Mumbai – With the vision to bring as many companies as possible under the goods and services tax, the tax department of India is…
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Form GST TRAN 1 filing and revision date
A great confusion has been prevalent regarding the dates for filing of TRAN 1 as the decision taken by the GST council during its…
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GST Alert -160 companies to get a notice on transitional GST credit
Mumbai – Several Indian companies including the companies that have large market capitalization may start receiving notices very soon. What are these notices about?…
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Our guide to understand the Impact of GST on Real-Estate
When it comes to real estate, which is considered an asset for capital gains, everyone has one question: has the property gone more expensive…
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Three days to go and only 6.9 lakh taxpayers file GST returns
While the registration for Goods and services tax (GST) returns is around the corner and would be over in less than 72 hours, it…
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Scenarios where a service provider needs to register for GST across multiple states
There are different scenarios as to how GST behaves. If you are a service provider who has operations in only one state, then GST…
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Lottery traders to protest against GST rate from 28% to 12%
GST implementation has faced a lot of criticism since the day of its inception. Now, the lottery traders of Mumbai are to join the…
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GST to have an impact on the sales of brick and mortar stores; online players to make merry
If the monsoon is said to hit and dampen the rural sales and to buy then, goods and services tax (GST) is expected to…
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NCERT to update books after a decade; GST, Demonetization, Swachh Bharat among the popular ones to be added in the course
New Delhi – India’s census is due in the next three years. NCERT’s social science book for 8th standard quotes a literacy data for…
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Due date for filing GSTR-6 for July, i.e., Return for Input service distributors extended
The CBEC (Central Board of Excise and Customs) exercised its powers under the section 39(6) read with Section 168 of the Central Goods and…
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No more extensions for filing GST returns expected, says Govt. official
The government has confirmed their refusal to another extension for the GSTR-3B filing at the last moment. The officials have asked the taxpayers to…
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Survey – Monthly household expenditures rise by 30% due to GST implementation
Of all the surveys that have been conducted by the citizen grievances portal who have a tie-up with the consumer affairs department of the…
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Petrol prices to decline from ₹ 70 to ₹ 38 due to GST – But Will the government honor that decline?
A lot of questions and queries have been raised with the Finance Minister, Arun Jaitley, regarding the petrol prices. Dharmendra Pradhan who is the…
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Weird Chronicles of GST – Visual artists under 12% bracket; while sportspersons and actors exempted
This looks like to be a very weird scenario where Mr. Amitabh Bachchan, who charges ₹ 7 crores for hosting KBC or popular and…
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CBEC orders probe as ₹ 65,000 crores to be claimed as credit
CBEC (Central Board of Excise and Customs) has ordered an investigation and scrutiny as out of the ₹ 95,000 crores collected as tax by…