December 31, 2019
GST Update

The center to discuss GST overhaul after presenting budget 2020-21

Source: Livemint The center along with state governments will conduct fresh negotiations on GST (Goods and Services Tax) structure after presenting the Union Budget on 1 February, said one of […]
December 30, 2019
GST Refunds

Around 250 established export houses denied GST refunds

Source: Financial Express Amidst the dismal performance of country’s export sector – merchandise exports dipped 0.34% year-on-year in November, contracting fifth time in the past eight months – as many […]
December 27, 2019
Filing-GST-Returns

Not filing GST returns could cost you your property, bank accounts

Source: Economic Times In a move aimed at improving compliance, the government has issued a set of instructions to field officers that could cost businesses their assets, as well as […]
December 26, 2019
GST-Council

GST Council to form grievance redressal committee for taxpayers

Source: The Hindu BusinessLine The Central Board of Indirect Taxes and Customs (CBIC) has directed the Goods and Services Tax (GST) Council to set up a grievance redressal committee for […]
December 26, 2019
GST-Software

6 Reasons to Use Cloud-Based & Automated GST Software

GST, one of the greatest tax reforms, subsumed all the indirect taxes and has been implemented as a single and unified indirect tax to bring efficiency in the administration of […]
December 24, 2019
GST-compensation

GST compensation cess may see a shortfall of ₹63,000 Crore

Source: Economic Times Amidst the decline in revenue, the government is staring at a shortfall of ₹63,000 Crore in Goods and Services Tax (GST) compensation payout to states for FY20. […]
December 23, 2019
GST-relief

Government may give GST relief to companies under IBC process

Source: Economic Times The companies that are undergoing resolution under the Insolvency and Bankruptcy Code (IBC) are likely to pay current levies of Goods and Services Tax (GST), without the […]
December 20, 2019
GST Input Tax Credit

Cash flow to be hit further as GST Council lowers eligible credit

Source: Economic Times An analysis done by the Goods and Services Tax (GST) department revealed as much as 39% or ₹2.5 lakh crore of input tax credit (ITC) availed by […]
December 19, 2019
38th gst council meeting highlights

38th GST Council Meeting: Single tax rate on lotteries, Filing deadline extended

Source: Economic Times The Goods and Services Tax (GST) Council, in its 38th meeting chaired by the Union Finance Minister Nirmala Sitharaman, decided to have a single tax rate on […]
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