GST News and income tax updates | Official Blog

Thirty seventh GST Council Meeting - Key Highlights

September 27, 2019

The 37th GST council has been held in Panaji on September 20, 2019.The meeting wrapped up with several decisions ranging from relaxations in annual return filing, rate revisions, deferment of new GST

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Highlights of Union Budget 2019

July 24, 2019

Check out the highligts of India Union Budget 2019 presented by Finance Minister Nirmala Sitharaman

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What is GST?

August 05, 2019

The Goods and Service Tax (GST) is an indirect/consumption tax levied on the supply of goods. Currently, GST is divided into 5 tax slabs for collection of tax- 0%, 5%, 12%, 18% and 28%.The Goods & Service Tax came into effect on July 1, 2017 as per the 101st Amendment of the Constitution of India by the Indian Government.

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Working of E-Invoicing under GST

December 12, 2019

E-invoicing, new GST invoicing format is starting from 1st January 2020 on voluntary basis.In this system GST network will generate a unique invoice number, also called unique Invoice Reference Number

GST, E Invoice, GST Updates

GST Revenue Collection

January 23, 2020

The GST collection has crossed 1 Lakh Cr for the second consecutive month. This indicates that the consumption has boosted despite all the initial chaos about GST.

GST, GST Updates

What is Reverse Charge Mechanism?

January 28, 2020

Reverse Charge Mechanism(RCM) in GST means that the receiver of the goods or services is liable to pay the tax and not the supplier.

GST, GST Updates

IGST: What to Know & Its Overview

March 30, 2020

GST has many tax subsets alongside rules and sections to follow. What IGST is and what are the associated elements of it are illustrated here...

GST, GST Updates

A Complete Guide On Job Work Under GST India

May 08, 2020

The GST Act makes special provisions with regard to removal of goods for job-work and receiving back the goods after processing from the job-worker without the payment of GST.

GST, GST Updates, GST News

What is GST Demand & Recovery?

August 04, 2020

As per the provisions of recovery of tax in GST, if the amount payable by a taxable person, remains unpaid, even after 3 months from the date of issuing the order for demand of tax, then the recovery of tax under GST will be initiated.

GST, GST Updates

GSTR 9 Format - Details To Know

What is GSTR 9?

Suspension of GST Registration

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Thirty seventh GST Council Meeting - Key Highlights

Highlights of Union Budget 2019

What is GST?

Working of E-Invoicing under GST

GST Revenue Collection

What is Reverse Charge Mechanism?

IGST: What to Know & Its Overview

A Complete Guide On Job Work Under GST India

What is GST Demand & Recovery?

GSTR 9 Format - Details To Know

What is GSTR 9?

Suspension of GST Registration

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