After being implemented on 1st July 2017, Goods and Services Tax (GST) has played a significant role in shaping up the country. Almost every business sector noticed impacts of GST, […]
Source: businesstoday.in In an attempt to curtail tax leakage and concerned with the continuous decline in monthly revenue of Goods and Services Tax (GST), the government and indirect tax department […]
Source: financialexpress.com As a huge relief for taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) on Monday issued a circular to clarify the new rules related to claiming […]
Source: Economic Times Starting from January 2020, the Goods and Services Tax (GST) Council has proposed implementing electronic invoicing (e-invoicing) on a voluntary basis. To date, there are no standards […]
Source: Indian Express In a first-of-its-kind interaction, delinked from the agenda of the Goods and Services Tax (GST) Council meeting, tax officers from the states and the Centre are set […]
In order to protect honest GST taxpayers from any harassment at the hands of tax officials, the Central Board of Indirect Taxes and Customs (CBIC) will start using a unique […]
Source: hospitalitybizindia.com In its 37th Meeting, the Goods and Services Tax (GST) Council had announced a reduction in GST rates for hotel room tariffs. This has started showing positive results […]
Source: thehindubusinessline.com As a relief for many companies, the Madras High Court has permitted the transition of credit of Education Cess, Secondary/Higher Education Cess, and Krishi Kalyan Cess into the […]
Source: pib.gov.in According to the data released by the Ministry of Finance on Friday, the GST collection in October 2019 stood at ₹95,380, a 5.29% decline compared to the same […]