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GST collections February 2021 rise 7% to ₹1.13 lakh crore

GST collections February 2021

For one more time, GST collections have increased Rs 1 lakh crore mark for the fifth month in a row in February, rising 7 per cent yearly to over Rs 1.13 lakh crore, symbolising economic recovery, the finance ministry stated. In this article, we will discuss the GST collection in February 2021. GST Collection February … Read more

 File GSTR-9 & GSTR-9C for FY 2019-20 by February 28, 2021

File GSTR-9 & GSTR-9C

The Central government has extended the deadline for filing the annual return of the Goods and Services Tax (GST) for 2019-20 by two months after businesses and tax authorities demanded respite on grounds of complexities in agreement and disruptions due to the Covid-19 pandemic, government officials said. In this article, we will discuss File GSTR-9 … Read more

Quarterly Return Monthly Payment (QRMP) Scheme Analysis

Quarterly Return Monthly Payment

The QRMP scheme came into existence to reduce the burden of monthly GST returns on the taxpayer. The central board of indirect taxes and customs has launched this Quarterly Return Monthly Payment. Also, Any registered taxpayer who has a turnover of less than 5 crore INR can participate in the same. In this article, we … Read more

GST compensation shortfall released to States reaches Rs 1 lakh crore

GST compensation shortfall released

The finance ministry issued the notification that released the 17th weekly instalment of Rs 5,000 crore to 23 states including Jammu and Kashmir. The total amount issued as the portion of the special borrowing window set up in October 2020 to Rs 1 lakh crore. In this article, we will discuss the GST compensation shortfall … Read more

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 Marble and Granite

GST on Marble and granite

After the implementation of GST in India, the GST Council introduced new tax slabs for all the products produced, imported or exported. The GST rates in India are determined by the GST Council from time to time. GST rates will be levied in 5 rates, specifically, NIL, 5%, 12%, 18% and 28%. In this article, … 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 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

GST collection December 2020 crosses 1.15 lakh crore in FY 2020-21

GST collection December 2020

For the one more time, GST acquisitions in December reached over Rs 1.15 lakh crore, crossing Rs 1 lakh crore targets since November and October this year. In this article, we will discuss on GST collection December 2020. GST collection December 2020 The Central Government has proclaimed the gross GST revenue collected in December 2020 … Read more

Aadhar Authentication for Existing GST

Aadhar Authentication for Existing GST

CBIC has issued the notification for the Aadhaar Authentication facility, which has now available on Goods and Service Tax (GST) Portal. Also, it will help the taxpayers to authenticate Aadhar of Partner, Promoter and Primary Authorised Signatory. In this article, we will discuss on Aadhar Authentication for Existing GST. Know about Aadhaar Authentication Aadhaar authentication … Read more