GST

New GST Registration Process slows down due to Lockdown

GST registration delay

With the spread of the coronavirus, GST registration is facing huge delays. Obtaining a new GSTIN has become a bit difficult due to the COVID-19 lockdown.   Delay in New GST Registration Process due to the lockdown New GST registration has been getting delayed to an extent of 60 days and if the situation gets … Read more

Interest on PPF, Savings Bank Deposit crucial for GST registration

Interest on PPF and gst

The most recent GST update is that as per the new criteria, Interest on PPF and Savings Bank Deposit shall be accounted for deciding threshold for GST registration. Let us understand this update in detail.   Role of Interest on PPF, Savings Bank Deposit in GST registration The value of some of the non-taxable incomes … 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

Karnataka Government Clarifies GST on Roti and Paratha

gst on roti paratha

Have you ever thought how much GST on Roti and Paratha is there? The Karnataka Government has recently given ruling regarding the same. In the view of the Karnataka Government, the Rotis and Parathas that people order online for their meals must be subject to different GST rates, as they are 2 distinct kinds of … 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

GST Exempt on PPE kits: Pros and Cons

gst exempt ppe kit

The Government has exempt GST on PPE kits, and this has both negative & positive sides. As we all know the Coronavirus pandemic is unceasingly growing and no vaccine has been developed as yet. One of the essential commodities during this time is the PPE kit. The government has exempt GST on PPE kits. However, … 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

GST compensation to States of ₹34K Crore Released by Government

gst-compensation-to-states

COVID-19 has affected many lives in India as well as the world. India is under complete lockdown till 17th May 2020 in a bid to stop the spread of coronavirus. The Government has now released the GST compensation to States to the tune of ₹34,000 crores. Due to the COVID-19 Lockdown, there are various challenges … Read more