GST Meet

GST Council Meeting Live Updates: Tax Relief For Different Sectors

Several decisions have been taken in GST council meeting in order to promote tourism,” Nirmala Sitharaman stated at time announcing rate cuts down on hotel bills The GST Council meeting on 27th, Sept announced reduction in tax rates for the hotel industry, taking the entire sector out of the 28% tax rate slab, the highest […]

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PANIndia

How GST to be linked with PAN card?

Importance of Pan Card in GST Registration The Income Tax Department of India makes it compulsory for individuals and business entities to furnish the PAN card details for all those people who have to pay central excise duty and service tax. It is one of the documents that is needed while paying goods and services […]

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GST Meeting updates

GST Council meeting updates

In the 35st GST Council meeting on Friday extended the tenure of the National Anti-Profiteering Authority (NAA) by two years. The Council also approved imposing a penalty of up to 10 per cent on entities not passing on benefits of GST rate cuts to consumers. Briefing to reporters after the meeting of the Council, Revenue […]

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MSBL

What is PSBLoanin59 Minutes: The Ultimate Guide

The PSBLoanin59 Minutes is an initiative of the Government of India to facilitate credit for the micro, small and medium enterprises. The borrowers can access the web portal and avail a principal approval for MSME loans up to an amount of one crore within 59 minutes from five public sector banks and SIDBI. It is […]

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The GST Collection For March-19 Hits All Time New Record At Rs 1.13 Lakh Crore

The GST collection for March-19 crossed up-to its highest since the new system rolled-out of the nationwide sales tax. The mop-up for March rose 10.05 percent over the Mar-18 to Rs 1.13 lakh crore, according to a statement by the Ministry of Finance. That compares with the previous high of Rs 1,06,577 crore collected for […]

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32nd GST Council Meet

32nd GST Council meet updates: Returns under composition scheme only once in a year:FM Arun Jaitley

The GST Council  meet relaxed the tax exemption limit to Rs 40 lakh from the earlier cap of Rs 20 lakh during its 32nd meeting on today. GST Council Meet key Updates:- A committee has been set up to consider real estate GST rates, a consensus is yet to be achieved, says FM Arun Jaitley.  The […]

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GoM wants exemption limit for MSMEs to be increased

GoM wants exemption limit for MSMEs to be increased, GST council may decide

NEW DELHI: The staffing industry has reached out to the GST ( Goods and Services Tax ) Council to seek ITC (input tax credit) on insurance services procured for its employees.  Modi, who is a member of the panel on MSME relief, said the GoM was unanimous that the exemption limit for the MSMEs which […]

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GST Impact on Agricultural Sector

GST Impact on Agricultural Sector

Role of Agricultural Sector in Indian Economy Basically GST Impact on Agricultural Sector will be Neither good nor Bad in current scenario. The agricultural sector is the largest contributing sector the overall Indian GDP.

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Form GSTR-11

All About Form GSTR-11

What is Form GSTR-11? Form GSTR-11 is the return form to be prepared by the individuals who have been issued a Unique Identity Number (UIN), in order to obtain refunds under GST, for all the goods and services purchased by them in India.

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Form GSTR-9

Easy Step by Step Guide on Form GSTR-9

What is Form GSTR-9? Form GSTR-9 is an annual return to be filed once in a year by the registered taxpayers under GST including those taxpayers who are registered under composition levy scheme.

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