September 9, 2019
New-GST-Return-filing-system

New GST Return Filing System from Jan 2020

The government announced that a new GST return filing system will be introduced to make it easier for taxpayers. From January 2020 onwards, all taxpayers will be filing Form GST […]
September 9, 2019
GST on Automobiles

GST Cut on Automobiles may incur INR 30,000 Cr Revenue Loss

Source: IndianExpress There is a growing expectation that the Goods and Services Tax (GST) Council will decide to cut tax rates for the auto industry in its next meeting in […]
September 6, 2019
GST-AUDIT

How a Business can Prepare for GST Audit?

GST audit refers to the examination of records, returns, and other documents maintained by a registered business. Goods and Services Tax (GST) is structured in a way which promotes efficient […]
September 5, 2019
Tax Evasion

GST Council Taking Severe Measures to Prevent Tax Evasion

Source: Financial Express Goods and Services Tax (GST) Council is speculating over measures to curb tax evasion due to the concerns over the rise in the number of cases. The […]
September 4, 2019
GST Authorities

FMCG Companies under the Radar of GST Authorities

Source: newindianexpress.com The National Anti-profiteering Authority (NAA) is closely monitoring fast-moving consumer goods (FMCG) and consumer durable companies for price manipulation ahead of the festival season. The authority is especially […]
September 3, 2019
GST Refund

Tax Body asks Officers to Meet GST Refund Target

Source: thenews21.com Following the promise of Finance Minister Nirmala Sitharaman to clear all pending GST refunds of micro, small and medium enterprises (MSMEs) within 30 days, the Central Board of […]
September 2, 2019
GST Collection

GST Collection Drops Below INR 1 lakh Crore in August

Source: businesstoday.in Amid an economic slowdown, the Goods and Services Tax (GST) collection in August 2019 stood at ₹ 98,202 crore from over ₹ 1.02 lakh crore in the previous […]
August 30, 2019
GSTR-3B

AP High Court Permits Rectification in GSTR-3B

Source: thehindubusinessline.com The Andhra Pradesh High Court has ruled that the GST Return Form – GSTR-3B – is a statement and hence a revision should be allowed. If implemented at […]
August 28, 2019
GST Council Meeting

37th GST Council Meeting to be held on September 20

Source: thehindubusinessline.com The Goods and Services Tax (GST) Council is likely to hold its 37th meeting in Goa on the 20th of September, without considering any rate reduction. The GST […]
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