GST return filing

41st GST Council Meeting on GST Compensation to States 

gst compensation to states

 The 41st GST council meeting was held on Friday under the leadership of honourable Finance Minister Nirmala Sitharaman. The meeting was conducted via video conferencing. The GST council meeting members discussed “GST compensation to states”.   Here are key 41st GST Council Meeting Updates. Important 41th GST Council Meeting Updates GST Collection has been critically impacted … Read more

GST on Transport

gst on transport

As we all know, Transportation plays a vital part in the economy, as any difficulty in transportation disrupts the entire business channel. However, as per the National Highways Authority of India, about 65% of freight and 80% of passenger traffic is transported roads. Transportation of goods by road taken by transporter or courier agency. In … Read more

All About Late fee on GST Return Filing

GST return filing late fee

The 40th GST council meeting had cleared regarding the late fee on GST return filing. We shall today discuss the minutes regarding the GST late fee. Great Relief! Businesses can file GSTR-3B without DSC during COVID-19 Lockdown Interest on Late GST return filing Taxpayers can file returns thanks inside March, April, and May 2020 by … Read more

Now Traders can Restore their Cancelled GST Registration

Restore Canceled GST Registration

Those traders who had filed the cancellation of their GST registration can easily restore their GSTIN in time. Recently, the 40th GST Council Meeting was held. The GST Council has given several recommendations on GST Law & Procedural changes. One of them is that time-limit to file a revocation of the canceled GST registration is … Read more

Know the Key 40th GST Council Meeting Updates

40th GST council meeting updates

The 40th GST council meeting was held on Friday under the leadership of FM Nirmala Sitharaman. Here are key 40th GST Council Meeting Updates. The meeting was conducted via video conferencing.   Important 40th GST Council Meeting Updates The GST Council has given several recommendations on GST Law & Procedures changes. Here are the key … Read more

Now NIL GST Return Filing Easier than Ever!

NIL GST Return Filing Easier than Ever

The GST department has given a major relief to taxpayers by making GST Return Filing easier like never before! The tax department has allowed them to file NIL GSTR-3B Return easily through SMS. This is indeed a great relaxation for the 22 lakh taxpayers having GST registration who earlier had to log in to the … Read more

Due Date for Filing GSTR-9 and 9C Extended

gstr-9 & 9c date extended

The GST department has now extended the due date of filing GSTR-9 & 9C for all the taxpayers having the annual turnover of INR 5 crore. As we know, the entire world is facing the blight of the Novel Coronavirus pandemic, or the COVID-19. The increasing number of cases of Coronavirus infection is a matter … Read more

Government Announces GST Relaxations During Lockdown 3.0

gst relaxation lockdown 3.0

The Government has introduced various GST relaxations amid the Lockdown 3.0 that will continue till 17th May 2020. As we know that the world is caught into a great economic depression due to the COVID-19 pandemic. Due to the adverse impacts of the economic recession on the Indian small businesses during COVID-19 lockdown, the Indian … Read more

No GST Reporting Details needed in Income Tax Audit Report

gst-audit-income-tax-audit

The COVID-19 pandemic has a negative impact all over the world and sent economies spinning. Initially, it entirely affected China; but, its effects are presently felt most over the world, with many countries in internment, together with India too on its web. The Indian government is attempting its best to support the business organizations and … Read more

GST Registration of the TCS taxpayers

tcs in gst

With the advent of the goods and services tax, a lot of changes have taken place. All the business firms must get GST registration. Getting registered under GST has a lot of benefits, one of them being the tremendous ease of doing business. Nevertheless, the businessmen are having a few queries. One such crucial aspect … Read more