February 11, 2020
pre-GST-era

Amnesty scheme for taxpayers to settle dues of the pre-GST era

Source: telegraphindia.com To collect disputed taxes of pre-GST era such as VAT, central sales tax and entry tax, the Bengal government has introduced an amnesty scheme. According to the industry […]
February 10, 2020
GST-Council-to-revise-GST rates

Finance Minister: GST Council to revise GST rates once in a year

Source: Times of India The Finance Minister Nirmala Sitharaman on Sunday said that the Goods and Services Tax (GST) Council is set to revise tax rates of goods and services […]
February 8, 2020
New-GST-return-filing-system

New GST return filing system – Guide to ANX-1 & ANX-2

In its 31st meeting held on December 22nd, 2018, GST Council introduced a lot of changes to the existing GST return filing process. A new return filing system was introduced under […]
February 5, 2020
GST-compliance

Government to introduce a lottery system to boost GST compliance

Source: Economic Times In order to encourage customers to ask for bills while making purchases, the government is planning to introduce a lottery system under the Goods and Services Tax […]
February 4, 2020
due-date-for-filing-annual returns

CBIC has extended the due date for filing annual returns

Source: Economic Times The Central Board of Indirect Taxes and Customs (CBIC) has extended the deadline for filing the annual GST return forms – GSTR-9 and GSTR-9C for the financial […]
February 3, 2020
GST-revenu

GST revenue mop-up in January crosses ₹1 trillion-mark

Source: Business Standard Goods and Services Tax (GST) revenue mop-up in January has crossed the ₹1 trillion-mark for the third month in a row thanks to the anti-evasion measures taken […]
January 31, 2020
budget-2020

What are the common expectations from the budget 2020?

Source: The Hindu The finance minister Nirmala Sitharaman is going to present the Union Budget 2020 at a time when the economy is struggling with the worst period of slowdown. […]
January 29, 2020
audit-conciliation-statement

Assessees yet to submit audit conciliation statement for the FY18

Source: The Hindu BusinessLine As the submission date for filing FY annual return is around the corner – January 31, still 3 out of 4 assesses still need to submit […]
January 28, 2020
input-tax-credit

CBIC blocks input tax credit due to mismatch of returns

Source: Times of India The Central Board of Indirect Taxes and Customs (CBIC) has blocked tax credits of about ₹40,000 Crore due to the mismatch of returns, uncovering more than […]
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