in India and around the world. In this article, we will discuss on Union Budget 2021 and its … Read more

Rule 86B on Input Tax Credit and Its Impact in GST

Rule 86(B) on Input Tax Credit

The Central Board of Indirect Taxes and Customs (CBIC) has proposed a new rule to provide restrictions on utilization of the amount available in electronic credit ledger. Rule 86B is already made effective from 1st January 2021. In this article, we will discuss Rule 86B on Input Tax Credit and Its Impact In GST. Rule … Read more

Tax liability on supply of CNG from retail outlet under GST Portal

Tax liability on supply of CNG from retail outlet under GST Portal

The Central government has announced the notification to bring natural gas under the Goods and Services Tax (GST) regime to realise Prime Minister insight for a gas-based economy and boosting the stake of the environment-friendly fuel in India’s energy basket. In this article, we will discuss on Tax liability on the supply of CNG. Tax … Read more