GST return filing

Changes in GSTR-1 applicable from 1st April 2021

Panel recommends structural changes to boost GST revenues

The central government has declared the impending alterations in GSTR-1 Table-12 on GST Portal. The government has instructed that from 1st April onwards, it will become compulsary to report minimum 4 digit or 6 digits of HSN (Harmonized System of Nomenclature) Code in Table-12 of GSTR-1 and in Tax Invoice. In this article, we will … Read more

Parliament empowered to enact special laws on GST: HC

The Central Goods and Services Tax (CGST) Act was authorized, the Punjab and Haryana High Court implied prime facie concern that Parliament was certified under the Constitution to appear with special laws on the issue. In this article, we will discuss Parliament empowered to enact special laws. Parliament empowered to enact special laws Four years … Read more

GST on Banquet and Catering Services

GST on Banquet and Catering Services

Goods and Services Tax (GST) is an indirect tax. It is imposed on the supply of goods and services across the country. It has brought uniformity in the indirect tax hierarchy by replacing all the indirect taxes that existed in the pre-GST regime. In this article, we Discuss GST on Banquet and Catering Services. About GST … Read more

Mistakes to avoid in Charging or Reversing of GST

Mistakes to avoid in Charging or Reversing of GST

As we know GST presently has no such provision to revise or modify a return once it has been filed. While the current system for amending returns is proposed. Therefore, he has to be incredibly alert while filing his GST returns to avoid the suffering of unnecessary reconciliations. In this article, we will discuss the … Read more

GST Compensation Shortfall released to States reaches Rs. 1.06 lakh crore

GST compensation shortfall released

The Ministry of Finance has announced the 19th weekly instalment of Rs. 2,104 crore to the States to engage the GST compensation shortfall. Out of this, an amount of Rs. 2,103.95 crore has been acquitted to 7 States and a proportion of Rs. 0.05 crore has released to the Union Territory of Puducherry. In this … Read more

GST on Fashion Designing Services

GST on fashion designing services

Goods & Services Tax(GST), launched in July 2017, is the new tax regime. Introducing a single tax system government introduced GST to replace many indirect taxes in India, such as the excise duty, VAT, services tax, etc. In this article, we will discuss GST on fashion designing services, and it’s SAC codes. Before diving deep … Read more

CBIC Issues Deadline- File your Return to Avoid a Late fee and Interest

CBIC Issues Deadline

The Central Board of Indirect Taxes & Customs has issued an alert for taxpayers. The alert is for various divisions of taxpayers who have not filed their taxes for February. In this article, we will discuss the CBIC Issues Deadline for file GST Return filing. CBIC Issues Deadline The Central Board of Indirect Taxes & … Read more

GST Council will decide on oil-in-GST

GST Council will decide on oil in GST

The GST Council has noticed to earn an extra Rs 1.87 lakh crore in FY21 from the Rs 13-16/litre further cess and surcharges imposed on auto fuels in March/May 2020. In this article, we will discuss on GST Council will decide on oil-in-GST.  GST Council will decide on oil-in-GST Amid an objection for the cut … Read more

GST on Doctor Consultation

GST on Doctor Consultation

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

MCA signs MoU with CBIC for Data Exchange: Ease of doing business

MCA signs MoU with CBIC

The Central Board of Indirect Taxes and Customs (CBIC) and the Ministry of Corporate Affairs (MCA) notifies on February 25, 2021, approved a Memorandum of Understanding for the exchange of data between the two organisations. In this article, we will discuss MCA signs MoU with CBIC. MCA signs MoU with CBIC The Central Board of … Read more