gst registration in india

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

12th GST compensation shortfall Instalment of Rs. 6000 cr released to States

12th GST compensation shortfall Instalment of Rs. 6000 cr released to States

The Department of Expenditure has issued the statement for the twelfth weekly instalment of Rs 6,000 crore to the States and Union Territories to reach the GST compensation shortfall. In this article, we will discuss on 12th GST compensation shortfall Instalment of Rs. 6000 cr. 12th GST compensation shortfall Instalment of Rs. 6000 cr The … 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

GST on Hydroponic Farming

GST on Hydroponic Farming

As we know, Hydroponic farming is setting uproots all across India. Hydroponics and other soil-less farming methods can assist to take the agriculture and farming industry to the next level. Also, there is a lot of confusion about the concern of Hydroponic Farming, if it is taxable or not. In this article, we will discuss … Read more

What is QRMP Scheme and benefit for Small Business

What is QRMP Scheme

The Central Board of Indirect Taxes & Customs (CBIC) initiated Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme under Goods and Services Tax (GST) to assist small taxpayers whose turnover is less than Rs.5 crores. The QRMP scheme enables the taxpayers to file GSTR-3B on a quarterly basis and pay tax every month. … Read more

GST has Become Colonial Taxation System – CAIT

GST has Become Colonial Taxation System

Vastly against the declared spirit of GST as Good & Simple Tax, the GST has become a “colonial taxation system”  quite away from the ground certainties of the business conducted in India. In this article, we will discuss on how GST has Become Colonial Taxation System in India. GST has Become Colonial Taxation System The … Read more

Central Goods and Services Tax (Fourteenth Amendment) Rules, 2020

CGST Fourteenth Amendment Rules

The CBIC vide notification dated 22 December 2020 has published the Central Goods and Services Tax (Fourteenth Amendment) Rules, 2020. In this article, we will discuss the CGST Fourteenth Amendment Rules in brief. CBIC Notification on Fourteenth Amendment Rules, 2020 The CBIC vide notification dated 22 December 2020 has announced the Central Goods and Services … Read more

Important GST Changes Applicable from 2021

gst changes applicable

In a move to ease the pressure on small taxpayers, the Central Government has decided to introduce Far-reaching new amendments have been made in the CGST Rule, Vide Notification No 94/2020- Central Tax with the purported purpose to tackle the menace of fake invoicing. In this article, we will discuss on Important GST changes applicable … Read more

Businesses with turnover of over Rs 50 lakh to spend at least 1% GST liability in cash

Gst liability

CBIC has published certain modifications to the Goods and Services Tax (GST) Rules, carrying in stringent circumstances for getting GST registration as well as for businesses to settle GST liability using the input tax credit. Let’s discuss the notification on GST Liability. CBIC Notification for GST Liability Firms with a monthly turnover of overall Rs … Read more

Quarterly Returns with Monthly Payment Scheme under GST Portal

Quarterly-Returns-with-Monthly-Payment-Scheme

CBIC has come up with a new scheme for small taxpayers having an impact turnover of up to 5 crores. This scheme will permit small taxpayers to file their returns on a quarterly basis and make their payments on a monthly basis. This scheme has an accurate to ease the tax compliance for the small taxpayers. … Read more