September 24, 2019
GST Rate Cut on Hotel

GST Rate Cut on Hotel Tariffs Might Boost Tourism

Source: thehindubusinessline.com Goods and Services Tax (GST) Council in its 37th Meeting held in Goa announced a reduction in the tax rate for hotel room tariffs. On Monday, Prahlad Singh […]
September 23, 2019

Highlights of the 37th GST Council Meeting

In midst of the demand for rate cuts by several industries, the GST Council held its meeting in Panaji on 20th September 2019. Headed by the Union Finance Minister Nirmala […]
September 23, 2019
GST Collections

GST Collections to Fall Short of ₹ 40,000 Crore from Expectation

Source: Times of India The government is expecting to fall short of around ₹ 40,000 Crore in the Goods and Services Tax (GST) collections over what has been a budgetary […]
September 20, 2019
Tax Collection

Low Tax Collection May Restrict Govt From Providing a Stimulus Package

Source: financialexpress.com The slow growth in the net direct tax collections so far in this fiscal may limit the government from providing a fiscal stimulus to the failing economy. The […]
September 19, 2019
GST Payment

Govt may Levy Different Interest Rates for Late GST Payment

Source: Hindustan Times In an effort to pursue businesses to pay their taxes on time and to boost revenue collection, the government might levy different interest rates on taxpayers for […]
September 17, 2019

TCS and UID/Aadhaar fields added in Add New Customer or Vendor page and display business CIN on the invoice.

While adding a new customer or vendor, you now have the option to add TCS and UID/Aadhaar. The Business CIN can be made visible on invoice print templates – Template1 and Template2 by enabling it in Setting>Print Settings.
September 17, 2019
Due Dates for Large and Small Taxpayers

Large & Small Taxpayers might have Separate Due Dates: GST Council

Source: cnbctv18.com In the upcoming meeting, the GST council is likely to discuss the possibility of separate due dates for large and small taxpayers, under the new simplified return process. […]
September 16, 2019
Next GST Council Meet

Next GST Council Meet Agenda: Check Evasion & Boost Collections

Source: Times of India The next GST Council meeting to be held in Goa on Friday will focus on shutting down leaks and prevent evasions by adopting new provisions. Cases […]
September 13, 2019

Release Notes for HostBooks GST Application September 13, 2019

Highlights Check box selection of Discount, Add. Discount, Cess, Add. Cess, Freight/Unit, Delivery/Unit on all sales & Purchase invoices. Excel import of GSTR-1. Image Upload for Sign And Stamp, Prepared By, Checked […]
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