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 […]
Nearly 1 crore Income Tax Return Filers Added In 2017-18
New Delhi: More Indians are now Income Tax Return Filers nearly 1 crore new filers joining new tax filers joined the system.in 2017-18. The income tax department said during 2017-18 26% surge in income tax returns filed for the year with filing of 6.8 crore income tax returns as against 5.4 crores returns in the […]
Trade with Zero tax liability may get to file GST returns twice a year
When GST was applied on First of July 2017, traders were mandatory to file 3 returns in a month, and 1 annual return, almost total 37 returns in a year. NEW DELHI, MARCH 25 Trade with Zero tax liability for last six months under GST may soon get relief once the proposal to allow such traders […]
E-wallet Now address GST refund issue of exporters Says Suresh Prabhu
In the meeting held earlier this month, the GST Council has decided that it will implement e-wallet mechanism to GST refund issue to exporters who have been complaining of delays in the refund of taxes under the GST regime, Commerce and Industry Minister Suresh Prabhu said on Sunday.
GST collection will jump Rs 90k cr a month from April: CBEC
The total GST collection will jump Rs 90,000 crore per month, a top official from Central Board of Excise and Customs (CBEC) said.
Announcements can be done at GST Council Meeting on Saturday
The GST Council meeting to be held on 10 March, In the meeting traders, are expected to get big discounts in the case of filing tax returns.
GSTN provides New Features in Returns
The Goods and Services Tax Network (GSTN) added some new features in Returns Form GSTR-1 and GSTR 5 Form. According to the communication issued by the portal, a field to enter cess amount paid on exports has been provided in table 6A of GSTR 1 Form.
This Week GST Panel to meet industry for finalized return simplification
New Delhi: The government-appointed panel on Goods and Services Tax returns under GSTN chairman Ajay Bhushan Pandey will meet industry and traders this week to seek their views on the finalized return simplification process.
Govt Launches New Self-help Portal for GST Queries
In order to address the queries related to the Goods and Services Tax, the Government is launching a new self-help portal for traders. The new portal https://selfservice.gstsystem.in/ will launch on 22nd January, the Finance Ministry said.
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 […]