October 10, 2019
GST revenue

Centre’s GST revenue goes up, state’s collection dip

Source: business-standard In the current financial year, the overall monthly collections under the Goods and Services Tax (GST) are showing a weak trend due to the slowdown. In the first […]
October 9, 2019
Income Tax Update

E-Assessment scheme launched by I-T Department

Source: Economic Times On Monday, the income tax department launched a faceless e-assessment scheme that eliminates the physical interface between an assessing officer and a taxpayer. Considered as a major […]
October 4, 2019
Sahaj Sugam GST Return

Sahaj and Sugam – GST Council Approves Simpler Returns

In its 31st meeting, the Goods and Services Tax (GST) Council decided to introduce a new GST return system to facilitate taxpayers. A prototype of the offline tool has been […]
October 4, 2019
GST Nil Return Filing

File GST NIL Return just by sending SMS from April

Source: Times of India Starting from 1st April 2020, one in five Goods and Services Tax (GST) payers will simply need to send an SMS (short message service) to file […]
October 3, 2019
September GST Collection

September GST Collection slips below ₹1 Lakh Crore mark

Source: Economic Times The Goods and Services Tax (GST) collection in September has dropped to a 19-month low at ₹91,916 Crore, according to the data released by the government on […]
October 1, 2019
GST Reconciliation

What is GST Reconciliation and what are its common issues?

Under Goods and Services Tax (GST), reconciliation means recording every transaction that took place during a period while also ensuring that the data filed by the supplier matches with those […]
September 27, 2019
GST Refund Online

GSTN has Started the Online Refund Process

Source: Business Standard GST Network, which provides IT infrastructure and services to the indirect tax system, has unveiled the online refund process as directed by the GST Council. In a […]
September 24, 2019
GST Rate Cut on Hotel

GST Rate Cut on Hotel Tariffs Might Boost Tourism

Source: thehindubusinessline.com Goods and Services Tax (GST) Council in its 37th Meeting held in Goa announced a reduction in the tax rate for hotel room tariffs. On Monday, Prahlad Singh […]
September 23, 2019

Highlights of the 37th GST Council Meeting

In midst of the demand for rate cuts by several industries, the GST Council held its meeting in Panaji on 20th September 2019. Headed by the Union Finance Minister Nirmala […]
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