November 6, 2019
GST Rate

GST rate cut stimulates hotel sector revenue in Q3 2019

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 […]
November 5, 2019
Credit of education

Credit of education, farm-related cesses can be availed under GST

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 […]
November 4, 2019
GST Revenue October

GST Collection in October remains below ₹1 Lakh Crore mark

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 […]
November 1, 2019
GST Refunds

Finance Ministry pays 97% of GST refunds due to MSMEs

Source: The Hindu According to the Finance Ministry, as much as 97% of GST refunds due to MSMEs (Micro, Small and Medium Enterprises) as of August 23 has been paid […]
October 31, 2019
GST Invoices Limit

Centre may limit the number of invoices for new GST registrants

Source: India Express To put an end to the creation of fake invoices under the Goods and Services Tax (GST) regime, the Centre is planning to limit the number of […]
October 30, 2019
New GST Rules ITC refund

New GST rules governing ITC refund creates confusion

Source: Financial Express Earlier this month, the government had notified new rules restricting the refund of input tax credit (ITC) to 20% of the total claimed amount. Many GST registered […]
October 29, 2019
Nedal offier appointed GST complaints

Nodal officers appointed to exclusively handle GST complaints

Source: business-standard In line with the government’s assurance that wealth creators would be respected and honest taxpayers would not be harassed, the Central Board of Indirect Taxes and Customs (CBIC) […]
October 25, 2019
GST Simplification

Finance Minister promises further GST simplification

Source: Times of India On Thursday, Union Finance Minister Nirmala Sitharaman assured efforts will be made to further simplify the Goods and Services Tax (GST) and expressed hope that it […]
October 24, 2019
GST Rate

TN urges Centre: Reduce GST rate on machined job works

On Wednesday, Tamil Nadu Municipal Administration and Rural Development Minister S.P. Velumani urged Finance Minister Nirmala Sitharaman to reduce Goods and Services Tax (GST) on machined job order items from […]
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