August 12, 2019
FAQ-on-GSTR-9

Frequently Asked Questions (FAQs) on GST Annual Return Filing (GSTR-9)

Although GST in India has covered a long distance in India and the Govt. through frequent GST council meetings have made it easier and transparent enough, yet there are some confusing […]
August 12, 2019
GST Returns

Only 20% of Taxpayers File GST Returns for FY18

Source: The Times of India Even after a year of the due date, out of an estimated 90 lakh taxpayers, only 19.3 lakh have filed their GSTR-9, GSTR-9A, and GSTR-9C […]
August 9, 2019
Maharashtra GST Collection

Maharashtra Tops the GST Collection

Source: DNA India The Goods and Services Tax (GST) collection of the state of Maharashtra stands at Rs. 1.70 lakh crore. This amounts to 15% of total GST collection of […]
August 8, 2019
Verify Income Tax Return

I-T launches a New Way to e-Verify Income Tax Return

Source: The Economic Times Until the time you verify your income tax return, the filing process is incomplete. There are multiple options through which you can e-verify your ITR and […]
August 8, 2019
GSTR-9C-Filing-Format-Rules

GSTR 9C: Reconciliation Statement & Certification – Filing, Format & Rules

Under the GST regime filing an Annual Return by all GST registered taxpayers, except few, is mandatory. As per the classification of taxpayers and with a view to making the […]
August 7, 2019
GST for Retailers

GST Applicable on Discounts Offered to Retailers

Source: livemint The government has decided to levy GST on discounts offered by manufacturers and wholesalers to retailers for passing it on consumers. This has put retailers in a tough […]
August 6, 2019
Low GST Collection

Low GST Collections Due to Economic Slowdown

Source: Business Today In midst of the economic slowdown, Goods and Services Tax (GST) collections crossed the Rs. 1-lakh crore mark in July 2019. GST collections stood at Rs. 1.02 […]
August 5, 2019
GST Rate

Firms Can Raise Prices After Passing on GST Cuts

Source: livemint Once companies pass on the benefit of GST rate cuts to customers, they are allowed to raise prices for products and services. They might be able to do […]
August 2, 2019
GST Collection July

GST Collection Revenue Rose by 5.8 Percent in July

Source: Pib The gross GST revenue in July reached over Rs. 1.02 lakh crore regardless of the slowdown in industrial activity. The revenue during July 2019 showed the growth of […]
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