July 29, 2019
GST Rate

Demand to Reduce GST Rate on Catering Services

Source: The Times of India Many caterers and hoteliers from across the country are urging the Centre to reduce GST rates levied on outdoor catering service from 18% to 5%. […]
July 26, 2019
reduction-in-GST

Coaching Centers Demand a Reduction in GST

Source: livemint The representatives of some of the major coaching institutes have met the Union Finance Minister Nirmala Sitharaman demanding to either remove 18 percent GST on coaching centers or […]
July 25, 2019
GST Payment

Interest to be applied on net cash for the late payment of GST

Source: The Economic Times The Union Budget 2019 has introduced various new updates to provide relief for GST-registered taxpayers. One of such changes is related to the interest applied on […]
July 24, 2019
GST Invoice

No GST Invoice Required for Goods Brought Back to India in 6 Months of an Exhibition

Source: The Economic Times Exporters who transport goods abroad on a consignment basis for exhibitions or other promotional events won’t have to generate tax invoice if it is brought back […]
July 19, 2019
GST CMP-08 Due Date

Due Date for Filing FORM GST CMP-08 Extended

Source: Taxguru The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification for the extension of due date for filing the returns by composition dealers in Form […]
July 16, 2019
GST Collection

Finance Minister Says GST Collection of States has Risen to ₹ 5.18 Trillion in FY19

Source: Business Standard Finance Minister Nirmala Sitharaman on Monday said that GST collection of states and union territories (UTs) has increased to ₹ 5.18 trillion in FY 2018-19, up from […]
July 12, 2019
GST Mismatch

Declare your Mismatch in GST Returns, Outward Supplies in Annual Returns

Source: The Economic Times The Ministry of Finance has now declared that any mismatch in the GST monthly sales return and outward supply details should be reported in the annual […]
July 10, 2019
ITC Refund SGST

Good News for Exporters as Centre to Pay ITC Refund for SGST

Source: The Economic Times With a broader view of providing a major relief to exporters, the Centre will now pay the Input Tax Credit refunds of state taxes, thereby minimizing […]
July 9, 2019
gst on insentives

GST on Incentives, Discounts and Schemes Earned by Dealers: HSN/ SAC Code, Taxability, and Rate

Incentives, discounts, and schemes are often offered by suppliers to dealers in order to promote sales. However, the taxability of these incentives, discounts, and schemes under GST can be complex. […]
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