Composition Taxpayers can not find GSTR 4 (Querterly Return) in their dashboard from financial year 2019-20. A new return filing procedure was introduced in April 2019 and it is applicable from FY 2019-20 and onwards. Let’s take a look on new changes. Form CMP 08 is a statement cum challan to declare the details or […]
Will protest on road if Centre does not remove GST on life, medical insurance: Mamata | Kolkata News
[ad_1] TERMING THE Centre’s decision to impose 18 per cent Good and Services Tax (GST) on life insurance and health insurance policies as “anti-people”, Chief Minister Mamata Banerjee on Friday wrote to Union Finance Minister Nirmala Sitharaman, urging her to roll it back. “Our demand to the Government of India is to roll back GST […]
From Rs 2,240 crore to Rs 5,517 crore, GST collection from coaching centres more than doubled in 5 years, RS told | Education News
[ad_1] The Goods and Services Tax (GST) collection from coaching centres has more than doubled in the past five years, according to data from the Ministry of Finance submitted by Minister of State for Education Sukanta Majumdar in response to a question in the Rajya Sabha on Wednesday. The GST collection from coaching institutions stood […]
Infosys slapped with Rs 32,403 cr GST demand notice, says it has paid all dues | Business News
[ad_1] The Directorate General of GST Intelligence (DGGI) has slapped a Rs 32,403-crore notice on Infosys for services availed by the company from its overseas branches over a five-year period starting 2017. Bengaluru-based Infosys, in a stock exchange filing Wednesday, called the missive from the tax department a “pre-show cause” notice and said it believes […]
Budget 2024: A clear goal, with hazy roadmap
[ad_1] The Budget has set out in detail its objectives and the action plans to achieve them. While the broad objectives are clear, the roadmaps to achieve the objectives, as spelt out in the Finance Minister’s speech, are hazy. The impact of the Budget depends upon how effectively the projects are implemented. This is particularly […]
Piyush Goyal: Decision to allow firms below GST limit to indulge in e-commerce to help small businesses: Piyush Goyal
[ad_1] New Delhi: The decision to allow the below firms GST threshold to join e-commerce A big decision that will help small businesses benefit from rapid growth online areaMinister of Commerce and Industry Piyush Goyal said on Thursday. The minister said that this decision will be a game-changer for the success of the government’s Open […]
GST Compensation: Government notifies extension of GST Compensation Cess till March 2026
[ad_1] government Goods and Services Tax (GST) has notified the Compensation Cess extension March 2026, Through gazette notification, Finance Ministry Confirmed the extension period till March 2026. The extension will also help states pay compensation for the month of May and June 2022. The extension has been notified as per the agreed repayment schedule in […]
CBIC releases detailed procedure for approval, post-audit and review of refund claims under GST
[ad_1] The Central Board of Indirect Taxes and Customs (CBIC) has released a detailed procedure for the approval, post-audit, and. review With regard to refund claims under Goods and Services Tax, in the light of receipt of reports of various practices being followed by the authorities creating confusion for the taxpayers. CBIC clarified that while […]
GST dispute: Center working on GST dispute resolution system
[ad_1] The Finance Ministry is working on a comprehensive mechanism that can resolve Goods and Services Tax (GST) disputes raised by states while avoiding distortions in the tax regime. The mechanism can be further discussed with the states GST The council meeting is expected sometime in June. The scheme includes a Disputes Redressal Bench which […]
Economy booming: GST collection in May also exceeds Rs 1.4 lakh crore
[ad_1] Goods and Services Tax (GST) collections crossed the 1.4-trillion mark for the third consecutive month in May 2022 and fell to the fourth highest level since the launch of the comprehensive consumption tax nearly five years ago. The steady jump in GST receipts over the past few months indicates that the economic momentum has […]