GST

New Feature On GST Portal To Combat Fake GST Registration

New Feature On Gst Portal To Combat Fake GST Registration

New Feature On GST Portal To Combat Fake GST Registration is a Most awaited feature. As we all know, a PAN(Permanent Account Number) card helps in revealing an individual’s identity. The PAN card has become more critical than ever. The reason is, it is majorly used to identify and track all the financial information. Furthermore, … Read more

Petrol, Diesel under GST Regime: HC Asks Centre to Decide

Petrol, Diesel under GST Regime HC Asks Centre to Decide

The Kerala government asked the Central Board of Revenue (CBR) to take a decision on bringing petrol, diesel under GST regime and proposed that the matter be transferred to the GST appellate tribunal. Chief justice S Mani Kumar and justice Shaji P Chaly demanded that the government should decide on the representation of the petitioner … Read more

GST Tax relief in milling, pharma, education and food sectors

GST Tax relief in milling, pharma, education and food sectors

GST Tax relief in the milling, pharma, education, and food sectors was much needed. As we know, The government has announced several reliefs to taxpayers. These include amnesty schemes, Mid-day Meal schemes, Tax Rates reduced on COVID-related medicines and types of equipment, and several others. These reliefs seem to be giving comfort and a ray … Read more

Impact of GST on Fast-Moving Consumer Goods (FMCG) Sector

Impact of GST on Fast-Moving Consumer Goods (FMCG) Sector

With about 3.8 million visitors daily to the GST Registration site, the Food and Beverage category is one of the fastest-growing sections, with a 28% increase in online sales from the previous year. In this article, we will discuss on Impact of GST on Fast-Moving Consumer Goods (FMCG) Sector. About FMCG Sector Fast-moving consumer goods … Read more

GST Return filing late fee upper limit reduced

GST Return filing late fee upper limit reduced

Recently RTI reveals CBIC Collects late fee penalties aggregate of hundred crores, which clearly signifies that taxpayers face many difficulties in timely GST return filing compliances. Now considering the complexity in GST compliances and business losses due to covid pandemic, The 43rd GST Council Meeting was held at New Delhi on 28th May 2020 announced … Read more

GST Return Filing extended for May 2021

GST Return filing extended for May 2021

As we all know, COVID-19 second wave had many drastic impacts. The taxpayers faced a major crisis regarding the compliances under GST. To provide big relief for taxpayers, the government has announced several reliefs for taxpayers. In this article, we will read about GST Return filing extended for May 2021. GST Return Filing extended of Form … Read more

GST Late Fee Reduced on GST Late Return filing : New Amnesty Scheme 

GST Late Fee Reduced on GST Late Return filing New Amnesty Scheme 

After a long wait and a delay in GST return filing caused by complexity in GST return filing compliances, GST Council has capped the late fees on GST return filing in the 43rd GST Council Meeting which was held online. It is the first meeting of the GST Council in the financial year 2021-22. In this … Read more

GST Rates Reduced in 43rd GST Council Meeting

GST Rates Reduced in 43rd GST Council Meeting

The 43rd meeting of the GST Council was mainly aimed at offering relief to the taxpayers and patients suffering from Coronavirus Pandemic. The meeting of the GST Council in Delhi took place on 28 May 2020, chaired by Smt. Nirmala Sitharaman, Minister of Finance of the Union. Video conferences were held, and multiple reliefs were presented … Read more

No GST on COVID Relief Products 

No GST on COVID Relief Products

The 43rd GST Council meeting majorly focused on providing COVID-19 relief to the taxpayers and patients suffering from the dreadful coronavirus pandemic. The GST council meeting was held in New Delhi on 28th May 2020, under the Chairmanship of Union Finance Minister Smt. Nirmala Seetharaman. The meeting was held via video conferencing, and the finance minister … Read more

RTI Reveals- CBIC Collects GST Penalties in 7 digits!!

CBIC Collects GST Penalties in 7 digits

It is a surprising fact that taxpayers are finding GST Compliances complicated, and they are facing many difficulties in timely GST Return filing. As a result, the taxpayers have to face heavy penalties. This fact was revealed when CA Ram Bajaj from Rajasthan filed an RTI to CBIC (Central Board of Indirect Taxes and Customs). … Read more